Revenue segments as reported by the company.

Retail

Foodservice

International

Grocery Products

Refrigerated Foods

Jennie-O Turkey Store

International & Other

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

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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.

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Hormel Foods Corporation (NYSE:HRL ) Q3 2023 Results Conference Call August 31, 2023 9:00 AM ET Company Participants David Dahlstrom - Director, IR Jim Snee - Chairman of the Board, President & CEO Jacinth Smiley - EVP, CFO Deanna Brady - EVP- Retail Conference Call Participants Adam Samuelson - Goldman Sachs Ben Theurer - Barclays Ben Bienvenu - Stephens Peter Galbo - Bank of America Rupesh Parikh - Oppenheimer Tom Palmer - JP Morgan Operator Good morning, and welcome to the Hormel Foods Corporation Third Quarter Earnings Conference Call. [Operator Instructions].

Hormel Foods Corporation (HRL) Q3 2023 Earnings Call Transcript

Hormel Foods' (HRL) third-quarter fiscal 2023 results reflect weakness in the Retail and International segments. Continued momentum in the Foodservice unit acts as an upside.

Hormel Foods (HRL) Stock Dips on Q3 Earnings & Sales Miss

Hormel Foods (HRL) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.40 per share a year ago.

Hormel Foods (HRL) Misses Q3 Earnings and Revenue Estimates

Hormel Foods (NYSE:HRL) stock fell in Thursday's premarket deals after its quarterly results fell short of Wall Street expectations, and, also came with a downgrade to guidance for the full-year. At $162.7 million third quarter net income was down sharply year-over-year, from $218 million, meanwhile on a per share basis it was down to 30 cents from 40 cents this time last year.

Hormel Foods falls on dour quarter, warns over consumer spending

Shares Hormel Foods Corp. HRL, -0.38% dropped 3.4% toward a three-month low in premarket trading Thursday, after the parent of Planters, Skippy, Spam and Hormel branded food reported fiscal third-quarter profit and sales that missed expectations and cut its full-year outlook, as consumers are expected to remain “highly intentional” in their spending. Net income for the quarter to July 30 fell to $162.7 million, or 30 cents a share, from $218.9 million, or 40 cents a share, in the year-ago period.

Hormel stock sinks toward 3-month low after profit and sales miss, downbeat outlook

Company delivers volume growth in each segment and makes further progress on key initiatives AUSTIN, Minn., Aug. 31, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the third quarter of fiscal 2023.

HORMEL FOODS REPORTS THIRD QUARTER FISCAL 2023 RESULTS

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Not all food companies are built the same. Hormel Foods enjoys a combination of persistent pricing power and opportunities to keep its relative costs curbed.

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My Best Dividend Aristocrats For September 2023

Hormel Foods' (HRL) third-quarter results are likely to reflect gains from strategic initiatives like Go Forward and One Supply Chain.

What's in the Cards for Hormel Foods (HRL) in Q3 Earnings?

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Dividend Stock Watch List: Lanny's September 2023 Edition

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Axsome's two new products have the potential to generate exceptional growth. Hormel Foods' resilience is impressive, even in an inflationary market.

These 3 Stocks Have Underperformed the Market This Year. Is Now the Time to Buy?

Global-branded food company brings innovative, chef-inspired recipes that reflect the latest fall-flavor trends AUSTIN, Minn. , Aug. 24, 2023 /PRNewswire/ -- Many themes are synonymous with the fall season.

Culinary Experts at Hormel Foods Welcome the Fall Season with Flavorful Array of Autumn-Inspired Dishes

In addressing attendees at recent Food Tank summit, Rodriguez discusses her unique role with the company, engaging with consumers and aligning insights with innovation AUSTIN, Minn. , Aug. 23, 2023 /PRNewswire/ -- In her unique role as a cultural anthropologist for Hormel Foods Corporation (NYSE: HRL), Dr. Tanya Rodriguez spends a majority of her professional energy in the field, meeting with consumers in person to learn about their relationships with food and collecting new insights into how food-related decisions are actually made.

Hormel Foods Senior Cultural Anthropologist Dr. Tanya Rodriguez: 'My Job is to Question Everything'

Hormel Foods (HRL) is poised to gain from its solid presence across end markets, strategic investments and acquisitions. Softness in retail bacon and foodservice businesses remains concerning.

Hormel Foods (HRL) Gains From Capacity Expansions Amid Risks

AUSTIN, Minn. , Aug. 18, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Jacinth Smiley, executive vice president and chief financial officer, and Mark Ourada, group vice president, Foodservice, will participate in the 2023 Barclays Global Consumer Staples Conference on Tuesday, Sept.

Hormel Foods Corporation to Participate in the 2023 Barclays Global Consumer Staples Conference

Bacon lovers celebrate their passion for this iconic ingredient in honor of National Bacon Lover's Day AUSTIN, Minn. , Aug. 18, 2023 /PRNewswire/ -- Get ready to sizzle with excitement as National Bacon Lover's Day approaches this Sunday, Aug. 20.

The Bosses of Bacon at Hormel Foods Raise the Savory Delight to New Heights with Mouthwatering Bacon-Infused Recipes

A special relationship has long existed between the people of Hawaii  and the brand AUSTIN, Minn. , Aug. 17, 2023 /PRNewswire/ -- In response to the devastating wildfires on Maui, Hormel Foods Corporation and the makers of the SPAM ® brand — whose special relationship with the Hawaiian community spans decades — is sending resources to aid the disaster-relief efforts.

The Makers of the SPAM® Brand Sending Resources to Aid Maui Wildfire Response

Enbridge

Sometimes great companies hit headwinds, giving investors an opportunity to buy their stocks. Hormel is dealing with what are likely to be temporary problems, and its yield is historically high.

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Hormel Foods faces inventory problems leading to lower margins. The company's dividend yield is low and its dividend may not grow at its historical pace. HRL stock is overvalued, and investors may be better off waiting for a further pullback before investing.

Hormel Foods: Still Not Worth It

Hormel Foods owns a collection of sector-leading brands. Hormel faces headwinds but is still in the early innings when it comes to its turnaround and global expansion.

Why Peter Lynch Would Love Hormel Foods

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The Zacks Food - Meat Products industry players like Hormel Foods (HRL), Tyson Foods (TSN) and Beyond Meat (BYND) capitalize on the rising demand for protein-rich food through constant expansion and innovative efforts amid cost inflation.

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Much of Tyson's business is simply processing and packaging raw meat. Hormel Foods, conversely, sells a great deal of prepared foods that command higher retail prices.

Better Stock Buy: Hormel vs. Tyson Foods

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Hormel is a food maker with a stable of category leading brands. The company is dealing with several problems right now that have fickle investors running for cover.

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The ProShares S&P 500 Dividend Aristocrat ETF had a strong month in June with a gain of 8.08%, year-to-date the Fund is up 5.72%. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After nearly two full years of tracking these strategies, all 3 buy-and-hold portfolios continue to generate alpha over NOBL and SPY.

News for Hormel Foods Stock (HRL)