Hormel Foods: Q2 Earnings Insights - Hormel Foods (NYSE:HRL)

Hormel Foods HRL reported its Q2 earnings results on Thursday, June 1, 2023 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Hormel Foods reported in-line EPS of $0.4 versus an estimate of $0.4.

Revenue was down $120.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 2.87% drop in the share price the next day.

Here's a look at Hormel Foods's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).