BUZZ-Hormel Foods up after quarterly sales, profit beat

Hormel Foods Corporation

Hormel Foods Corporation

HRL

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** Shares of Skippy peanut butter maker Hormel Foods HRL.N up 7% at $22.56 premarket

** Co beats Q2 sales and profit estimates, helped by sustained demand for its turkey and chicken products

** Reports quarterly net sales of $2.97 billion vs analysts' estimates of $2.95 billion, according to data compiled by LSEG

** Logs adjusted EPS of 40 cents, beating expectations of 36 cents

** Co reaffirms FY2026 net sales and adjusted EPS forecast

** As of last close, HRL down about 12% YTD


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