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

Williams-Sonoma

It is better to clear out stocks with empty potential to make room for companies that have proven their worth in 2024.  While these three stocks have upsides, there is doubt about their continued performance and whether or not their potential outweighs their current challenges and valuations.

3 Dangerous Stocks You Should Sell ASAP in June

LOS ANGELES--(BUSINESS WIRE)--The LA Galaxy (MLS) and their stadium, Dignity Health Sports Park, announced a partnership with HERDEZ® salsa, Mexico's top brand and MegaMex Foods.

THE LA Galaxy, Dignity Health Sports Park and the Maker of the HERDEZ® Brand Spice up Game Days for Fans With Brand-New Partnership

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Hormel Foods Corporation's stock dropped sharply after the latest results. There were definitely some new negatives there. But the longer journey from Bubblicious valuations is what is driving the stock, and that is about two-thirds of the way through.

Hormel: You Are Two-Thirds Of The Way There

AUSTIN, Minn. , June 4, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced participation in the 2024 Oppenheimer Consumer Growth & E-Commerce Conference on Monday, June 10, 2024, at 11:45 a.m.

Hormel Foods to Participate in Oppenheimer Consumer Growth and E-Commerce Conference

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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: A Potential Buy Despite Post-Earnings Decline

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 Corporation (HRL) Q2 2024 Earnings Call Transcript

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.

Hormel Foods (HRL) Q2 Earnings Top Estimates, Volumes Down

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.

Compared to Estimates, Hormel (HRL) Q2 Earnings: A Look at Key Metrics

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 (HRL) Q2 Earnings Beat Estimates

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 Foods posts Q2 profit beat on demand for higher-priced meats

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's stock rallies after profit beat and raised outlook, as foodservices sales rose while retail declined

Delivers better-than-expected first-half earnings; advances transform and modernize initiative AUSTIN, Minn. , May 30, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2024, ended April 28, 2024.

HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2024 RESULTS

Students from over 50 colleges and universities participate in the company's 10-week, award-winning internship program AUSTIN, Minn. , May 29, 2024 /PRNewswire/ -- An internship with Hormel Foods isn't your typical summer job.

Hormel Foods Welcomes Largest-Ever Class of Inspired Summer Interns

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.

Hormel Foods (HRL) Gears Up for Q2 Earnings: Is a Beat Likely?

America's No.1 refrigerated guacamole brand* responds to consumers' desire for authentic, tableside guacamole flavors at home ORANGE, Calif. , May 29, 2024 /PRNewswire/ -- The makers of the WHOLLY ® GUACAMOLE brand, America's No.

The Makers of the WHOLLY® GUACAMOLE Brand Introduce Extra Chunky Restaurant Style Guacamole

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The ProShares S&P 500 Dividend Aristocrats ETF hits its first speed bump in April, dropping by 4.69%. Some of this loss has been recovered in May. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 34 months of tracking these strategies, one strategy is outperforming NOBL, while 2 remain relatively close.

My Best Dividend Aristocrats For June 2024

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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.

Countdown to Hormel (HRL) Q2 Earnings: Wall Street Forecasts for Key Metrics

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.

Hormel Foods (HRL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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Altria's main product is cigarettes, a business line that has seen severe volume declines. Altria's historically high dividend yield is alluring, but Hormel Foods is also offering a historically high yield.

News for Hormel Foods Stock (HRL)