Hormel (HRL) Forecasts Continued Momentum in Foodservice Business for Fiscal Year 2024

Thursday, 29 February 2024, 18:02
Hormel (HRL) experienced a significant rise in shares following better-than-expected earnings in Q1 2024. The company remains optimistic about the future, reaffirming its outlook for the upcoming fiscal year. Investors can expect Hormel to sustain its growth trajectory in the foodservice sector throughout 2024.
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Hormel (HRL) Forecasts Continued Momentum in Foodservice Business for Fiscal Year 2024

Hormel (HRL) Forecasts Continued Momentum

Shares of Hormel Foods Corporation (NYSE: HRL) soared over 13% on Thursday after the company delivered better-than-expected earnings results for the first quarter of 2024 and reaffirmed its outlook.

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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