Categories AlphaGraphs, Consumer, Earnings

HRL Earnings: Key highlights from Hormel Foods’ Q2 2023 financial results

Hormel Foods Corporation (NYSE: HRL) reported second quarter 2023 earnings results today.

Net sales of $3 billion were down 3.8% year-over-year.

Net earnings attributable to Hormel Foods Corporation were $217.2 million, or $0.40 per share, compared to $261.6 million, or $0.48 per share, last year.

For FY2023, the company expects net sales growth of 1-3% compared to the prior year. EPS is estimated to be $1.70-1.82 for the year.

Prior performance

Most Popular

General Motors (GM) fast-tracks EV transition. Is the stock a buy?

General Motors Co. (NYSE: GM) has been ramping up its electric vehicle business, rolling out new models and expanding the production of battery packs. The auto giant’s aggressive EV strategy

Lennar to report Q2 earnings. Will results benefit from demand recovery?

After giving mixed signals in the first half, demand for new homes in the US is expected to recover in the later part of the year. While there is pent-up

Campbell Soup (CPB): A few factors that shaped the Q3 performance

Shares of Campbell Soup Company (NYSE: CPB) stayed red on Monday. The stock has dropped over 8% in the past one month. The food company delivered sales and earnings growth

Add Comment
Viewing Highlight