Jim Cramer recently discussed Hormel Foods Corporation (NYSE:HRL) as one of the fresh stocks on his radar. The company primarily sells meat products and has seen its shares drop 18% year-to-date due to high meat prices in the US. Analysts were expecting higher revenue and EPS in the fiscal third-quarter earnings report.

Hormel Foods Corporation (NYSE:HRL) management addressed pricing issues during an earnings call, stating they expect top-line growth in the fourth quarter. They announced inflation-based pricing actions and anticipate fourth-quarter adjusted EPS to be in the range of $0.38 to $0.40. Commodity markets have remained elevated, prompting assessment of additional pricing actions.

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Read more at Yahoo Finance: Hormel Foods Corporation (HRL) Just Has “Zero Pricing Power,” Says Jim Cramer