Hormel Sales Fall Short as Consumers Trade Down; EPS Beats Expectations
Hormel Foods reported quarterly sales that missed analyst estimates amid U.S. shoppers shifting to lower-cost options. The company raised prices in fiscal 2025 to offset rising commodity costs, but first-quarter retail volumes fell sharply. Hormel reaffirmed its full-year sales and adjusted EPS outlooks and said the recent sale of its whole-bird tu…