2020-11-24 06:33:02 HRL Hormel Foods
11/24/20 11/2406:33 11/24/2006:33 | Hormel Foods reports Q4 EPS 43c, consensus 44cReports Q4 revenue $2.42B, consensus $2.59B. "I'm proud of how our team overcame multiple challenges to deliver record sales this year," said Jim Snee, chairman of the board, president and CEO. "We grew sales in all four segments, which speaks to the strategic balance we have built into our company. In several of our domestic businesses, strong demand for our products exceeded the available supply. From a bottom-line perspective, our experienced leadership team managed through the incremental supply chain costs we incurred related to the pandemic, which was the largest driver of our earnings decline." |
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