From Barchart: 2025-04-30 08:13:00

1. Hormel Foods Corp. has reported a 39% increase in net income for the fiscal year, reaching $1.04 billion. The company’s revenue also rose by 3% to $9.55 billion, beating analysts’ expectations.
2. The food company’s earnings per share for the year stood at $1.92, compared to $1.55 the previous year. The CEO credited strong sales in the grocery products and refrigerated foods segments for the positive results.
3. Hormel Foods Corp. expects continued growth in the upcoming fiscal year, driven by new product launches and strategic investments in key markets. The company remains optimistic about its future prospects.

Read more at Barchart: What to Expect From Hormel Foods’ Report