Hormel Foods Corporation (HRL)
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.
Anheuser-Busch InBev: 1 Of 3 Bullish Defensive Plays (Technical Analysis)
HRL, SWBI, and BUD exhibit bullish setups. Elliott Wave Theory with Fibonacci Pinball is used to project price movements and offer structured trading scenarios. HRL, SWBI, and BUD charts show bullish formations, with specific risk levels and targets identified.
Hormel (HRL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Besides Wall Street's top -and-bottom-line estimates for Hormel (HRL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
Hormel Foods: How Good Is The Dividend Profile, And Is It A Good Buy Now?
We examine Hormel Foods' dividend profile through different lenses and find that it is one of the more well-rounded dividend options in the packaged food space. HRL's modernisation and transformation initiatives are expected to drive meaningful progress on the operating leverage front through FY26. The forward P/E multiple looks cheap relative to historical averages, and the stock could also work as a useful hedge, given its low beta.
Hormel (HRL) Upgraded to Buy: Here's Why
Hormel (HRL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
