Hormel Foods Analysts Boost Their Forecasts Following Upbeat Q4 Earnings

Hormel Foods Corporation (NYSE:HRL) reported fourth-quarter results that beat Wall Street profit expectations but fell short on revenue on Thursday.The packaged foods maker also issued an upbeat earnings and sales outlook for the coming year, signaling confidence in its turnaround efforts despite ongoing cost pressures.The company reported fourth-quarter adjusted earnings per share of 32 cents, beating the analyst consensus estimate of 30 cents. Quarterly sales of $3.185 billion missed the Street view of $3 ...