Hormel Foods Corporation (NYSE: HRL) reported third quarter 2023 earnings results today.
Net sales totaled $3 billion compared to $3.03 billion in the same period last year.
Net earnings attributable to Hormel Foods Corporation were $162.6 million, or $0.30 per share, compared to $218.9 million, or $0.40 per share, last year. Adjusted EPS amounted to $0.40.
Both revenue and earnings missed expectations.
For the fourth quarter of 2023, the company expects net sales of $3.1-3.6 billion.
The stock was down over 3% in premarket hours on Thursday.
Prior performance
