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Business > Foreign Business
Hormel Foods cuts annual sales forecast on lower turkey prices
By Reuters
Sep 05, 2024 12:10 am
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.

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