0.99% 0.30

Hormel Foods Corp (HRL)

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Perché le azioni Hormel Foods Corp (HRL) sono in ribasso?

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.

MKC

$72.73

0.25%

SJM

$112.61

0.12%

PPC

$49.16

0.33%

CAG

$22.89

0.97%

CPB

$34.04

0.38%

Hormel Foods Corp (HRL)

Perché le azioni Hormel Foods Corp (HRL) sono in ribasso?

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