Hormel Foods Corp.

NYSE:HRL  
47.69
+0.33 (+0.70%)
Other Pre-Announcement

Hormel Foods Reports Qtrly Diluted EPS Of $0.48

Published: 06/02/2022 10:54 GMT
Hormel Foods Corp. (HRL) - Hormel Foods Reports Record Sales and Double-digit Earnings Growth in the Second Quarter.
Qtrly Diluted Earnings per Share of $0.48.
Qtrly Volume of 1.2 Billion Lbs.
, Down 2%; Organic Volume Down 8%.
Qtrly Net Sales of $3.1 Billion, Up 19%; Organic Net Sales Up 10%.
Qtrly Refrigerated Foods Net Sales Up 13%; Organic Net Sales Up 11%.
Qtrly Refrigerated Foods Volume Down 13%; Organic Volume Down 14%.
Q2 Earnings per Share View $0.47, Revenue View $3.07 Billion -- Refinitiv Ibes Data (analyst estimates).
Reaffirming Our Sales Expectations and Narrowing Our Earnings Guidance Range for FY.
Sees Fiscal 2022 Diluted Earnings per Share Guidance to Be $1.87 - $1.97.
FY2022 Earnings per Share View $1.94, Revenue View $12.41 Billion -- Refinitiv Ibes Data (analyst estimates).
Anticipate a Fourth-quarter Improvement From Pricing Actions Taken Across Our Grocery Products Portfolio.
Navigating Impact of Hpai on Jennie-o Turkey Store Supply Chain and External Factors Affecting International & Other Segment.
Hormel Foods-during Q2, Closed Benson Avenue Facility and Transferred About 200 Employees to Newer and Larger Manufacturing Facility in Willmar, Minn.
Hormel - Beginning in Q3, Anticipate Large Supply Gaps in Jennie-o Turkey Store Vertically Integrated Supply Chain, Caused by Flock Losses to Date.