Hormel Foods Corp. (HRL) reported stronger-than-expected Q2 results. EPS of $0.42 beat the consensus estimate of $0.41. Shares of the leading global branded food company were up 7.4% at the close of trade on Thursday. Total revenues grew 8% year-over-year to $2.6 billion, versus the consensus estimate of $2.42 billion. The growth was driven by an upsurge in demand across retail, deli, and international segments, robust foodservice sales, as well as enhancements in the supply chain results. Notably, the U.S. foodservice and U.S. deli net sales grew 28% and 4%, respectively, while international net sales rose 11% year-over-year.
https://www.tipranks.com/news/hormel-foods-shares-pop-7-4-on-solid-q2-beat-raised-top-line-guidance
Hormel Foods (NYSE:HRL)
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