Hormel Foods recasts historical segment data to reflect new three-segment structure effective Q1 FY2023

HORMEL FOODS CORP /DE/

New reportable segments: Retail, Foodservice, International; replaces prior four-segment structure.
Recast unaudited data for FY2021 and FY2022 provided; no impact on previously reported consolidated results.
Retail segment includes MegaMex Foods joint venture; International includes international JVs and royalties.
Historical segment profit and net sales recast for comparability; chief operating decision maker uses new segments.

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