Feb. 24 at 3:56 PM
$HRL set to report Q1 earnings soon — but the odds of beating expectations aren't high.
Hormel projects a 5th straight quarter of YoY organic sales growth, driven by strong demand for protein-centric brands like SPAM and Jennie-O. Projected net sales stand at approximately
$3 billion, with adjusted EPS at 34 cents. However, cost headwinds from elevated beef prices and turkey supply constraints remain a concern.
Discover the full earnings outlook here 👉 https://www.zacks.com/stock/news/2874423/hormel-foods-gears-up-for-q1-earnings-key-insights-for-investors?cid=sm-stocktwits-2-2874423-body-34875&ADID=SYND_STOCKTWITS_TWEET_2_2874423_BODY_34875