Sentiment: Negative
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Hormel Foods (HRL) Stock Falls 9% After Sales Forecast Cut and Q3 Revenue Miss
By Trader Edge at 2026-09-16 22:10
Sentiment: Negative
TLDR Hormel cut its fiscal 2026 net sales forecast to $12.1B-$12.2B, down from $12.2B-$12.5B Q3 revenue fell 2.4% to $2.96B, missing analyst estimates of $3.04B Retail segment sales dropped 4%, with volumes falling 9% Lower prices for commodity turkey and private-label snack nuts were key drivers of the miss HRL stock fell 9.1% to $21.57 [...] The post Hormel Foods (HRL) Stock Falls 9% After Sales Forecast Cut and Q3 Revenue Miss appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central