=Hormel Foods (HRL) reported earnings on Tue 20 Nov 2018 (b/o)

Hormel Foods beats by $0.03, misses on revs; guides FY19 EPS in-line, revs in-line; increases dividend

• Reports Q4 (Oct) earnings of $0.51 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.48; revenues rose 1.3% year/year to $2.52 bln vs the $2.57 bln S&P Capital IQ Consensus.
• Volume of 1.27 billion lbs., down 1%; organic volume down 3%
• Co increases annual dividend to $0.84/share from $0.75/share
• Co issues in-line guidance for FY19, sees EPS of $1.77-1.91 vs. $1.84 S&P Capital IQ Consensus; sees FY19 revs of $9.7-10.2 bln vs. $9.88 bln S&P Capital IQ Consensus.