India, Aug. 27 -- Branded food company Hormel Foods Corp. (HRL), while reporting weak profit and net sales in its third quarter with lower volume, on Thursday announced a revision in fiscal 2026 outlook. Earnings, on a reported basis, and net sales have been lowered from previous estimate, while it raised the lower end of adjusted earnings view.
In pre-market activity on the NYSE, HRL shares were trading 0.95 percent lower at $23.47.
Jeff Ettinger, interim chief executive officer, stated, "With our strong year-to-date performance and continued opportunities ahead, we are raising and narrowing our adjusted earnings outlook for fiscal 2026 and remain confident in delivering adjusted earnings growth for the year consistent with, or above, ou...