Hormel Foods Reports Record Fourth Quarter And Fiscal 2018 Earnings; Provides Fiscal 2019 Outlook
Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the fourth quarter of fiscal 2018. All comparisons are to the fourth quarter of fiscal 2017 unless otherwise noted.
EXECUTIVE SUMMARY - FISCAL 2018
Record diluted earnings per share of $1.86, up 18% from 2017 EPS of $1.57 Excluding a non-cash impairment, adjusted diluted earnings per share1 of $1.89, up 20% Record cash flow from operations of $1.24 billion, up 2...