1232 ET - Despite Hormel Foods' previous guidance that pork commodity costs would stay flat, input prices for pork have been down year over year, say BNP Paribas analysts. They raised their 3Q and 4Q adjusted earnings per share estimates for the food processing company, though they anticipate the decline in pork costs would be more impactful in 4Q than 3Q. The firm attributes the favorable pork commodity costs to improved supply and softer demand, as bacon dollar sales and volumes decline across the U.S. (grace.yoon@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 12:32 ET (16:32 GMT)
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