Hormel Foods Corporation (NYSE:HRL)

On August 20, 2009 HRL raised guidance.

Although we are faced with challenges including the weak economy, a continued excess supply of commodity turkey meat, and difficult export markets, our balanced business model, continued strength in our core franchise products, and our very committed team should allow us to deliver an excellent year,” Ettinger concluded

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

"As a result of our better-than-expected first half, we now anticipate full year results in the upper end of our previously announced guidance range of $2.15 to $2.25 per share. Despite potential on-going challenges, which could include continued negative cutout margins, export market issues and commodity cost pressures, we believe our strong portfolio of branded products, with many good value offerings, and the strength of our management team, will lead to a solid performance this year,” concluded Ettinger.

Source: Business Wire (May 21, 2009)

Guidance Report: (Non-China)

Full Year Fiscal 2009 Guidance Ending October

"Although we are on track to meet our goal, we recognize there could be continued challenges to our business as a result of the turbulent economy. We believe our strong consumer franchises, with many good value offerings, and our strong management team should allow us to meet our goals,” concluded Ettinger.

EPS Figures exclude non-operating gains and losses. 

Source: Business Wire (February 19, 2009)