Edition:
India

Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

36.99USD
10:00pm IST
Change (% chg)

$-0.26 (-0.70%)
Prev Close
$37.25
Open
$37.26
Day's High
$37.26
Day's Low
$36.96
Volume
121,045
Avg. Vol
708,404
52-wk High
$38.00
52-wk Low
$29.75

Latest Key Developments (Source: Significant Developments)

Hormel Foods CEO James Snee's FY 2017 Total Compensation Was $6.3 Mln Vs $3.5 Mln In FY 2016
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Hormel Foods Corp ::HORMEL FOODS CORP SAYS CEO JAMES SNEE'S FY 2017 TOTAL COMPENSATION WAS $6.3 MILLION VERSUS $3.5 MILLION IN FY 2016 - SEC FILING.  Full Article

Hormel Foods Closes Columbus Manufacturing Deal, Raises Fiscal 2018 Outlook
Tuesday, 28 Nov 2017 

Nov 27 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES CLOSING OF ACQUISITION OF COLUMBUS MANUFACTURING INC, MAKER OF COLUMBUS CRAFT MEATS.‍INCREASING ITS FISCAL 2018 NET SALES GUIDANCE TO $9.7 - $10.1 BILLION​.‍INCREASING ITS EARNINGS PER SHARE GUIDANCE TO $1.62 - $1.72 PER SHARE FOR FISCAL 2018​.FY2018 EARNINGS PER SHARE VIEW $1.64, REVENUE VIEW $9.76 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Hormel Foods announces merger of its Grocery Products and Specialty Foods segments
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hormel Foods Corp :Hormel Foods announces the strategic merger of its Grocery Products and Specialty Foods segments.Hormel Foods - ‍specialty Foods segment been merged into Grocery Products segment,will continue to be led by Luis Marconi, group VP, Grocery Products​.  Full Article

Hormel Foods reports Q4 ‍diluted EPS of $0.41​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hormel Foods Corp ::Q4 revenue $2.5 billion.Hormel foods announces full year and fourth quarter results and provides guidance for fiscal 2018.Q4 revenue view $2.42 billion -- Thomson Reuters I/B/E/S.Hormel foods corp qtrly ‍diluted eps of $0.41​.Hormel foods corp - sees ‍fiscal 2018 net sales guidance $9.40 billion - $9.80​ billion.Hormel foods corp - sees ‍fiscal 2018 earnings per share guidance $1.60 - $1.70​.Hormel foods corp qtrly ‍ specialty foods volume down 8%; organic volume down 1%​.Hormel foods corp qtrly ‍ specialty foods net sales down 9%; organic net sales down 2%​.Hormel foods corp - qtrly ‍grocery products volume down 4%, organic volume up 4%​.Hormel foods corp qtrly ‍jennie-o turkey store volume down 7%; organic volume flat​.Hormel foods corp - qtrly ‍grocery products net sales down 1%, organic net sales up 7%​.Hormel foods corp qtrly ‍jennie-o turkey store net sales down 10%; organic net sales down 4%​.Hormel foods corp - ‍qtrly refrigerated foods volume down 17% , organic volume up 1%​.Hormel foods corp - ‍qtrly refrigerated foods​ net sales down 6% , organic net sales up 8%.Hormel foods - ‍fiscal 2018 net sales and eps guidance exclude pending acquisition of columbus craft meats, which is expected to close in december​.Hormel foods corp - ‍columbus craft meats transaction is expected to be 2-3 cents per share accretive to earnings in fiscal 2018​.  Full Article

Hormel Foods announces increase to annual dividend
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Hormel Foods Corp ::Hormel Foods announces 52nd consecutive increase to annual dividend.Hormel Foods Corp - ‍annual dividend on common stock of Corporation was raised to $0.75 per share from $0.68 per share​.Hormel Foods Corp - ‍board of directors authorized first quarterly dividend of eighteen and three fourths cents a share to be paid on Feb. 15, 2018​.  Full Article

Hormel Foods recommends stockholders reject unsolicited below-market price mini-tender
Thursday, 29 Sep 2016 

Hormel Foods : Says "recommends that stockholders do not tender their shares because offer price is below company's current share price" . Recommends stockholders reject unsolicited below-market price mini-tender offer by Trc Capital Corporation .Received notice of mini-tender offer made by Trc Capital to stockholders to buy up to 3 million shares of Co at a price of $36.25 per share.  Full Article

Hormel Foods Qtrly EPS $0.36
Thursday, 18 Aug 2016 

Hormel Foods Corp : Hormel Foods achieves record third quarter results and raises full year guidance . Raises FY 2016 earnings per share view to $1.60 to $1.64 . Qtrly refrigerated foods operating profit up 24 percent; volume up 3 percent; dollar sales up 9 percent . Qtrly grocery products operating profit flat; volume up 1 percent; dollar sales up 3 percent . Qtrly earnings per share $0.36 . Hormel Foods Corp says increasing our 2016 annual guidance to $1.60 to $1.64 per share from $1.56 to $1.60 per share . Hormel foods corp says expect to show sales and earnings growth in fiscal 2017 . Qtrly record dollar sales of $2.3 billion, up 5 percent; volume up 1 percent . Q3 earnings per share view $0.35, revenue view $2.26 billion -- Thomson Reuters I/B/E/S . Qtrly jennie-o turkey store operating profit up 59 percent; volume up 29 percent; dollar sales up 20 percent . Qtrly specialty foods operating profit down 13 percent; volume down 32 percent; dollar sales down 25 percent . Expects to show sales and earnings growth in fiscal 2017 .FY2016 earnings per share view $1.59 -- Thomson Reuters I/B/E/S.  Full Article

RPT-INSIGHT-Corporate America’s new dilemma: raising prices to cover higher transport costs

(Repeats with additional reporting credit) By Eric M. Johnson and Chris Prentice SEATTLE/BOCA RATON, Fla., Feb 26 The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and consider raising their own prices as a way to pass along the costs. Interviews with executives at 10 companies across the food, con