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Hormel Foods Announces Record Third Quarter Results And Reaffirms Fiscal 2018 Earnings Guidance

Record diluted earnings per share of $0.39, up 15% from 2017 EPS of $0.34. Fiscal 2018 earnings guidance reaffirmed at $1.81 to $1.95 per share. Record net sales of $2.4 billion, up 7%; organic net sales1 flat. Volume of 1.2 billion lbs., up 5%; organic volume1 up 1%. Operating margin of 11.1% compared to 12.7% last year.

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