Hormel Foods Reports Third Quarter Results and Updates Full Year Earnings Guidance Range
Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2021. All comparisons are to the third quarter of fiscal 2020 unless otherwise noted.
EXECUTIVE SUMMARY – THIRD QUARTER
- Volume of 1.2 billion lbs., up 1%; organic volume1 down 2%- Record net sales of $2.9 billion, up 20%; organic net sales1 up 14%- Net sales growth from all four segments and all four sales channels- Net sales up 25% compared to 2019 pre-pandemic levels- Operating income of...
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