logo
Plus   Neg
Share
Email

Hormel Foods Narrows FY19 EPS Outlook Range - Quick Facts

Branded food company Hormel Foods Corp. (HRL) on Thursday narrowed its earnings guidance range for the full year 2019 ahead of its Investor Day at the New York Stock Exchange later in the day.

At the Investor Day, the company's senior management team will provide insights on the company's strategies for delivering sustainable long-term growth. The will also outline the Company's 2020 Path Forward, a set of six strategic initiatives to achieve the company's key results.

For fiscal 2019, the company now projects earnings in a range of $1.76 to $1.80 per share, compared to the previous outlook in the range of $1.71 to $1.85 per share.

The company has not provided any update an annual net sales guidance, with the recent guidance being between $9.50 billion and $10.00 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.74 per share on net sales of $9.51 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Swiss banking giant UBS Group AG reported lower profit in its third quarter mainly with weak profit in Investment Bank segment and lower net interest income. Looking ahead, the bank noted that geopolitical tensions and trade disputes continue to impact investor confidence. However, positive momentum toward resolving issues would likely improve confidence and the economic outlook. Dunkin' Brands Group said it is rolling out the Beyond Sausage Sandwich to more than 9,000 restaurants nationwide, starting November 6. The sandwich features a plant-based sausage patty from alternative meat maker Beyond Meat. Beyond Meat's breakfast sausage patty is made with plant-based protein and a mix of spices crafted specifically for Dunkin'. Boeing said it understands and regrets the concern caused by the publications of instant messages involving a former test pilot that he "unknowingly" lied to regulators about a flight-control system on the Boeing 737 Max aircraft. The aircraft maker said it especially regrets the difficulties that the release of the messages presented for the U.S. Federal Aviation Administration or FAA.
Follow RTT
>