Hormel Foods reports Q2 adjusted EPS 35c, consensus 34c

Reports Q2 revenue $2.9B, consensus $2.9B. “We achieved solid organic top-line growth and delivered second quarter results in line with our expectations,” said Jim Snee, president and chief executive officer. “We anticipate strong second half growth led by our range of consumer-focused, protein-centric products. Notably, we expect meaningful contributions from our turkey portfolio, continued momentum in the Planters brand, growth from our leading positions in the marketplace and ongoing benefits from our Transform and Modernize initiative. In the face of a dynamic environment, we remain confident in our portfolio, our strategy and our team.”