Hormel Foods falls to decade low after quarterly profit view below estimates

Hormel Foods

28/08/2025 15:19

Updates

   ** Shares of Hormel Foods HRL.N plunge as much as 18.3% at $23.71 in early trading, lowest since August 2014

** Stock set for its worst day on record, if losses hold

** Packaged meat maker expects Q4 adjusted EPS between 38 cents and 40 cents, below analysts' expectation of 49 cents a share, as per data compiled by LSEG

   ** Co says higher commodity costs led to Q3 profit miss

   ** Reports quarterly 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 and Savyata Mishra in Bengaluru)

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