Hormel Earns 44 Cents per Share

This morning, Hormel Foods (HRL) reported Q1 earnings of 56 cents per share. Of that, 12 cents was due to tax reform, so let’s say it was 44 cents per share in terms of continuing operations. That matched consensus.

Hormel also raised its FY 2018 guidance to a range of $1.81 to $1.95 per share. The old range was $1.62 to $1.72 per share. The company is also raising its starting wage from $13 to $14 per share.

Posted by on February 22nd, 2018 at 7:58 am


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