Exploring the Key Quarterly Highlights from Hormel's Q2 2024 Financial Results

Thursday, 30 May 2024, 10:45
The post delves into Hormel Foods Corporation's second quarter 2024 earnings, revealing a 3% decrease in net sales year-over-year to $2.89 billion. Net earnings attributed to the corporation stood at $189.2 million, $0.34 per share, contrasting with the previous year's $217.2 million, or $0.40 per share. Adjusted EPS was reported at $0.38 for the period. The analysis sheds light on the financial performance of Hormel in Q2 2024 and its implications.
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Exploring the Key Quarterly Highlights from Hormel's Q2 2024 Financial Results

Hormel Q2 2024 Earnings Analysis

Financial Performance Overview

  • Net sales dropped by 3% to $2.89 billion.
  • Net earnings for Hormel were $189.2 million, equating to $0.34 per share.
  • Adjusted EPS stood at $0.38 for the quarter.

The analysis provides insights into Hormel Foods Corporation's financial results for Q2 2024, highlighting the decrease in sales and the earnings per share variance compared to the prior year.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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