Where's the Beef? Traders Eye Hormel (HRL) Peers on Lowered Outlook (TSN) (SFD)

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Hormel Foods (HRL) Warns for FY13

June 18, 2013 8:05 AM EDT

Hormel Foods Corp. (NYSE: HRL) lowered its full year guidance range for fiscal 2013 from $1.93 - $2.03 per share to $1.88 - $1.96 per share. The consensus is $1.99.

"Lower than expected results in our pork operations, higher input costs and softer sales of our retail products... More