Hormel's shares were down about 5 percent in premarket trading. The company also missed market expectations for third-quarter sales and narrowed its annual adjusted profit target.
Lower commodity prices for high-volume export products such as turkey and fresh pork have weighed significantly on Hormel's business.
Register to read this story and more for free.
Signing up for an account helps us improve your browsing experience.
ContinueOR
See our subscription options.
Already have an account? Log in here