Hormel Foods Corporation (NYSE: HRL) reported fourth quarter 2023 earnings results today.
Net sales were $3.19 billion compared to $3.28 billion in the same period a year ago.
Net earnings attributable to Hormel Foods Corporation were $195.9 million, or $0.36 per share, compared to $279.8 million, or $0.51 per share, last year. Adjusted EPS was $0.42.
Revenue and earnings missed expectations.
For fiscal year 2024, the company expects net sales of $12.2-12.5 billion. GAAP EPS is expected to be $1.43-1.57 and adjusted EPS is expected to be $1.51-1.65.
ADVERTISEMENT
The stock was down over 1% in premarket hours on Wednesday.
Prior performance
