Hormel Foods Non-GAAP EPS of $0.40 misses by $0.01, revenue of $2.96B misses by $90M

• Hormel Foods press release (NYSE:HRL): Q3 Non-GAAP EPS of $0.40 misses by $0.01.
• Revenue of $2.96B (-2.3% Y/Y) misses by $90M.
• Q4 outlook: Modest volume growth; net sales to be between $3.1 billion and $3.6 billion; diluted net earnings per share to be down from last year

• Full-year net sales are expected to be (4)% to flat; diluted EPS to be $1.51 to $1.57, and adjusted diluted net earnings per share are expected to be $1.61 to $1.67.

More on Hormel Foods

• Hormel Foods: Still Not Worth It
• Hormel Foods Will Return To Growth
• Tudor Investment boosts stakes in Big Tech, exits VMware, BAH, HRL
• Hormel slips after Argus pulls bull rating due to weak earnings outlook
• Hormel drops again after JPMorgan downgrades to an underweight rating
• Hormel stock slides on earnings miss, trimmed profit guide
• Seeking Alpha’s Quant Rating on Hormel Foods
• Earnings data for Hormel Foods
• Dividend scorecard for Hormel Foods