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

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Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

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Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

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Income tax payable

Non-current liabilities

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Minority interest

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Book value per share

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Change in working capital

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Purchase/sale of investments

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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

Hormel Foods' net sales and profits declined in its fiscal Q2. The company's market-surpassing dividend looks viable moving forward.

Should Income Investors Buy This Dividend King?

AUSTIN, Minn. , June 5, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced participation in the following investor conferences and its investor day event: 2023 Baird Global Consumer, Technology & Services Conference on Wednesday, June 7, 2023, at 1:35 p.m.

Hormel Foods to Participate in Investor Conferences and Announces Date of 2023 Investor Day

Company will spotlight vast deli-products portfolio in 4-stage exhibit at annual IDDBA event AUSTIN, Minn. , June 2, 2023 /PRNewswire/ -- The deli of the past is not the deli of the future.

HORMEL FOODS PRESENTS FOOD-FORWARD SOLUTIONS TO MEET CONSUMER ENTERTAINING NEEDS AT INTERNATIONAL DAIRY DELI BAKERY ASSOCIATION SHOW

The downtrend in Hormel Foods Co. NYSE: HRL is over. The stock has bottomed after a year of moving lower under the pressure of margin contraction and analysts' revisions.

High-Quality, High-Yield Hormel Looks Tasty at These Levels

Hormel beats profit estimates, sending shares higher.

Hormel Shares Rise as It Beats Profit Estimates

Hormel Foods Corporation (NYSE:HRL ) Q2 2023 Earnings Conference Call June 1, 2023 9:00 AM ET Company Participants David Dahlstrom - Director, IR James Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Deanna Brady - EVP, Retail Conference Call Participants Michael Lavery - Piper Sandler & Co. Benjamin Theurer - Barclays Bank Thomas Palmer - JPMorgan Chase & Co. Peter Galbo - Bank of America Merrill Lynch Adam Samuelson - Goldman Sachs Group Benjamin Bienvenu - Stephens Inc. Rupesh Parikh - Oppenheimer Operator Good morning, and welcome to the Hormel Foods Second Quarter 2023 Earnings Conference Call. [Operator Instructions].

Hormel Foods Corporation (HRL) Q2 2023 Earnings Call Transcript

Hormel Foods' (HRL) second-quarter fiscal 2023 results reflect weakness in the Retail and International segments. Improved profits in the Foodservice unit are an upside.

Hormel Foods (HRL) Q2 Earnings Top Estimates, Sales Drop Y/Y

The headline numbers for Hormel (HRL) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hormel (HRL) Reports Q2 Earnings: What Key Metrics Have to Say

Hormel Foods (HRL) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.48 per share a year ago.

Hormel Foods (HRL) Beats Q2 Earnings Estimates

Shares of Hormel Foods Corp. HRL rose 1.2% in premarket trading Thursday, after the food company, with brands including Skippy, Spam and Natural Choice, reported fiscal second-quarter profit that beat expectations but sales that fell shy, as volumes fell in all business segments. Net for the quarter to April 30 fell to $217.2 million, or 40 cents a share, from $261.6 million, or 48 cents a share, in the year-ago period.

Hormel stock gains after profit tops expectations, while sales falls shy as volumes decline

The Company reaffirms full-year net sales and earnings guidance  and announces progress on key initiatives.   AUSTIN, Minn.

HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2023 RESULTS

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Dividend aristocrats are struggling in 2023, with the ProShares S&P 500 Dividend Aristocrats ETF down 4.71% in May. Three strategies for identifying winning aristocrats include focusing on undervalued stocks, fastest expected growth, and a blend of the two. Despite recent underperformance, long-term investors can find value in dividend aristocrats, as they have historically outperformed the S&P 500 index.

My Best Dividend Aristocrats For June 2023

Hormel Foods, a consumer staple stock, has faced challenges such as volume declines and pricing struggles, leading to a 26% decline in its stock price from its 52-week high. The company aims to improve its business by increasing meat availability, streamlining its product portfolio, and aligning services with customer needs, while maintaining a healthy balance sheet and growing free cash flow. Hormel Foods can be a suitable addition to a conservative dividend portfolio during periods of subdued inflation and healthy consumer sentiment, with potential investors considering starting small and averaging down.

Hormel Dividends: Where's The Juice?

The company continues to offer award-winning internship program to more than 85 collegiate students AUSTIN, Minn. , May 30, 2023 /PRNewswire/ -- Hormel Foods, a Fortune 500 global branded food company (NYSE: HRL), is proud to welcome the newest class of inspired interns to its award-winning summer internship program.

Hormel Foods Welcomes Newest Class of Inspired Summer Interns

Hormel Foods' (HRL) second-quarter results are likely to reflect the impacts of cost inflation and supply-chain hurdles, while favorable demand for the company's brands is likely to have been an upside.

Hormel Foods (HRL) Queued for Q2 Earnings: Factors to Note

Walmart Exclusive will Feature Columbus® Craft Meats, Corn Nuts® Original and Justin's® Dark Chocolate Peanut Butter Cups along with other delicious flavors to Elevate the Charcuterie-Board Building Experience HAYWARD, Calif. , May 25, 2023 /PRNewswire/ -- COLUMBUS® Manufacturing, maker of premium, award-winning Italian deli meats and charcuterie for more than 100 years, announces the introduction of the Handcrafted Charcuterie Board available exclusively at Walmart.

Hormel Foods Brings Together Multiple Brands with Introduction of Columbus® Handcrafted Charcuterie Board

Walmart

Conagra Brands

Campbell Soup

General Mills

Hershey

Kellogg

Kraft Heinz

Consumer-packaged food companies that have been steadily increasing prices to combat inflation may be facing a formidable opponent, according to a new report.

Consumer packaged food companies keep raising prices, ‘and Walmart is sick of it,' says analyst

Beyond Meat

Tyson Foods

The Zacks Food - Meat Products industry players, like Hormel Foods (HRL), Tyson Foods (TSN) and Beyond Meat (BYND), gain from the rising demand for protein-rich food and their constant expansion and innovative efforts amid cost inflation.

3 Meat Food Stocks to Watch as Industry Prospects Look Bright

Hormel is an iconic food maker with a focus on branded protein products. The company is dealing with hard times and not doing as well as its peers.

My No. 1 Top Dividend Stock for May

With record attendance expected at the foodservice industry's premier event, the company is once again bringing expert chefs and a full-service restaurant to the showroom floor AUSTIN, Minn. , May 17, 2023 /PRNewswire/ -- Attending the prestigious National Restaurant Association Show has long been a tradition of Hormel Foods Corporation (NYSE: HRL), an annual opportunity for the Fortune 500 global-branded food company to highlight its extensive product offerings to foodservice operators from around the country.

HORMEL FOODS TO SHOWCASE INDUSTRY-LEADING BRANDS, INNOVATION AND SHOWSTOPPING MENU ITEMS AT NATIONAL RESTAURANT ASSOCIATION SHOW

Food producer Hormel is out of favor today for some very good reasons. But the company is likely to muddle through its current headwinds.

4 Reasons This Passive Income Stock Is No. 1 on My Buy List

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7 Dividend Aristocrats to Buy and Hold Forever

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The Taxable Account generated $1,760.46 of dividend income for April 2023 compared with $1,609.40 of dividend income for April 2022. The Taxable Account had a balance of $523.4K as of April 30, 2023, vs. $522.7K on April 30, 2022. The annualized cost basis yield is 5.38%.

The Retirees' Dividend Portfolio: John And Jane's April 2023 Taxable Account Update

News for Hormel Foods Stock (HRL)