While reporting financial results for the second quarter on Thursday, branded food company Hormel Foods Corp. (HRL) reaffirmed its earnings and net sales growth guidance for the full-year 2023.
For fiscal 2022, the company continues to project earnings in a range of $1.70 to $1.82 per share on net sales growth of 1 to 3 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.72 per share on net sales decline of 0.3 percent to $12.51 billion for the year. Analysts' estimates typically exclude special items.
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