Hormel Foods recently disclosed that transactions related to its turkey business are expected to reduce the company’s annual sales by approximately $50 million.
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However, the company emphasized that this change will have a very limited impact on the expected adjusted earnings per share. The decline in sales revenue resulting from this transaction was already anticipated by the company, and management stated that the adjusted earnings per share target will remain largely unaffected. This reflects the strategic adjustment of the company's business portfolio and its solid control over overall profitability.
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