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Hormel Foods analyst roundup: JPMorgan downgrades to underweight from neutral, calls fiscal Q1 disappointing as sales dip 2.4% year-over-year; Trapping Value says 11.8% volume drop suggests Hormel successfully raised prices to offset 80% of volume decline

Zacks rates Hormel Foods at sell, as fiscal Q1 results were hurt by inflation, supply chain issues, drab sales volumes; earnings have been under pressure by higher supply chain inefficiencies due to increased inventory levels, softness in snack nuts unit

Food and Beverage snapshot: Hormel reports that its global flavors vertical, which includes MegaMex business, had 'excellent start to the year'; SVP of brand fuel highlights mitigation efforts in manufacturing, procurement to help stabilize avocado supply

Hormel Foods announces launch of new Fontanini Cup & Char Sausage pizza topping for the foodservice industry; the product 'features Italian flavors and uniquely crispy, caramelized edges'

Hormel reports strong demand for Herdez products in Q1; company to grow cultural foods portfolio, as MegaMex brand grew, maintained dollar, volume share in salsa, refrigerated guacamole categories with Herdez, WHOLLY, CHI-CHI'S and La Victoria brands

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