Hormel Foods GAAP EPS of $0.44 in-line, revenue of $3.04B beats by $120M

• Hormel Foods press release (NYSE:HRL): Q1 GAAP EPS of $0.44 in-line.
• Revenue of $3.04B (+23.6% Y/Y) beats by $120M.
• Shares +1% PM.
• Volume of 1.2 billion lbs., up 2%; organic volume down 4%
• FY2022 sales to be in the range of $11.7B-$12.5B vs. consensus of $12.23B and diluted EPS of $1.87-$2.03 vs. consensus of $1.95.

Comments

[femur]

👍

[purpleboarder]

Love this company. Shareholder friendly, have a trust in place, that makes good decisions for the long haul (like HSY). Dividend growth is great. Long HRL...

[justanopion]

Great company to own. People have to eat and they know how to adapt to the changing times. Own it and enjoy the dividends and save the rest for the kids