May 30 (Reuters) – Hormel Foods (HRL.N), opens new tab beat market expectations for second-quarter profit on Thursday and raised the lower end of its full-year earnings as the Wholly dips maker sees steady demand for higher-priced meat products.
The Spam brand owner expects an annual adjusted earnings per share in the range of $1.55 to $1.65, compared with its prior forecast of $1.51 to $1.65. Analysts on average were expecting a profit of $1.58 per share.
Source: REUTER
