HRL's Q4 Earnings Miss, Sales Decline on Weak Retail Business
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Hormel Foods reported a decline in net sales and flat earnings for Q4 fiscal 2024, with a 4.1% drop in volumes, primarily due to a weak retail business.
December 04, 2024 | 5:30 pm
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Hormel Foods' Q4 fiscal 2024 results show a decline in net sales and flat earnings, with a 4.1% drop in volumes due to weak retail business.
The decline in net sales and flat earnings, along with a 4.1% drop in volumes, indicates a weak retail business performance, which is likely to negatively impact HRL's stock price in the short term.
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