Hormel Foods Stock Surges on Positive Outlook

Hormel Foods stock surged by over three percent today, following an optimistic financial outlook for fiscal year 2026. Despite slightly missing third-quarter revenue predictions, adjusted earnings beat expectations. The company forecasts adjusted earnings between $1.43 and $1.51 per share and revenues between $12.2 billion and $12.5 billion. This positive outlook, coupled with a significant stock increase, offers hope for investors, as the stock has been volatile in the past year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.