Revenue segments as reported by the company.

Retail

Foodservice

International

Grocery Products

Refrigerated Foods

Jennie-O Turkey Store

International & Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, General and Administrative

Goodwill/intangible impairment

Equity in Earnings of Affiliates

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Hormel Foods

Skippy is a brand of peanut butter manufactured in the USA. First sold in 1932, Skippy is currently manufactured by Hormel Foods, which bought the brand from Unilever in 2013.

Skippy

Applegate is a producer of high-quality natural and organic hot dogs, bacon, sausages, deli meats, cheese and frozen products. Products are made without GMO ingredients and sourc meat from farms.

Applegate

Spam is a brand of canned cooked meat made by Hormel Foods Corporation. It was first introduced in 1937 and gained popularity worldwide after its use during World War II. By 2003, Spam is sold in 41 countries on six continents and trademarked in over 100 countries (except in the Middle East and North Africa). In 2012, the eight billionth can of Spam was sold.

Spam

Hormel Foods Corp. engages in the manufacturing and marketing of branded food products. It operates through the following segments: Retail, Foodservice, and International. The Retail segment consists of the processing, marketing, and sale of food products sold predominantly in the retail market. The Foodservice segment includes the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment focuses on processing, marketing, and selling company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hormel Foods reports Q1 challenges, focuses on efficiency and growth

Hormel Foods faced challenges in Q1 2023 due to inflation, supply chain inefficiencies, and lower sales volumes, leading to a reduced earnings outlook for the year.
Despite these challenges, the company is focusing on efficiency improvements, innovation, and capacity expansions to drive growth and profitability.
Opportunities lie in rebounding turkey volumes, addressing inventory issues, and leveraging consumer behavior insights for strategic decision-making.
The new reporting structure aims to enhance clarity and drive results, while efforts are ongoing to navigate market challenges and capitalize on growth prospects.

Hormel Foods reports Q2 challenges, sees growth opportunities ahead

Hormel Foods navigated challenges with inventory and margin improvements, focusing on strategic cash use and cost management.
Despite a decline in net sales, the company saw strong bottom-line growth in foodservice and positive progress in the Planters brand.
Opportunities lie in consumer trends towards premium offerings, balanced business model benefits, and growth in various segments.
Analyst inquiries centered on volume recovery, pricing actions, and the company's outlook for the second half of the year.

Hormel Foods reports solid Q3 performance, eyes growth opportunities

Hormel Foods delivered a strong performance in Q3 2023 with growth in key segments and a focus on addressing challenges.
Management's strategic initiatives aim to drive growth, improve margins, and capitalize on opportunities in the coming year.
Despite challenges, Hormel remains positive about future prospects and is committed to enhancing its market position.

Hormel Foods plans for growth in 2024 amid challenges

Hormel Foods navigated challenges in fiscal 2023 and is poised for improvement in fiscal 2024, focusing on sustainable growth and operational efficiency.
The company's strategic initiatives include investments in supply chain optimization, global expansion, and enhancing snacking brands for long-term success.
Despite facing cost pressures and market challenges, Hormel remains committed to driving growth, reducing costs, and capturing value from investments.
Hormel's outlook for fiscal 2024 includes opportunities for growth in retail, food service, and global markets, supported by strategic investments and operational enhancements.

Hormel Foods excels in Q1 2024, eyes growth through strategic initiatives

Hormel Foods' Q1 2024 results reflect robust performance and strategic focus on growth objectives. The company is optimistic about continued volume growth, margin improvements, and achieving its full-year outlook. Addressing challenges and leveraging opportunities will be key to sustaining momentum.

Hormel Foods reports robust Q2 performance, eyes growth opportunities

Hormel Foods showcased strong financial performance in Q2 2024, driven by growth in foodservice and international segments.
While facing challenges in retail and cost management, the company remains focused on strategic initiatives and long-term growth.
Ongoing pricing discussions, stable turkey outlook, and international market improvements provide avenues for future growth and profitability.
CEO's confidence in the business's direction underscores Hormel's resilience and commitment to delivering shareholder value.

Hormel Foods surpasses Q3 earnings expectations, eyes growth opportunities

Hormel Foods reported strong Q3 performance across key segments, with a positive outlook for the remainder of the year. Despite some challenges in cost management and investment returns, the company remains focused on growth opportunities and financial resilience. Investors can look forward to potential benefits from the ongoing Transform and Modernize initiative.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Hormel Foods' (HRL) fourth-quarter fiscal 2023 results reflect soft sales in the Retail and International segments, whereas Foodservice remains strong. The company is on track with its six strategic priorities.

Hormel Foods (HRL) Q4 Earnings & Sales Lag Estimates, Drop Y/Y

Hormel Foods Corporation (NYSE:HRL ) Q4 2023 Earnings Conference Call November 29, 2023 9:00 AM ET Company Participants David Dahlstrom - Director of Investor Relations Jim Snee - Chairman of the Board, President and Chief Executive Officer Jacinth Smiley - Executive Vice President and Chief Financial Officer Deanna Brady - Executive Vice President, Retail Conference Call Participants Adam Samuelson - Goldman Sachs Rupesh Parikh - Oppenheimer Peter Galbo - Bank of America Michael Lavery - Piper Sandler Ben Bienvenu - Stephens Inc. Ben Theurer - Barclays Operator Good morning, ladies and gentlemen, and welcome to the Hormel Foods Corporation Fourth Quarter Earnings Conference Call. At this time, all lines are in a listen-only mode.

Hormel Foods Corporation (HRL) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Hormel (HRL) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hormel (HRL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Hormel Foods (NYSE:HRL) warned it expects earnings in the first half of the new financial year to fall reflecting weak markets for turkey products.   The maker of Spam and Skippy peanut butter made the prediction as it reported financial fourth quarter sales of $3.20 billion, down from $3.28 billion the year before, with net earnings of $195.5 million, down from $280.0 million.

Hormel Foods sees hit from weak China, lower turkey demand

Company is investing in transformation to accelerate growth as a global branded food company AUSTIN, Minn. , Nov. 29, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported fourth quarter and full-year fiscal 2023 results.

HORMEL FOODS REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2023 RESULTS

Shares of Hormel Foods Corp. HRL rose 1.4% in premarket trading Wednesday, even after the parent of food brands including SPAM, Planters, and Hormel reported fiscal fourth-quarter profit and sales that missed expectations, as pressure in its retail business offset strength in foodservice. Net income for the quarter to Oct. 29 dropped to $195.9 million, or 36 cents a share, from $279.9 million, or 51 cents a share, in the year-ago period.

Hormel misses profit and sales expectations, but the stock gains amid foodservice strength

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In my monthly series of 10 Dividend Growth Stocks, I rank a selection of Dividend Radar stocks and present the 10 top-ranked stocks for further research and possible investment. This month, I'm presenting high-quality stocks with the highest defensiveness scores based on a scoring system developed by David Van Knapp. I ranked candidates by considering, in turn, their Dividend Safety Scores and their Beta measure of volatility.

10 Dividend Growth Stocks For November 2023

Consumers encouraged to make this year's holiday charcuterie board the best one yet HAYWARD, Calif. , Nov. 28, 2023 /PRNewswire/ -- While no one holiday gathering is the same, certain traditional elements are consistent with parties this time of year.

Experts at Columbus Craft Meats Welcome the Holiday Season with Insight on Latest Charcuterie Trends

Hormel Foods' (HRL) fourth-quarter results are likely to reflect the impacts of a volatile consumer and inflationary landscape. Capacity expansion efforts are likely to have aided.

Hormel Foods (HRL) to Post Q4 Earnings: What Awaits the Stock?

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"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive years." - Dogs of the Dow. The 49 Dividend Kings screened as of November 22 represented eight of eleven Morningstar Sectors. Broker targeted-top-ten net-gains ranged 18.52%-38.49% topped by Northwest Natural and Gorman-Rupp. By yield, Altria tops all. Top-ten Kingly December yields reported for NFG, ABBV, FRT, BKH, NWN, UVV, CDUAF, MMM, LEG, & MO averaged 5.86%.

Buy 6 December Dividend Kings, 4 More On Watch

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The ProShares S&P 500 Dividend Aristocrats ETF continues its streak of exceptional gains in November, through the 24th, the ETF is up 6.87%. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 28 months of tracking these strategies, two strategies are beating NOBL, and one continues to outperform SPY.

My Best Dividend Aristocrats For December 2023

Hershey

Unilever

Consumer staples companies have a long history of being reliable dividend payers. Some have been hit hard by Wall Street concerns and weakening performance.

The Best Dividend Stocks to Buy Right Now Could be Hiding in Plain Sight

Hormel (HRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Hormel Foods (HRL) to Report a Decline in Earnings: What to Look Out for

Hormel Foods Corporation is a fairly priced dividend king with a decade-high yield. The company has been paying a growing dividend for 57 years and is a survivor in the consumer staples industry. The stock offers potential for capital appreciation and a high yield on cost for long-term holders.

Hormel Foods Corporation: Thankful For 57 Years Of Growing Dividends

Hormel Foods (HRL) hikes its annual dividend by 3% to $1.13 per share, marking its 58th consecutive annual dividend increase.

Hormel Foods (HRL) Rewards Investors With Dividend Hike

Hormel Foods Corp. HRL said late Monday that its board has authorized a 3% increase in the company's annual dividend to $1.13 a share, from $1.10 a share. That's the food company's 58th consecutive annual dividend increase, it said.

Hormel raises dividend by 3%

AUSTIN, Minn. , Nov. 20, 2023 /PRNewswire/ -- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a 3 percent increase to the annual dividend to shareholders, marking the 58th consecutive annual dividend increase.

Hormel Foods Corporation Announces 58th Consecutive Increase to the Annual Dividend

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Investors were rewarded with 10%+ dividend increases from Snap-on Tools and ADP in the first half of November. Other companies that rewarded investors in the first two weeks of the month were Emerson, which extended its dividend growth streak to 67 years, and utilities Atmos and Evergy. The second half of the month will bring dividend increases from Nike, Merck, Hormel and Agilent, among others.

Nike, Merck Among 13 Companies To Announce Annual Dividend Increases In Second Half Of November

News for Hormel Foods Stock (HRL)