Hormel Foods Lowers Adjusted Earnings Guidance Citing Fire, Inflationary Pressures

Core Viewpoint - Hormel Foods reported that its earnings in the latest quarter were negatively impacted by price pressures, bird flu, and a fire that damaged its peanut butter production facility in Arkansas [1] Group 1 - The company experienced earnings pressure due to various factors including price pressures [1] - Bird flu has contributed to the challenges faced by the company [1] - A fire incident at the Arkansas facility has further complicated production capabilities [1]