Hormel Foods Q2 2024 Adj EPS $0.38 Beats $0.36 Estimate, Sales $2.887B Miss $2.967B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods (NYSE:HRL) reported Q2 2024 adjusted earnings per share (EPS) of $0.38, beating the analyst estimate of $0.36. However, sales of $2.887 billion missed the $2.967 billion estimate. Both EPS and sales showed a decline compared to the same period last year.
May 30, 2024 | 10:06 am
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Hormel Foods reported Q2 2024 EPS of $0.38, beating estimates, but sales of $2.887 billion missed expectations. Both EPS and sales declined year-over-year.
While Hormel Foods beat EPS estimates, the miss on sales and the year-over-year decline in both EPS and sales may create mixed sentiment among investors. The short-term impact on the stock price is likely to be neutral as the positive EPS is offset by the negative sales performance.
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