Hormel Foods Reaffirms FY24 Net Sales Growth Outlook Of 1% To 3%; Revises Adjusted EPS Outlook From $1.51 - $1.65 To $1.55 - $1.65, Est $1.58
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods has reaffirmed its FY24 net sales growth outlook of 1% to 3% and revised its adjusted EPS outlook from $1.51 - $1.65 to $1.55 - $1.65, with an estimated EPS of $1.58.
May 30, 2024 | 10:08 am
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Hormel Foods has reaffirmed its FY24 net sales growth outlook of 1% to 3% and revised its adjusted EPS outlook from $1.51 - $1.65 to $1.55 - $1.65, with an estimated EPS of $1.58.
The reaffirmation of net sales growth and the upward revision of the adjusted EPS outlook are positive indicators for Hormel Foods. This suggests confidence in the company's financial performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100