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Hormel jumps 5% on record Q1 sales

Mar. 01, 2022 11:10 AM ETHormel Foods Corporation (HRL)By: Manshi Mamtora, CFA
  • Hormel (HRL +5.1%) Q1 shows record net sales of $3B, up 24%; organic net sales up 13%.
  • Operating income of $320M, up 19%
  • Operating margin of 10.5%, compared to 10.9% last year
  • Pretax earnings of $309M, up 11%
  • GAAP EPS of $0.44, up 7% compared

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