Hormel Foods Q1 Adj. EPS $0.41 Beats $0.34 Estimate, Sales $3.00B Beat $2.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods (NYSE:HRL) reported Q1 adjusted EPS of $0.41, surpassing the $0.34 estimate, and sales of $3.00B, exceeding the $2.92B estimate. This represents a 2.5% increase in EPS and a 0.84% increase in sales from the same period last year.
February 29, 2024 | 11:30 am
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Hormel Foods reported a Q1 adjusted EPS of $0.41, beating estimates, and sales of $3.00B, also above expectations. Year-over-year, EPS grew by 2.5% and sales by 0.84%.
Hormel Foods' Q1 earnings and sales not only surpassed analyst expectations but also showed growth compared to the same period last year. This positive performance, especially in exceeding both EPS and sales estimates, is likely to instill investor confidence and could lead to a short-term uptick in HRL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100