06:58 AM EST, 02/27/2025 (MT Newswires) -- Hormel Foods ( HRL ) reported fiscal Q1 adjusted earnings Thursday of $0.35 per diluted share, down from $0.41 a year earlier.

Analysts polled by FactSet expected $0.38.

Net sales for the fiscal quarter ended Jan. 26 was $2.99 billion, down from $3.00 billion a year earlier. Analysts surveyed by FactSet expected $2.95 billion.

The meat producer reaffirmed its fiscal 2025 adjusted diluted EPS guidance of $1.58 to $1.72. Analysts polled by FactSet expect $1.65.

The company also reaffirmed its net sales outlook for the year of $11.9 billion to $12.2 billion. Analysts surveyed by FactSet expect $12.08 billion.

Shares were up more than 1% in premarket activity.