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

Reuters
2025/10/29
BUZZ-Hormel Foods falls after Q4 profit forecast cut; announces CFO change

** Shares of Skippy peanut butter maker Hormel Foods <HRL.N> down 3.7% at $22.78 premarket

** Co now expects a reduction of 8 cents to 9 cents in Q4 adjusted EPS from the earlier forecast 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 from October 27, 2025, as Jacinth Smiley steps down

** Up to last close, stock down nearly 24.6% YTD

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10