WASHINGTON (dpa-AFX) - Hormel Foods Corp (HRL) reported earnings for second quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $180.02 million, or $0.33 per share. This compares with $189.28 million, or $0.34 per share, last year.
Excluding items, Hormel Foods Corp reported adjusted earnings of $192.93 million or $0.35 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.4% to $2.898 billion from $2.887 billion last year.
Hormel Foods Corp earnings at a glance (GAAP) :
-Earnings: $180.02 Mln. vs. $189.28 Mln. last year. -EPS: $0.33 vs. $0.34 last year. -Revenue: $2.898 Bln vs. $2.887 Bln last year.
-Guidance: Full year EPS guidance: $1.58 - $1.68 Full year revenue guidance: $12.0 - $12.2 Bln
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
