Hormel narrows profit forecast amid weak demand Supply chain woes and high prices hit sales volumes30 May 2025 30 May 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaHormel Foods tightened its annual profit forecast towards the lower end on Thursday, as the Skippy peanut butter maker struggles with supply chain issues and weak demand that may counter the benefits of its price hikes, reported Reuters. Like peer Tyson Foods, Hormel took consecutive price hikes in the past to protect its margins from persistently high commodity prices, as well as supply chain disruptions caused by bird flu. Earlier this month, Tyson Foods saw weaker demand for its products including beef, despite beating profit estimates during its latest earnings. The company expects annual organic net sales to grow in the range of 2% to 3%, compared with prior forecast of 1% to 3% growth. On an adjusted basis, it earned quarterly profit of 35 cents per share, compared with analysts' estimates of 34 cents per share.