Shares of Hormel Foods Corporation (NYSE: HRL) saw an increase on Thursday following the release of their fourth-quarter results. The company outperformed profit expectations from Wall Street but fell short on revenue. They provided a positive outlook for the upcoming year in terms of earnings and sales, showcasing confidence in their turnaround efforts despite facing ongoing cost pressures. In the fourth quarter, the company reported adjusted earnings per share of 32 cents, surpassing the expected 30 cents. However, quarterly sales of $3.185 billion were below the anticipated $3.228 billion. Hormel reported operating income of $2 million and adjusted operating income of $245 million, resulting in an operating margin of 0.1% and an adjusted operating margin of 7.7%. The results were impacted by $234 million in non-cash expenses.