Hormel manages to eke out a Q4 profit beat and provides a higher forecast (HRL:NYSE)
Hormel (HRL) shares are up after the company reported a Q4 bottom-line beat and issued a full-year profit forecast above expectations, projecting earnings per share growth of 4% to 10%. Despite facing input cost inflation and impairment charges, Hormel expects earnings growth throughout the upcoming year following initial pressure in the first quarter.
https://seekingalpha.com/news/4528494-hormel-manages-to-eke-out-a-q4-profit-beat-and-provides-a-higher-forecast