Hormel Foods Lowers Sales Forecast Amid Consumer Pullback, but Beats Earnings Estimates

Hormel Foods cut its annual sales outlook due to lower prices for turkey and nuts and reduced consumer spending, but reported adjusted earnings that beat expectations and raised its adjusted EPS guidance.

27 Aug, 14:14 — 27 Aug, 14:14

Post Share

Sources

Showing 1 of 4 sources

Barron'sHigh1d ago

Hormel Foods Hit With Lower Prices for Turkey and Nuts. Stock Drops on Cut to Sales Guidance. - Barron's

Hormel Foods Hit With Lower Prices for Turkey and Nuts. Stock Drops on Cut to Sales Guidance. Barron's

Read full article →

Coverage Timeline

First report: seeking-alpha · 27 Aug, 11:45|Full coverage: 4 · 3h|Window: 3h

Left-leaningCenterRight-leaning

seeking-alpha27 Aug, 11:45First to report

Hormel Foods raises adjusted EPS outlook despite Q3 sales miss

2h later

Yahoo27 Aug, 13:35

Hormel Foods narrows sales forecast

Barron's27 Aug, 14:14

Hormel Foods Hit With Lower Prices for Turkey and Nuts. Stock Drops on Cut to Sales Guidance. - Barron's

wsj27 Aug, 14:20Latest update

PERSPECTA

PERSPECTA

Hormel Foods Lowers Sales Forecast Amid Consumer Pullback, but Beats Earnings Estimates

Sources

Hormel Foods Hit With Lower Prices for Turkey and Nuts. Stock Drops on Cut to Sales Guidance. - Barron's

Coverage Timeline

Hormel Foods raises adjusted EPS outlook despite Q3 sales miss

Hormel Foods narrows sales forecast

Hormel Foods Hit With Lower Prices for Turkey and Nuts. Stock Drops on Cut to Sales Guidance. - Barron's

Hormel Foods Cuts Sales Outlook Amid Consumer Pullback, Higher Costs - WSJ

Related Stories

Fed Chair Warsh Warns Persistent Inflation Requires Continued Policy Action

Fed Chair Warsh Signals Potential Rate Hikes Amid Persistent Inflation at Jackson Hole

Fed Official Warsh Warns US Inflation Remains Concerning, Pledges 2% Target

Walmart Reaches Settlement With US Government Over Opioid Lawsuit

PERSPECTA