Hormel: A Potential Buy Despite Post-Earnings Decline
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 Corporation (HRL) Q2 2024 Earnings Call Transcript
Hormel Foods Corporation (NYSE:HRL ) Q2 2024 Earnings Conference Call May 30, 2024 9:00 AM ET Company Participants David Dahlstrom - Director of Investor Relations Jim Snee - Chairman, President and Chief Executive Officer Jacinth Smiley - Executive Vice President and Chief Financial Officer Deanna Brady - Executive Vice President of Retail Conference Call Participants Kenneth Goldman - JPMorgan Chase & Co. Peter Galbo - Bank of America Merrill Lynch Rupesh Parikh - Oppenheimer Michael Lavery - Piper Sandler Adam Samuelson - Goldman Sachs Tom Palmer - Citi Benjamin Theurer - Barclays Bank PLC Heather Jones - Heather Jones Research Operator Good morning, ladies and gentlemen, and welcome to the Hormel Foods Corporation Second Quarter Earnings Conference Call. At this time, all lines are in a listen-only mode.
Hormel Foods (HRL) Q2 Earnings Top Estimates, Volumes Down
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.
Compared to Estimates, Hormel (HRL) Q2 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 April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hormel Foods (HRL) Q2 Earnings Beat Estimates
Hormel Foods (HRL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago.
Hormel Foods posts Q2 profit beat on demand for higher-priced meats
Hormel Foods beat market expectations for second-quarter profit on Thursday and raised the lower end of its full-year earnings as the Wholly dips maker sees steady demand for higher-priced meat products.
Hormel's stock rallies after profit beat and raised outlook, as foodservices sales rose while retail declined
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.
Hormel Foods (HRL) Gears Up for Q2 Earnings: Is a Beat Likely?
Hormel Foods' (HRL) second-quarter results are likely to reflect gains from strategic priorities and strength in the Foodservice business, while advertising costs are expected to escalate.
Countdown to Hormel (HRL) Q2 Earnings: Wall Street Forecasts for Key Metrics
Get a deeper insight into the potential performance of Hormel (HRL) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Hormel Foods (HRL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Hormel (HRL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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