Hormel Foods Corp.

NYSE:HRL   3:28:59 PM EDT
42.02
+0.16 (+0.38%)
Other Pre-Announcement

Hormel Foods Reports Third Quarter Results And Updates Full Year Earnings Guidance Range

Published: 09/02/2021 11:02 GMT
Hormel Foods Corp. (HRL) - Hormel Foods Reports Third Quarter Results and Updates Full Year Earnings Guidance Range.
Q3 Earnings per Share $0.32.
Q3 Sales Rose 20 Percent to $2.9 Billion.
Qtrly Volume of 1.2 Billion Lbs.
, Up 1%; Organic Volume Down 2%.
Qtrly Refrigerated Foods Volume Down 2%; Organic Volume Down 3%.
Q3 Earnings per Share View $0.39, Revenue View $2.72 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Refrigerated Foods Net Sales Up 19%; Organic Net Sales Up 18%.
Sees 2021 Net Sales Guidance $11.0 - $11.2 Billion.
Sees 2021 Diluted Earnings per Share Guidance $1.65 - $1.69.
FY2021 Earnings per Share View $1.71, Revenue View $10.91 Billion -- Refinitiv Ibes Data (analyst estimates).
Hormel Foods Qtrly Refrigerated Foods Volume, Net Sales, Segment Profit Were Negatively Impacted by Production Constraints Due to Labor Shortages.