Hormel Foods Corp.

NYSE:HRL  
46.89
-0.16 (-0.34%)
Other Pre-Announcement

Hormel Foods Reports Q3 Results

Published: 09/01/2022 11:46 GMT
Hormel Foods Corp. (HRL) - Hormel Foods Reports Third Quarter Results and Revises Full Year Sales and Earnings Guidance.
Qtrly Record Net Sales of $3.0 Billion, Up 6%; Organic Net Sales1 Up 3%.
Qtrly Diluted Earnings per Share of $0.40.
Transitioning to Three Operating Segments - Retail, Foodservice and International.
Hormel Foods - Overcame Challenges, Including Inflation Pressures, Persistent Upstream and Downstream Supply Chain Disruptions, Limited Turkey Supply.
Sees FY22 Net Sales Guidance $12.2 Billion - $12.8 Billion.
Sees Fiscal 2022 Diluted Earnings per Share Between $1.78 - $1.85.
Q3 Earnings per Share View $0.41, Revenue View $2.98 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $1.89, Revenue View $12.45 Billion -- Refinitiv Ibes Data (analyst estimates).