Hormel foods reports q3 eps of $0.37

Hormel foods reports third quarter results.hormel foods corp - qtrly diluted earnings per share of $0.37.hormel foods corp- qtrly net sales of $2.4 billion, up 4%; organic net sales up 2%.hormel foods corp- qtrly volume of 1.2 billion lbs., up 4%; organic volume up 3%.hormel foods corp - expect q4 to mirror many of dynamics we saw in q3.hormel foods corp - qtrly jennie-o turkey store volume down 9%.hormel foods corp- qtrly grocery products volume up 6%.hormel foods corp - qtrly jennie-o turkey store net sales down 4%.hormel foods corp- qtrly grocery products net sales up 7%.hormel foods - increased demand, covid-19 impact of in manufacturing facilities forced supply chain to find alternate solutions to increase production.hormel foods corp - in q4, expect factors such as limited labor availability, production inefficiencies due to covid-19 safety measures.hormel foods corp- qtrly international & other volume down 5%.hormel foods corp- qtrly international & other net sales up 2%.hormel foods corp - target for capital expenditures in fiscal 2020 is $350 million.
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