Hormel Foods Q3: Sales Up, Profits Down, Outlook Cautious
Markets & Money Today | 2 Min News - A podcast by The Daily News Now! - Sâmbătă
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Hormel's latest earnings are a mixed bag: Sales beat expectations, but profits plunged! Find out why rising pork and beef costs, Planters' slow recovery, and overall inflation are squeezing the iconic food company. Get the inside scoop on Hormel's cautious outlook, surprising wins in ground turkey and China, and their plan to fight back with cost-cutting and brand investments. Will they recover their profit margins, or will inflation keep biting? Hosted on Acast. See acast.com/privacy for more information.
