Hormel Foods Corp

HRL: XNYS (USA)
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Hormel Earnings: Price Increases Extend Organic Sales Growth Streak; Shares Undervalued

Hormel posted $3.03 billion in sales and adjusted diluted earnings per share of $0.34 in its fiscal first quarter. Despite an organic sales lift of 2%, adjusted operating margins fell 30 basis points to 8.2% due to higher logistics and input costs, including beef, pork, and nuts.

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