HORMEL FOODS REPORTS THIRD QUARTER RESULTS AND REVISES FULL YEAR SALES AND EARNINGS GUIDANCE

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Hormel Foods (HRL) Misses Q3 EPS by 1c; Raises FY Revenue Guidance, Lowers EPS

September 1, 2022 6:34 AM EDT

Hormel Foods (NYSE: HRL) reported Q3 EPS of $0.40, $0.01 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.99 billion.

GUIDANCE:

Hormel Foods sees FY2022 EPS of $1.78-$1.85, versus the prior of... More