Hormel Foods falls after Q4 profit forecast cut; announces CFO change

Hormel Foods

29/10/2025 15:30

Updates

  ** Shares of Skippy peanut butter maker Hormel Foods  down about 7% at $22.56

** Co now expects a reduction of 8 cents to 9 cents in Q4 adjusted EPS forecast from earlier range of 38 cents to 40 cents

** Co says it faces persistent, higher-than-expected inflation in key commodity inputs

** HRL also hit by the spread of highly pathogenic avian influenza (HPAI) and pneumoviruses within the poultry industry

** Still, co expects fourth-quarter net sales growth near the top end of its prior guidance

** Co also appoints Paul Kuehneman as interim CFO, effective October 27, as Jacinth Smiley steps down

** Up to last close, stock down nearly 29.2% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))