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Restaurants are buying bacon again, Hormel s surprising profit jump shows

Restaurants are buying bacon again, Hormel s surprising profit jump shows Hormel s performance was helped by a turnaround in sales to restaurant and other businesses, a sign that Americans are beginning their postpandemic lifestyles.  May 20, 2021 3:27pm Text size Copy shortlink: The quarterly results for Hormel Foods tell an optimistic story: The pandemic economy is in rapid recovery. The Austin, Minn.,-based food company shocked investors Thursday morning when it beat both sales and earnings estimates, including gains in restaurant sales, and raised its outlook for the rest of the year. Even the headwinds facing Hormel, including inflated commodity prices in corn and pork that are leading the company to raise its customer prices, point to growing demand caused by a rebounding economy.

Hormel Foods Corp (HRL) Q2 2021 Earnings Call Transcript

Hormel Foods Corp (HRL) Q2 2021 Earnings Call Transcript
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Hormel Foods Corporation Second Quarter Earnings Conference Call

Hormel Foods Corporation Second Quarter Earnings Conference Call News provided by Share this article Share this article AUSTIN, Minn., May 3, 2021 /PRNewswire/  Hormel Foods Corporation (NYSE: HRL) invites you to participate in a conference call with Jim Snee, chairman of the board, president and chief executive officer, and Jim Sheehan, executive vice president and chief financial officer, to discuss the company s second quarter financial results. The company will issue its earnings press release before the markets open on Thursday, May 20, 2021, and will host a conference call at 8:00 a.m. CT (9:00 a.m. ET).    WHEN: WEBCAST: To listen to a live webcast of the conference call, go to the company s website, http://www.hormelfoods.com, click on

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