Earnings OutlookThe FY25 financial outlook includes lower EPS estimate to reflect higher interest expense, lower interest/investment income, and higher tax.
Financial PerformanceAll three segments should post year-over-year profit declines driven by tough snack nuts comparisons, higher raw material costs, and softness in Brazil.
Supply Chain IssuesContinued pressures in the Turkey supply chain and a slower-than-anticipated Planters recovery weighed on HRL's results.