AUSTIN, Minn. – Hormel Foods revised its earnings guidance ahead of the company’s Investor Day presentation today.
The company’s new outlook for fiscal 2019 profit is $1.76 - $1.80 per share compared with $1.71 - $1.85 per share the company previously advised. The company plans to provide more details of its fourth quarter results and outlook for fiscal 2020 during an earnings call on Nov. 26.
The company’s Investor Day presentation at the New York Stock Exchange featured Jim Snee, chairman, president and CEO, and Jim Sheehan, executive vice president and chief financial officer along with nine other Hormel executives. Snee outlined the company’s 2020 Path Forward which is a set of six strategic initiatives to achieve key results.