Hormel Foods Q1 EPS Seen Falling 5.7% to $0.33 on $3.06B Revenue
Analysts expect Hormel Foods to deliver Q1 earnings of $0.33 per share, a 5.7% year-over-year decline, on revenue of $3.06 billion, up 2.4%. Retail sales are expected at $1.94 billion (+2.5%), foodservice sales at $981.6 million (+5.5%) and segment profits forecast at $137.3 million (foodservice), $106.8 million (retail) and $21.7 million (international).
1. Q1 Earnings and Revenue Projections
Hormel Foods is forecast to report Q1 EPS of $0.33, down 5.7% year-over-year, on revenue of $3.06 billion, a 2.4% increase. The consensus EPS estimate has remained unchanged over the past 30 days, reflecting stable analyst expectations ahead of the release.
2. Sales and Segment Profit Forecasts
Wall Street projects Q1 net retail sales of $1.94 billion (+2.5%), net foodservice sales of $981.56 million (+5.5%) and international net sales of $179.2 million (+6.4%). Segment profit estimates stand at $137.30 million for foodservice, $106.80 million for retail and $21.72 million for international.