Hormel Foods' Q3 Earnings Cook, But Revenue Misses The Plate
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 (HRL) Presents Barclays 17th Annual Global Consumer Staples Conference (Transcript)
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 Stock Drops After Food Maker Cuts Its Outlook
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 (HRL) Q3 2024 Earnings Call Transcript
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.
HRL's Q3 Earnings Top, Sales Decline on Weak Commodity Markets
Hormel Foods' third-quarter fiscal 2024 results reflect lower sales and earnings amid weaker-than-expected commodity markets. Management cuts fiscal 2024 view.
Hormel Foods shares slide as lower prices, production issues weigh on quarterly sales
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%.
Why Hormel Foods Stock Got Knocked Down Today
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.
Compared to Estimates, Hormel (HRL) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Hormel (HRL) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hormel Foods (HRL) Q3 Earnings Beat Estimates
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.
Hormel Foods' earnings dinged by continued pressure on whole-bird turkey prices
Austin, Minn.-based Hormel has been beset by lower prices for whole bird turkeys this year, as well as a production interruption at a Planters facility in Virginia and lower center-store and contract manufacturing volumes.
How To Earn $500 A Month From Hormel Foods Stock Ahead Of Q3 Earnings Report
Hormel Foods Corporation HRL is set to release earnings results for its third quarter, after the closing bell on Wednesday, Sept. 4.
Hormel Foods' Q3 Earnings Coming Up: What Awaits HRL Stock?
Hormel Foods' Q3 results are likely to reflect high SG&A costs. The International unit is likely to have been under pressure, while the Foodservice unit looks good.
