HRL - Hormel reverses early gains shares weighed down by retail volume declines
2024-05-30 10:21:29 ET
Hormel ( NYSE: HRL ) shares have surrendered modest premarket gains and are dropping in regular trade as Wall Street digests FQ2 results and the notable miss in volume relative to what Wall Street was expecting. The results also included declines in net sales, operating income and an operating margin of 8.7%, down from 9.9% a year ago. ...
Hormel reverses early gains, shares weighed down by retail volume declines