Hormel Foods Corp (HRL) reported fourth quarter net earnings of $103.88 million or $0.77 per share, compared to $67.81 million or $0.50 per share last year. The company noted that the prior year results include retrospective reclassification of shipping and handling expenses to cost of products sold from selling, general and administrative.
On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share. Analysts' estimates typically exclude special items.
Net sales declined to $1.68 billion from $1.86 billion in the same quarter last year. Seven analysts estimated revenues of $1.82 billion.
Moving ahead, the company said it is setting its fiscal 2010 earnings guidance range at $2.63 to $2.73 per share.
Analysts expect the company to earn $2.59 per share, on revenues of $6.98 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.