Hormel Foods up after annual profit forecast above estimates

Hormel Foods

04/12/2025 11:31

** Shares of Skippy peanut butter maker Hormel Foods  up about 5% at $24.37 premarket

** Expects FY2026 adjusted EPS between $1.43 and $1.51, with the midpoint above analysts' average estimate of $1.45, as per data compiled by LSEG

** Also logs quarterly net sales of $3.19 billion, compared with $3.14 billion a year ago

** Up to last close, stock down nearly ~26% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))