Hormel foods reports reports q4 earnings per share of $0.47

Hormel foods reports fourth quarter and fiscal 2019 earnings; provides fiscal 2020 outlook.qtrly net sales of $2.50 billion, down 1%; organic net sales up 2%.qtrly diluted earnings per share of $0.47.qtrly volume of 1.24 billion lbs., down 2%; organic volume up 1%.qtrly grocery products volume down 9%.qtrly jennie-o turkey store volume up 5%.qtrly grocery products net sales down 10%.hormel foods - fy outlook assumes higher protein prices, further volatility related to impact from african swine fever, global trade uncertainty.qtrly jennie-o turkey store net sales up 3%.qtrly international & other volume down 14%; organic volume down 13%.qtrly international & other net sales down 12%; organic net sales down 11%.q4 earnings per share view $0.46, revenue view $2.51 billion -- refinitiv ibes data.sees fy 2020 net sales $9.50 billion - $10.30 billion.sees fy 2020 earnings per share $1.69 - $1.83.expect new dry sausage production facility to be operational in early fiscal 2021.fy2020 earnings per share view $1.76, revenue view $9.75 billion -- refinitiv ibes data.hormel foods - "continue to make excellent progress on burke pizza toppings plant expansion and plan to start production in back half of fiscal 2020".hormel foods - q4 international results were below expectations on challenges due to african swine fever, global trade uncertainty.
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