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Inflation pressure creeps into more food-company earnings reports
Shares of Hormel Foods Corp. and Sanderson Farms Inc. fell more than 4% Thursday after their quarterly earnings came in short of expectations with both highlighting the inflationary pressures that have weighed on many food companies this season. Sanderson Farms’ stock(SAFM)was down 4.8% and is down about 27% on the year.
https://finance.yahoo.com/m/da547dd...af10/inflation-pressure-creeps.html?.tsrc=rss
Shares of Hormel Foods Corp. and Sanderson Farms Inc. fell more than 4% Thursday after their quarterly earnings came in short of expectations with both highlighting the inflationary pressures that have weighed on many food companies this season. Sanderson Farms’ stock(SAFM)was down 4.8% and is down about 27% on the year.
https://finance.yahoo.com/m/da547dd...af10/inflation-pressure-creeps.html?.tsrc=rss
