Hormel Foods drops after quarterly profit forecast below estimates

Hormel Foods

28/08/2025 11:34

Aug 28 (Reuters) -    ** Shares of Hormel Foods HRL.N down 6.5% at $27.14 premarket

   ** Expects Q4 adjusted EPS between 38 cent and 40 cents, below analysts' expectation of 49 cents/share, according to data compiled by LSEG

   ** Co cites higher commodity costs for profit miss

   ** Reports Q3 adjusted EPS of 35 cents vs estimates of 41 cents/share

** Up to last close, stock down nearly 7.5% YTD

 (Reporting by Sanskriti Shekhar)

 ((Sanskriti.Shekhar@thomsonreuters.com;))