Hormel Foods’s share of pre-conference trading rose 1.1% as the food company announced sales for the fourth quarter that exceeded estimates for a new record. Net income was $ 281.7 million, or 51 cents a share, up from $ 234.4 million, or 43 cents a year, a year earlier. Sales of $ 3.455 billion increased […]
Tag: Hormel Foods Corp
Kraft Heinz Sells Nuts Business To Hormel Foods For $3.35 Billion
Kraft Heinz is selling its nuts business, Planters, to Hormel Foods Corp in an all-cash deal of $3.35 billion as the company trims underperforming brands to focus more on successful brands. For Hormel, the addition will bolster its existing snack portfolio at a time when people are consuming more at home.
ViacomCBS, E-Trade, Zillow, IMAX & more
Take a look at some of the biggest movers in the premarket: ViacomCBS (VIAC) – In its first earnings report since the merger of Viacom and CBS was completed in December, the company reported quarterly earnings of 97 cents per share, below the consensus estimate of $1.44 a share. Revenue was also below Wall Street […]