Company Profile For Hormel Foods Corporation

Hormel Foods Corporation (HRL.N) (New York Stock Exchange)

sector: Non-Cyclical Consumer Goods & Services · industry: Food Processing ·

As of 25 Nov 2009

38.09USD

Price Change

-0.16

Percent Change

-0.42%

Analyst Recommendations

Overview

Hormel Foods Corporation is engaged in the production of a variety of meat and food products, and the marketing of those products throughout the United States and internationally. The Company operates in five segments: grocery products, refrigerated foods, Jennie-O Turkey Store (JOTS), specialty foods and all other. The Company’s products primarily consist of meat and other food products. The meat products are sold fresh, frozen, cured, smoked, cooked, and canned. In June 2008, the Company acquired Boca Grande Foods, Inc. (Boca Grande). Boca Grande manufactures, sells, and distributes liquid portion products and operates a facility in Duluth, Georgia.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 25 October 2009, Hormels Foods Corporation's revenues decreased 3% to $6.53B. Net income increased 20% to $342.8M. Revenues reflect lower income from Jennie-o Turkey store products, a decrease in refrigerated foods segments and decreased sales from specialty food segments. Net income was offset by a decrease in cost of products sold and the presence of interest and investment income vs. a loss.