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Reuters

Reuters

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Business & Economics

Hormel Foods misses quarterly profit estimates on higher input costs

Reuters
Summary
Nutrition label

79% Informative

Skippy peanut butter maker Hormel Foods missed first-quarter profit estimates.

Company's sales came in at $2.99 billion , compared with estimates of $ 2.94 billion .

The company reaffirmed its full-year adjusted earnings forecast of $1.58 to $ 1.72 per share.

VR Score

90

Informative language

97

Neutral language

41

Article tone

formal

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English

Language complexity

55

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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