Hormel stock heads lower as 2023 forecasts lag expectations

Nov. 30, 2022 7:46 AM ETHormel Foods Corporation (HRL)By: Kevin P. Curran, SA News Editor2 Comments

Hormel Foods To Purchase Skippy Peanut Butter From Unilever

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Hormel Foods (NYSE:HRL) shares sank sharply in premarket trading on Wednesday as cautious commentary on 2023 overshadowed record sales in 2022.

For the fourth quarter reported on Wednesday, the packaged food provider posted $0.51 in GAAP EPS

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