HRL's Q4 Earnings Miss, Sales Decline on Weak Retail Business

Hormel Foods Corporation (HRL) reported its fourth-quarter fiscal 2024 results. Net sales matched the Zacks Consensus Estimate but declined on a year-over-year basis. While the company’s bottom line remained flat compared to the year-ago quarter’s level, it missed the consensus mark.Hormel Foods’ adjusted earnings of 42 cents per share missed the Zacks Consensus Estimate of 43 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales of $3,138.1 million declined from $3,198.1 mi ...