Hormel Meals Company (NYSE: HRL) reported its third quarter 2024 earnings outcomes immediately.
Whole web gross sales decreased 2.2% year-over-year to $2.90 billion.
Internet earnings attributable to Hormel Meals Company had been $176.7 million, or $0.32 per share, in comparison with $162.6 million, or $0.30 per share, final 12 months. Adjusted EPS was $0.37.
Earnings beat estimates however income missed expectations.
The corporate up to date its outlook for fiscal 12 months 2024. It now expects web gross sales of $11.8-12.1 billion and adjusted EPS of $1.57-1.63 versus the earlier expectation of gross sales of $12.2-12.5 billion and adjusted EPS of $1.55-1.65.
The inventory fell 8% in premarket hours on Wednesday.
Prior efficiency
