06:59 AM EDT, 05/30/2024 (MT Newswires) -- Hormel Foods ( HRL ) reported fiscal Q2 adjusted earnings Thursday of $0.38 per diluted share, down from compared with $0.40 per diluted share a year earlier.

Analysts polled by Capital IQ expected $0.36.

Revenue for the quarter ended April 28 was $2.89 billion, down from $2.98 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.97 billion.

The company said it now expects fiscal 2024 adjusted EPS in the range of $1.55 to $1.65, compared with $1.51 to $1.65 previously. Analysts surveyed by Capital IQ expect $1.59. The company said it reaffirms its fiscal 2024 net sales growth outlook of 1% to 3%.

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