• Hormel Foods Earns 39 Cents per Share

    1 month ago - By Crossing Wall Street

    We had another earnings report this morning, this time from Hormel Foods. The Spam people earned 39 cents per share for the quarter which was up 15% from a year ago. The results matched Wall Street's expectations. The company reaffirmed their full-year guidance of $1.81 to $1.95 per share. Net sales were up 7% while organic sales were flat.
    Overall, this was an OK earnings report, but nothing great. The downside is that Hormel trimmed its full-year sales estimate to a range of $9.4 billion to $9.6 billion.
    The CEO said:
    “We reported record sales and earnings for the quarter and remain on...
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  • Trade war will damage U.S. economy, says poll

    1 month ago - By Reuters

    A Reuters poll found that economists see President Trump's trade war inflicting damage on the economy and growth slowing steadly in coming quarters. Fred Katayama reports.
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  • Hormel reports third-quarter sales growth and $30 million price tag for Nebraska plant

    Hormel reports third-quarter sales growth and $30 million price tag for Nebraska plant

    1 month ago - By Stl Today

    Hormel Foods Corp. reported third quarter sales growth Thursday, matching analysts' expectation despite elevated trade tariffs, high freight costs and ongoing effects of a national oversupply of turkey. Earnings for the company's third quarter, ended July 29, grew 15 percent...
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