Hormel Foods tops quarterly estimates on strong demand for protein-rich foods - BNN Bloomberg
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Article Excerpt
Skippy peanut butter maker Hormel Foods HRL.N beat second-quarter sales and profit estimates on Thursday, helped by strong demand for its chicken and turkey products.
Shares of the company, which reiterated its annual targets, rose about 8 per cent in premarket trading.
Persistent inflation and tariff-related volatility have led U.S. shoppers to stock up on pantry staples to cook meals at home rather than spend on expensive dine-outs, boosting sales for Hormel’s products.
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With its range of protein-rich meats and snacks, the company has also benefited fro…
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