Hormel Foods: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Hormel Foods (NYSE:HRL) reported Q2 earnings with in-line EPS of $0.4 and revenue down $120 million YoY. Management provided FY 2023 guidance, expecting earnings between $1.7 and $1.82 per share.
June 01, 2023 | 10:40 am
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Hormel Foods reported Q2 earnings with in-line EPS of $0.4 and revenue down $120 million YoY. FY 2023 guidance expects earnings between $1.7 and $1.82 per share.
Hormel Foods reported in-line EPS, which is unlikely to cause significant price movement. However, the decline in revenue YoY and the provided guidance for FY 2023 may influence investor sentiment. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100