HRL Stock Recent News

AUSTIN, Minn. , Sept. 23, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Debbra Schoneman, president of Piper Sandler Companies, has been elected to the Hormel Foods Board of Directors, effective September 21, 2024.

So much flavor, so little prep time ORANGE, Calif. , Sept. 12, 2024 /PRNewswire/ -- Over the years, guacamole has become a staple for restaurants — as an appetizer, topper and versatile ingredient used on sandwiches, burgers and Mexican dishes.

Hormel Foods Co. (NYSE: HRL) is a global branded food company in the consumer staples sector. Its shelf-stable, refrigerated meat and poultry food products are stocked across supermarkets, convenience stores, retailers, commercial kitchens, and food service provider pantries.

Hormel Foods Corporation's recent fiscal Q3 earnings beat expectations by a penny, but revenue fell short by $65M, highlighting slow earnings growth and underperformance relative to the S&P 500. Despite international profit gains and a promising “transform and modernize” plan, Hormel faces ongoing challenges with turkey and commodity costs, impacting overall growth. Hormel's valuation and slow earnings growth make it a less attractive buy, even with a solid dividend yield and strong cash flow management.

Hormel Foods Corporation (NYSE:HRL ) Barclays 17th Annual Global Consumer Staples Conference September 5, 2024 9:45 AM ET Company Participants Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Unidentified Analyst Said - well it works. Good morning.

Hormel Foods (HRL) shares sank as the food company's sales fell and it cut its outlook on lower prices and factory disruptions.

Hormel Foods Corporation (NYSE:HRL ) Q3 2024 Earnings Conference Call September 4, 2024 9:00 AM ET Company Participants Jess Blomberg - Media Relations Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Benjamin Theurer - Barclays Bank Kenneth Goldman - JPMorgan Chase Peter Galbo - Bank of America Rupesh Parikh - Oppenheimer Michael Lavery - Piper Sandler Heather Jones - Heather Jones Research Adam Samuelson - Goldman Sachs Operator Good morning, ladies and gentlemen, and welcome to the Hormel Foods Corporation Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.

Hormel Foods Corp (NYSE:HRL) shares fell after the branded food firm's quarterly sales took a hit from lower prices and a production disruption at its Virginia facility. For the fiscal third quarter which ended on July 28, 2024, the maker of Skippy peanut butter, Wholly guacamole and SPAM lunchmeat reported revenue of $2.9 billion, missing Street estimates by 2%.

Hormel's sales are down more than analysts expected. The company's dividend yield is near an all-time high, which suggests that investors don't have enough confidence to buy shares right now.

Hormel Foods (HRL) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.40 per share a year ago.