Shares of Hormel Foods (HRL) plunged on Wednesday. The food company cut its full-year sales guidance due to 'lower-than-expected commodity markets' and...
) plunged on Wednesday. The food company cut its full-year sales guidance due to"lower-than-expected commodity markets " and production issues at a Virginia facility.Let's talk about Hormel also shares their sliding after it trimmed its full year sales outlook.Uh Looking into the outlook here, the company says commodity market conditions are one of the reasons that they are cutting the forecast continued softness in their contract manufacturing business within retail segment.
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