Hormel Foods Q3 Earnings Preview: Revenue Growth Expected Amid Shelf-Stable Food Segment Trends
AI Summary1 min read
TL;DR
Hormel Foods is expected to report Q3 revenue growth of 3.6% to $3.25 billion and adjusted earnings of $0.31 per share, despite a history of missing revenue estimates.
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Hormel FoodsQ3 earningsrevenue growthshelf-stable foodanalyst estimates
Hormel Foods (HRL) is set to announce Q3 earnings on Thursday. Analysts expect revenue to grow 3.6% YoY to $3.25 billion and adjusted earnings of $0.31 per share. The company has missed Wall Street's revenue estimates four times over the last two years. Hormel Foods has an average analyst price target of $26.69.
