28.23
price up icon0.41%   0.115
 
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Warum fällt Hormel Foods Corp-Aktie (HRL)?

2023-10-12:

Hormel Foods Corporation Stock (HRL) dropped by 9.83% from $36.23 to $32.67 in the trading on Thursday October 12, 2023. The reasons why HRL stock down today include

  • Long-term forecast: Hormel's goal of adding $250 million in operating income by 2026, or a compound annual growth rate of 5% to 7%, seemed to fall short of investor expectations.
  • Deal with the union: Hormel had renegotiated its contract with the United Food and Commercial Workers International Union to give the largest wage increase in the company's history, at $3 to $6/hour, which seemed to cause HRL stock down today.
packaged_foods MKC
$70.38
price up icon 0.16%
packaged_foods SJM
$109.85
price up icon 1.52%
packaged_foods PPC
$48.86
price up icon 1.95%
packaged_foods SFD
$24.99
price up icon 2.80%
packaged_foods CPB
$32.41
price up icon 0.26%
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