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Hormel Foods Corporation

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Hormel Foods is boosting its financials through lower input expenses, cost-saving plans and greater operational efficacy. Based on these positives, the company raised its full-year 2016 earnings guidance. Furthermore, Hormel Foods intends to improve its top-line and bottom-line results in the upcoming quarters on the back of strategic acquisitions and innovations. However, benefits from the abovementioned positives might be partially offset by weakening pork markets, persistence of Avian influenza, unfavorable currency movements and stiff competition. Over the last 60 days, the Zacks Consensus Estimate for Hormel Foods has remained unchanged for fiscal 2016 but has been slightly revised downwards for fiscal 2017.

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