Tag: $Hormel Foods

Hormel Foods Expands Further Into Proteins With $1.06 Billion Acquisition Hormel Foods won’t just be about making turkey and canned lunch meat Spam anymore.

Skippy peanut butter maker Hormel Foods forecast lower-than-expected profit for the ongoing quarter on Thursday, after missing third-quarter earnings estimates on higher commodity costs, sending its shares down about 7% in premarket trading.

Skippy peanut butter maker Hormel Foods on Thursday missed first-quarter profit estimates, hurt by higher input costs and the persistent effects of a supply issue at its Planters brand’s distribution facility from last year.