Profile
Sector:
Consumer DefensiveIndustry:
Packaged FoodsCountry:
United StatesIPO:
17 March 1980Website:
http://www.hormelfoods.comNext earnings report:
30 August 2024Last dividends:
12 April 2024Next dividends:
15 July 2024Price
after hours | Wed, 03 Jul 2024 20:52:57 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
HRL Latest News
From acting in national TV ads to musical theatre and public-relations events, this trio of nutty brand ambassadors is set to hit the streets and 'shell-ebrate' with their peanut-loving fans AUSTIN, Minn. , June 18, 2024 /PRNewswire/ -- Then there were three!
Hormel Foods Corporation released quarterly results, financial performance analysis, and near-/mid-term expectations. Stock price underperformed market, driven by declining volumes, net sales, operating income, and EPS. Retail segment struggles, Foodservice segment performs well, International segment shows decline. Limited upside potential.
Consumer staples companies tend to be more stable, offering products that consumers buy frequently. Dividend King Hormel Foods is facing a number of headwinds, but it's soldiering on.
LOS ANGELES--(BUSINESS WIRE)--The LA Galaxy (MLS) and their stadium, Dignity Health Sports Park, announced a partnership with HERDEZ® salsa, Mexico's top brand and MegaMex Foods.
Hormel Foods Corporation's stock dropped sharply after the latest results. There were definitely some new negatives there. But the longer journey from Bubblicious valuations is what is driving the stock, and that is about two-thirds of the way through.
May was a month of haves and have-nots. The markets reached all-time highs, defying the skeptics.
Hormel Foods Corporation NYSE: HRL stock investors are living the expression that what goes up must come down. HRL stock is down 8.8% in midday trading after the company posted mixed earnings.
Hormel Foods' (HRL) second-quarter fiscal 2024 results reflect strength in its Foodservice business and improvement in the International unit. However, sales and volumes decline year over year.
Although the revenue and EPS for Hormel (HRL) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Shares of Hormel Foods Corp. HRL, -1.73% headed 2.6% higher in premarket trading Thursday, after the food company, which has brands including Skippy, Spam, Dinty Moore and La Victoria, beat fiscal second-quarter profit expectations and raised its full-year outlook, even as sales fell shy. Net income for the quarter to April 28 declined to $189.3 million, or 34 cents a share, from $217.2 million, or 40 cents a share, in the year-ago period.
What type of business is Hormel Foods?
Hormel Foods Corporation is an American food industry company headquartered in Austin, Minnesota, founded in 1891. It specializes in the production of various meat and food products. The company's brands include Skippy peanut butter, SPAM meat, Dinty Moore stewed meat, Wholly Guacamole sauces, Jennie-O turkey, and numerous meat products under the Hormel brand. Hormel Foods Corporation has a significant customer base. In the US, distribution is carried out in all 50 states. At the international level, the company sells its products through its international subsidiary Hormel Foods in Australia, Brazil, Canada, China, Japan, and the Philippines.
What sector is Hormel Foods in?
Hormel Foods is in the Consumer Defensive sector
What industry is Hormel Foods in?
Hormel Foods is in the Packaged Foods industry
What country is Hormel Foods from?
Hormel Foods is headquartered in United States
When did Hormel Foods go public?
Hormel Foods initial public offering (IPO) was on 17 March 1980
What is Hormel Foods website?
https://www.hormelfoods.com
Is Hormel Foods in the S&P 500?
Yes, Hormel Foods is included in the S&P 500 index
Is Hormel Foods in the NASDAQ 100?
No, Hormel Foods is not included in the NASDAQ 100 index
Is Hormel Foods in the Dow Jones?
No, Hormel Foods is not included in the Dow Jones index
When does Hormel Foods report earnings?
The next expected earnings date for Hormel Foods is 30 August 2024