Categories AlphaGraphs, Consumer, Earnings

HRL Earnings: Key quarterly highlights from Hormel Foods’ Q4 2022 financial results

Hormel Foods Corporation (NYSE: HRL) reported fourth quarter 2022 earnings results today.

Net sales decreased 5% year-over-year to $3.3 billion. Organic net sales were up 2%.

Net earnings attributable to Hormel Foods Corporation were $279.8 million, or $0.51 per share, compared to $281.7 million, or $0.51 per share, last year.

For fiscal year 2023, net sales are expected to range between $12.6-12.9 billion.

Earnings beat estimates but revenue fell short. The outlook was also lower than expected sending the stock plunging over 7% in premarket hours.

Prior performance

Hormel-Foods-Q3-2022-Earnings-Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top