021118 Hormel “Comfortable” With 4Q EstimateNovember 15, 2002Austin, MN - Hormel Foods Corporation said that it is comfortable with the Thomson/First Call consensus estimate for the company's earnings per share of $.48 for the fiscal fourth quarter ended October 26, 2002. The company provided earnings per share guidance of $.44 to $.55 for the fiscal 2002 fourth quarter on August 15, 2002. "The strength of our many value-added brands contributed to solid margin performance in the fourth quarter, despite the pressures related to the oversupply of protein inventories and higher grain prices," said Joel W. Johnson, chairman of the board, president and chief executive officer.
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