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Hormel Foods bottom line drops 2% in Q2

Staff Writer | May 25, 2017
Hormel Foods revealed a profit for second quarter that declined compared to the same period last year.
Hormel Foods
Hormel Foods   Bottom line declined to $210.93 million
The company said its bottom line declined to $210.93 million, or $0.39 per share. This was lower than $215.40 million, or $0.40 per share, in last year's second quarter.

The company said revenue for the quarter rose 2.4% to $2.17 billion. This was up from $2.12 billion last year.

Hormel Foods Corp earnings at a glance:

- Earnings (Q2): $210.93 Mln. vs. $215.40 Mln. last year.
- Earnings Decline (Y-o-Y): -2.1%
- EPS (Q2): $0.39 vs. $0.40 last year.
- EPS Decline (Y-o-Y): -2.5%
- Revenue (Q2): $2.17 Bln vs. $2.12 Bln last year.
- Revenue Change (Y-o-Y): 2.4%

- Guidance:

Full year EPS guidance: $1.65 - $1.71.