Hormel Foods (HRL) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.41 per share a year ago.
Skippy peanut butter maker Hormel Foods on Thursday missed first-quarter profit estimates, hurt by higher input costs and the persistent effects of a supply issue at its Planters brand's distribution facility from last year.
The company said it continues to “recover from the snack nuts supply disruption” that impacted Planters nuts.
HRL's Q1 results are likely to show negative effects from the production disruption at its Suffolk facility, along with rising advertising expenses.
Evaluate the expected performance of Hormel (HRL) for the quarter ended January 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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.
I am upgrading Hormel Foods from a sell to a hold after a 35% decline over 27 months, despite ongoing market challenges. Hormel's dividend yield has climbed above 4%, supported by sufficient free cash flow, though valuation remains unappealing with modest EPS growth expected. Key risks include volatility in turkey and pork markets, geopolitical risks, and ongoing issues with the Planters brand, despite increased advertising investments.
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Hormel Foods (HRL) CEO James Snee plans to retire at the end of fiscal 2025, the company said Tuesday.
Hormel Foods said on Tuesday its CEO, James Snee, is set to retire at the end of 2025, after leading the company for nearly nine years.
The market is still near all-time highs, but that doesn't mean you can't find some stocks that investors have been placed on the sale rack. High-yielding Vici Properties (VICI -1.44%) is down nearly 15% from its 52-week high, as are Dividend Kings Coca-Cola (KO 1.43%) and Hormel Foods (HRL 1.00%).
When I look at my brokerage account, there is one stock that stands out as particularly disappointing performance-wise: Hormel Foods (HRL -1.25%). And yet, I haven't once thought of jettisoning it from my portfolio.