Hormel Foods Corporation (NYSE:HRL) shares are trading lower on Wednesday following a revised fiscal year 2024 outlook due to production disruptions. The company reported third-quarter adjusted earnings per share of 37 cents, beating the analyst consensus of 36 cents. Quarterly sales of $2.898 billion (down 2.2%) missed the street view of $2.95 billion. Adjusted operating margin in the quarter under review contracted to 9.2% from 9.7% a year ago. “Many of our key retail brands are growing, outperforming their categories and, most importantly, resonating with our customers and consumers,” saidJ…