Hormel Foods Corp
HRL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.m> | LOCK|lG>!^ | LOCK|%bPZ@^H |
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.
