Hormel Foods Corp

HRL: XNYS (USA)
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Hormel: Lowering Fair Value Estimate on Unrelenting and Severe Input Cost Inflation

Hormel Foods announced that it will miss its previously issued fiscal fourth-quarter adjusted EPS guidance ($0.38-$0.40) by $0.08-$0.09. Additionally, Vice President and Controller Paul Kuehneman has replaced CFO Jacinth Smiley on an interim basis.

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