Hormel Expects Better Earnings Next Year
Hormel Foods logged higher sales in its fiscal fourth quarter, but the company swung to a loss as profitability remains under pressure due in part to ongoing cost inflation.
Interim Chief Executive Jeff Ettinger on Thursday said the food company behind brands including Planters, Skippy and Spam has taken steps that aim to improve profitability, such as targeted price increases, reductions in administrative expenses and continued modernization investments.
"These efforts are laying a solid foundation for improved earnings performance in fiscal 2026," he said...
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