Hormel Foods Q3 2024 Adj EPS $0.37 Beats $0.36 Estimate, Sales $2.898B Miss $2.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods reported Q3 2024 earnings per share of $0.37, slightly beating the estimate of $0.36, but sales of $2.898 billion missed the $2.95 billion estimate. Both earnings and sales decreased compared to the same period last year.
September 04, 2024 | 10:05 am
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Hormel Foods' Q3 2024 earnings per share of $0.37 beat expectations, but sales of $2.898 billion fell short. Both figures declined from the previous year, indicating potential challenges.
While Hormel Foods exceeded EPS expectations, the miss on sales and the year-over-year decline in both earnings and sales suggest mixed performance. This could lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the sales miss and overall decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100