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Hormel Foods' Preliminary Q1 Adjusted Earnings Projections Beat Estimates; Sells Minnesota Turkey Assets to Life-Science Innovations
Hormel Foods announced preliminary adjusted earnings projections for Q1 2026 that exceeded analyst estimates. Concurrently, the company has entered a definitive agreement to sell its Minnesota turkey assets, which include its whole-bird turkey business, to Life-Science Innovations. This strategic move aligns with Hormel’s portfolio management and financial performance expectations.