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Stock impact report

5 Revealing Analyst Questions From Hormel Foods's Q3 Earnings Call [Yahoo! Finance]

Hormel Foods Corporation (HRL) 
Last hormel foods corporation earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.hormelfoods.com
Company Research Source: Yahoo! Finance
Hormel Foods' third quarter saw a positive market reaction despite revenue falling below Wall Street's expectations, as investors focused on the company's stronger than anticipated non-GAAP profit. Management highlighted persistent input cost inflation, particularly in pork and beef, as a major headwind, which weighed on margins and sales volumes. Interim CFO Paul Keenan acknowledged, “Profit was challenged this year, and value-added growth was more than offset by year-over-year margin pressures related to higher commodity input costs, supply chain impacts of avian illnesses, and some discrete items.” The company's protein-forward brands like Jennie-O and Planters provided some stability, but discrete events including a product recall and facility fire further pressured results. Show less Read more
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