Hormel Foods Stock Plummets: What's Behind the Drop?

Spam maker Hormel Foods plunges as profit warnings spook investors! Find out why shares plummeted 10% after disappointing earnings and a bleak outlook. Higher commodity costs and lower-than-expected sales projections have Hormel scrambling to raise prices and delaying profit recovery until next year. Is this just a blip, or are tougher times ahead for the iconic food brand? Hosted on Acast. See acast.com/privacy for more information.