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Hormel Foods Reports Second Quarter Results And Reaffirms Full Year Earnings Guidance The company delivers record first half sales and increases full year sales guidance News provided by Share this article Share this article AUSTIN, Minn., May 20, 2021 /PRNewswire/  Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2021. All comparisons are to the second quarter of fiscal 2020 unless otherwise noted. EXECUTIVE SUMMARY - SECOND QUARTER Record net sales of $2.6 billion, up 8% Pretax earnings of $293 million, up 2% Operating margin of 11.1%, compared to 12.1% last year Effective tax rate of 22.1%, compared to 20.6% last year

United statesJim sneeNathan annisHormel foodsHormel foods corporationJennieo turkeyNet earnings attributable to hormel foods corporationInternational otherEffect of exchange rate changes on cashSales guidanceSales percent changeProject orionFoods corporationCorporate responsibility magazineInvestment incomeNet earnings