Hormel Foods' Foodservice division is introducing a new trendy topping called hot honey at the International Pizza Expo later this month. This sweet and spicy topping has become increasingly popular among pizza makers, with many restaurants adding it to their menus.
Hormel Foods Corporation (NYSE:HRL) will hold its Q1 2025 Earnings Conference Call on February 27, 2025, at 9:30 AM ET. The call will feature company representatives including Jess Blomberg, Jim Snee, Jacinth Smiley, and John Ghingo. Various analysts from different financial institutions will also participate in the call.
Hormel Foods (HRL) reported quarterly earnings of $0.35 per share, which is lower than the Zacks Consensus Estimate of $0.37 per share. This is a decrease compared to earnings of $0.41 per share from the same period last year.
The company announced that it is still working to "recover from the supply issues with snack nuts" that affected Planters nuts.
Hormel Foods Corporation, a well-known global food company, announced its first-quarter results for fiscal 2025, which concluded on January 26, 2025. The company highlighted that its Value-Added Portfolio has contributed to strong sales performance. Additionally, Hormel reaffirmed its expectations for net sales and adjusted diluted earnings per share for fiscal 2025.
HRL's financial results for the first quarter of fiscal 2025 show a decrease in both net sales and earnings compared to the previous year. There was a 4.2% drop in volumes.
I am changing my recommendation for Hormel Foods from a sell to a hold after a 35% drop over the past 27 months, even with the current market difficulties. The company's dividend yield has risen above 4%, backed by enough free cash flow, but its valuation still looks unattractive with only slight growth in earnings per share anticipated. Major risks include fluctuations in the turkey and pork markets, geopolitical issues, and ongoing challenges with the Planters brand, despite higher spending on advertising.
AUSTIN, Minn., Feb. 4, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a well-known global food company, is inviting those interested to join a webcast and conference call. The call will feature Jim Snee, the president and CEO; Jacinth Smiley, the executive vice president and CFO; and John Ghingo, the executive vice president of Retail, who will talk about the company's financial results for the first quarter.
Lynn Egner will take on the position of Vice President of Foodservice sales, while Natosha Walsh will become Vice President of Retail sales for the West region. Hormel Foods Corporation, a well-known global food company, shared this news on February 3, 2025. These changes are part of the company's strategy for its Retail and Foodservice divisions.
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