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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

42.00USD
23 Aug 2019
Change (% chg)

$-0.95 (-2.21%)
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Latest Key Developments (Source: Significant Developments)

Hormel Foods Reports Q3 Earnings Per Share $0.37
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Hormel Foods Corp ::HORMEL FOODS REPORTS THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.37.Q3 SALES $2.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.3 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.36 -- REFINITIV IBES DATA.REAFFIRMS FISCAL 2019 EARNINGS GUIDANCE.QTRLY INTERNATIONAL & OTHER VOLUME FLAT.DELIVERED EARNINGS IN LINE WITH OUR EXPECTATIONS THIS QUARTER.QTRLY GROCERY PRODUCTS VOLUME DOWN 10%; ORGANIC VOLUME UP 1%.QTRLY INTERNATIONAL & OTHER NET SALES FLAT.FUNDAMENTALS OF OUR COMPANY ARE STRONG.DOUBLE-DIGIT EARNINGS GROWTH IN REFRIGERATED FOODS OFFSET WEAKER RESULTS IN GROCERY PRODUCTS IN QUARTER.QTRLY GROCERY PRODUCTS NET SALES DOWN 11%; ORGANIC NET SALES UP 1%.QTRLY JENNIE-O TURKEY STORE VOLUME DOWN 4%.QTRLY JENNIE-O TURKEY STORE NET SALES DOWN 5%.HORMEL FOODS - EARNINGS PRESSURE FROM HIGHER AVOCADO PRICES & PEANUT BUTTER CATEGORY DYNAMICS TO CONTINUE TO IMPACT RESULTS IN GROCERY PRODUCTS IN Q4.HORMEL FOODS - REFRIGERATED FOODS MANAGED SALES GROWTH & PROFITABILITY IN QUARTER IN MIDST OF VOLATILE INPUT COSTS CAUSED BY AFRICAN SWINE FEVER.YET TO SEE SUSTAINED HIGHER PORK PRICES DUE TO AFRICAN SWINE FEVER.JENNIE-O TURKEY STORE TEAM IS WORKING TO REGAIN LEAN GROUND TURKEY DISTRIBUTION FOLLOWING TWO VOLUNTARY PRODUCT RECALLS.FY2019 EARNINGS PER SHARE VIEW $1.73, REVENUE VIEW $9.54 BILLION -- REFINITIV IBES DATA.  Full Article

Hormel Foods Q2 Earnings Per Share $0.52
Thursday, 23 May 2019 

May 23 (Reuters) - Hormel Foods Corp ::HORMEL FOODS REPORTS SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.46 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.52.Q2 SALES $2.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.37 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.45 -- REFINITIV IBES DATA.FISCAL 2019 EARNINGS GUIDANCE DECREASED TO $1.71 TO $1.85 PER SHARE FROM $1.77 TO $1.91 PER SHARE."IN SPITE OF RECORD SALES, Q2 EARNINGS DID NOT MEET OUR EXPECTATIONS".QTRLY REFRIGERATED FOODS VOLUME FLAT.AFRICAN SWINE FEVER IN CHINA STARTED TO IMPACT GLOBAL HOG AND PORK MARKETS THIS QUARTER.QTRLY REFRIGERATED FOODS NET SALES UP 1%.AFRICAN SWINE FEVER IN CHINA LED TO RAPIDLY INCREASING INPUT COSTS.QTRLY INTERNATIONAL & OTHER VOLUME DOWN 7%.HORMEL FOODS - HAVE ANNOUNCED PRICING ACTION ACROSS CO'S BRANDED VALUE-ADDED PORTFOLIO IN GROCERY PRODUCTS, REFRIGERATED FOODS AND INTERNATIONAL SEGMENTS.JENNIE-O TURKEY STORE PROFITS DECLINED DUE TO A COMBINATION OF PLANT STARTUP COSTS AND LOWER RETAIL SALES IN QUARTER.SEES 2019 NET SALES GUIDANCE $9.50 BILLION - $10.0 BILLION.QTRLY INTERNATIONAL & OTHER NET SALES DOWN 9%.FY2019 EARNINGS PER SHARE VIEW $1.79, REVENUE VIEW $9.69 BILLION -- REFINITIV IBES DATA.FINALIZED SALE OF CYTOSPORT THIS QUARTER, USED PROCEEDS TO PAY REMAINING DEBT FROM COLUMBUS CRAFT MEATS ACQUISITION, OTHERS.QTRLY JENNIE-O TURKEY STORE VOLUME UP 2%.QTRLY JENNIE-O TURKEY STORE NET SALES FLAT.QTRLY GROCERY PRODUCTS NET SALES UP 2%.QTRLY GROCERY PRODUCTS VOLUME UP 3%.  Full Article

Hormel Foods Sets Quarterly Dividend Of $0.21 Per Share
Wednesday, 22 May 2019 

May 21 (Reuters) - Hormel Foods Corp ::SETS QUARTERLY DIVIDEND OF $0.21PER SHARE.  Full Article

Hormel Foods Sets Quarterly Dividend Of $0.21 Per Share
Tuesday, 26 Mar 2019 

March 25 (Reuters) - Hormel Foods Corp ::SETS QUARTERLY DIVIDEND OF $0.21PER SHARE.  Full Article

U.S. FSIS Says Jennie-O Turkey Recalling Ground Turkey Products That May Be Contaminated With Salmonella Reading
Saturday, 22 Dec 2018 

Dec 21 (Reuters) - U.S. Department of Agriculture’s Food Safety and Inspection Service::U.S. FSIS- JENNIE-O TURKEY STORE SALES RECALLING ABOUT 164,210 POUNDS OF RAW GROUND TURKEY PRODUCTS THAT MAY BE CONTAMINATED WITH SALMONELLA READING.U.S. DEPARTMENT OF AGRICULTURE'S FOOD SAFETY AND INSPECTION SERVICE SAYS THE RAW GROUND TURKEY ITEMS IN RECALL WERE PRODUCED ON OCT 22 AND OCT 23.  Full Article

Jennie-O Turkey Store Issues Limited Voluntary Recall Of Raw Ground Turkey Products
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Jennie-O Turkey Store::JENNIE-O TURKEY STORE PROVIDES INFORMATION ON LIMITED VOLUNTARY RECALL OF RAW GROUND TURKEY PRODUCTS.JENNIE-O TURKEY STORE - "CONCERNED TO LEARN THAT SOMEONE BECAME ILL AFTER EXPOSURE TO SALMONELLA IN A RAW TURKEY PRODUCT".  Full Article

Hormel Foods Q1 Earnings Per Share $0.56
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES RECORD FIRST QUARTER RESULTS AND INCREASES GUIDANCE DUE TO TAX REFORM.Q1 EARNINGS BENEFITED FROM $63 MILLION, OR EPS OF $0.12, IN ONE-TIME TAX EVENTS.SEES FY 2018 EARNINGS PER SHARE $1.81 TO $1.95.QTRLY JENNIE-O TURKEY STORE NET SALES DOWN 7%‍​.QTRLY REFRIGERATED FOODS VOLUME DOWN 8%; NET SALES UP 5%; SEGMENT PROFIT DOWN 18%.Q1 EARNINGS PER SHARE $0.56.QTRLY JENNIE-O TURKEY STORE SEGMENT PROFIT DOWN 27%‍​.Q1 SALES ROSE 2 PERCENT TO $2.3 BILLION.QTRLY INTERNATIONAL & OTHER VOLUME UP 14%; NET SALES UP 19%; SEGMENT PROFIT DOWN 3%.QTRLY JENNIE-O TURKEY STORE VOLUME DOWN 4%‍​.SEES 2018 NET SALES $9.70 BILLION - $10.10 BILLION.FY2018 EARNINGS PER SHARE VIEW $1.73, REVENUE VIEW $9.88 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY GROCERY PRODUCTS NET SALES UP 1% ‍​.QTRLY GROCERY PRODUCTS VOLUME DOWN 1%.QTRLY GROCERY PRODUCTS SEGMENT PROFIT UP 8% ‍​.HORMEL FOODS - RAISE OUR STARTING WAGE FOR ALL EMPLOYEES TO $13 PER HOUR BY END OF FISCAL 2018 AND TO $14 PER HOUR BY END OF FISCAL 2020.Q1 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $2.41 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.73, REVENUE VIEW $9.88 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

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Investor LGIM dumps ExxonMobil from its Future World funds

LONDON Britain's biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World funds, and said it would vote against their chairs for failing to confront the threats posed by climate change.