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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

33.00USD
22 Feb 2018
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$0.32 (+0.98%)
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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

Hormel foods says CFO, JODY H Feragen to retire
Wednesday, 25 May 2016 

Hormel Foods Corp : Says james n. Sheehan appointed cfo . Says cfo jody h. Feragen to retire . Jody h. Feragen to retire as executive vice president and cfo a . Sheehan was most recently elected as vice president and chief accounting officer for company .Hormel foods announces chief financial officer retirement and appointment.  Full Article

Hormel Foods Q2 earnings per share $0.40
Wednesday, 18 May 2016 

Hormel Foods Corp Qtrly Jennie : Raising fiscal 2016 earnings guidance range from $1.50 to $1.56 per share to $1.56 to $1.60 per share . Qtrly grocery products operating profit up 21 percent; volume down 1 percent; dollar sales up 1 percent . O turkey store operating profit up 20 percent; volume down 5 percent; dollar sales down 4 percent . Qtrly refrigerated foods operating profit up 13 percent; volume up 3 percent; dollar sales up 7 percent . Hormel foods corp qtrly specialty foods operating profit up 74 percent; volume down 2 percent; dollar sales down 5 percent . "we expect international to return to growth in back half of fiscal 2016" . During quarter, "excellent results in refrigerated foods and grocery products were driven by favorable pork operating margins" . International segment was challenged by weak exports and high pork costs in china . International segment "was challenged by weak exports and high pork costs in china" during quarter . Qtrly profit for refrigerated foods increased 13 percent; including applegate, sales were up 7 percent during quarter . Expect international segment to return to growth in back half of 2016 led by export sales of spam family of products,skippy peanut butter . Qtrly jennie-o turkey store sales down 4 percent reflecting volume shortfalls from impact of avian influenza in fiscal 2015 . Hormel foods achieves record second quarter results and raises fiscal 2016 guidance . Q2 earnings per share $0.40.  Full Article

Hormel Foods to buy Justin's specialty nut butter brand
Wednesday, 18 May 2016 

Hormel Foods Corp : Hormel Foods announces acquisition of Justin's specialty nut butter brand . Hormel foods corp says Justin's will continue operating out of their office in Boulder, Colo., as a subsidiary in company's grocery products segment .Says Hormel Foods was advised by HT Capital Advisors. Piper Jaffray & Co. Was exclusive advisor to Justin's.  Full Article

BRIEF-Hormel Foods Q1 Earnings Per Share $0.56

* HORMEL FOODS ANNOUNCES RECORD FIRST QUARTER RESULTS AND INCREASES GUIDANCE DUE TO TAX REFORM