Hormel misses quarterly sales estimates on weak retail demand

Core Viewpoint - Hormel Foods, the maker of Skippy peanut butter, missed quarterly sales estimates, indicating a shift in U.S. consumer behavior towards cheaper alternatives due to economic uncertainty [1] Company Summary - Hormel Foods reported lower-than-expected sales for the quarter, reflecting challenges in maintaining market share amid changing consumer preferences [1] Industry Summary - The food industry is experiencing a trend where consumers are opting for more affordable products, which may impact premium brands like Hormel Foods [1]