The Spam brand owner expects an annual adjusted earnings per share in the range of $1.55 to $1.65, compared with its prior forecast of $1.51 to $1.65...
The company logo for Hormel Foods is displayed on a screen on the floor at the NYSE in New York - Hormel Foods beat market expectations for second-quarter profit on Thursday and raised the lower end of its full-year earnings as the Wholly dips maker sees steady demand for higher-priced meat products .
Sales at its food service business grew 6% in the quarter, helped by higher volume sales of its bacon, premium prepared protein and turkey categories.Hormel Foods posted an adjusted profit of 38 cents per share for the quarter compared with analysts' average estimate of 36 cents per share, according to LSEG data.
Shares of the Austin, Minnesota-based company, which has risen nearly 6% so far this year, climbed about 1% in premarket trading.
Earnings Per Share Steady Demand Second-Quarter Profit Meat Products
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