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


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

Most Popular

DG Earnings Preview: What to look for when Dollar General reports Q3 results

Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains

Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not

KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results

The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales

Add Comment
Viewing Highlight