Hormel Foods (HRL) Looks Appetizing on Foodservice Demand

Hormel Foods Corporation (HRL) is reaping benefits from the growing demand for Foodservice products. The leading food company has been strengthening its business on the back of strategic acquisitions. The company’s focus on its six strategic priorities is noteworthy. These factors boosted first-quarter fiscal 2024 results, with the top and the bottom line increasing year over year and surpassing the Zacks Consensus Estimate.Management expects fiscal 2024 sales growth of 1-3%, backed by volume increases in c ...