Hormel Foods tops quarterly revenue and profit estimates

Hormel Foods Corporation

Hormel Foods Corporation

HRL

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May 28 (Reuters) - Skippy peanut butter maker Hormel Foods HRL.N beat second-quarter sales and profit estimates on Thursday, helped by strong demand for its chicken and turkey products.

The company posted revenue of $2.97 billion for the quarter ended April 26, above analysts' average estimate of $2.95 billion, according to data compiled by LSEG.

It reported adjusted net income of 40 cents per share, beating expectations of 36 cents per share.


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