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Hormel Foods hikes fiscal year outlook after a strong Q3

Posted Aug 10th 2009 10:40AM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Good news, Hormel Foods (HRL)

Hormel Foods Corp. (NYSE: HRL) pleased Wall Street this morning with an upwardly revised 2009 forecast. Thanks to a strong third-quarter performance from its Jennie-O turkey unit, along with solid results in its refrigerated foods and grocery products divisions, Hormel now expects fiscal 2009 earnings of $2.36 to $2.42 per share.

"We also benefited from better investment performance in our rabbi trust," commented Chairman, President, and CEO Jeffrey M. Ettinger in a company release.

Continue reading Hormel Foods hikes fiscal year outlook after a strong Q3

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