Hormel Foods Corporation (NYSE:HRL) reported its performance for the fiscal year 2011 third quarter. All comparisons are to the third quarter or first nine months of fiscal 2010. All per share results reported here have been adjusted to give effect to the two-for-one stock split, which was effective February 1, 2011. Diluted EPS of $.36 up 13 percent from diluted EPS of $.32, Segment operating profit up 2 percent. Dollar sales of $1.9 billion, up 10 percent, on flat volume. Grocery Products operating profit up 19 percent; volume up 1 percent; dollar sales up 4 percent.
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(HRL, CMG, MMP, CLNO) Stock under Consideration by CRWEWallStreet.com
September 3rd, 2011 at 11:58 am