Hormel Foods Corporation

HRL

US4404521001

Food Processing

Market Closed - Nyse Other stock markets 04:00:02 2024-04-24 pm EDT			5-day change	1st Jan Change
35.6 ^USD	+1.31%		+4.58%	+10.87%

Apr. 23	Hormel Gatherings Introduces Summer-Themed Hard Salami & Pepperoni Tray	CI
Apr. 08	Hormel Foods to Pay $11.75 Million in Settlements on Pork Price-Fixing Allegations	MT

Hormel Foods Corporation Reports Earnings Results for the Third Quarter Ended July 25, 2021

September 02, 2021 at 06:30 am EDT

Hormel Foods Corporation announced earnings results for the third quarter ended July 25, 2021. For the third quarter, the company announced sales was USD 2,863.670 million compared to USD 2,381.457 million a year ago. Operating income was USD 207.484 million compared to USD 249.576 million a year ago. Net income was USD 176.917 million compared to USD 203.119 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.37 a year ago. For the nine months, sales was USD 7,931.438 million compared to USD 7,188.357 million a year ago. Operating income was USD 764.917 million compared to USD 823.523 million a year ago. Net income was USD 627.101 million compared to USD 673.726 million a year ago. Basic earnings per share from continuing operations was USD 1.16 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 1.23 a year ago.

Latest news about Hormel Foods Corporation

Hormel Gatherings Introduces Summer-Themed Hard Salami & Pepperoni Tray	Apr. 23	CI
Hormel Foods to Pay $11.75 Million in Settlements on Pork Price-Fixing Allegations	Apr. 08	MT
Hormel Foods Insider Sold Shares Worth $489,900, According to a Recent SEC Filing	Apr. 03	MT
PLANTERS® Brand Team Introduces New Flavor-Forward Innovation in Snack Nuts with Launch of PLANTERS® Nut Duos Snacks	Apr. 02	CI
Hormel Foods Insider Sold Shares Worth $539,055, According to a Recent SEC Filing	Apr. 01	MT
Hormel Foods Insider Sold Shares Worth $349,500, According to a Recent SEC Filing	Apr. 01	MT
Hormel Foods Corporation Accepts the Resignation of Mr. Jose Luis Prado as A Member of the Board	Mar. 29	CI
Hormel Foods Keeps Quarterly Dividend at $0.2825 a Share, Payable May 15 to Shareholders of Record April 15	Mar. 25	MT
Hormel Foods Corporation Declares Quarterly Dividend, Payable on May 15, 2024	Mar. 25	CI
Hormel Foods Corporation Joins Forces with the Limited-Time Offering of Hormel®? Black Label®? Ranch Bacon	Mar. 21	CI
Transcript : Hormel Foods Corporation Presents at Bank of America Consumer & Retail Technology Conference, Mar-13-2024 11:20 AM	Mar. 13
Hormel Foods Corp /de/ Insider Sold Shares Worth $526,369, According to a Recent SEC Filing	Mar. 12	MT
The Makers of Hormel Chili Solve the Double-Dip Dilemma with Double Dippable Chips	Mar. 12	CI
Hormel Foods Corporation Announces Launch of Hormel Sweet Garlic Ginger Pork Loin	Mar. 05	CI
Goldman Sachs Raises Price Target on Hormel Foods to $28 From $26, Keeps Sell Rating	Mar. 01	MT
Barclays Raises Price Target on Hormel Foods to $35 From $33, Maintains Equalweight Rating	Mar. 01	MT
S&P 500, Nasdaq register record closing highs	Feb. 29	RE
Consumer Cos Climb as Traders Assess Earnings Season -- Consumer Roundup	Feb. 29	DJ
S&P 500, Nasdaq Rise to Record Highs as Markets Weigh Consumer Spending Report	Feb. 29	MT
S&P 500 Rises to Record Close as Markets Weigh Consumer Spending Report	Feb. 29	MT
US Equity Markets Close Higher Thursday After Fed's Preferred Inflation Gauge Falls	Feb. 29	MT
Sector Update: Consumer Stocks Rise in Late Afternoon Trading	Feb. 29	MT
News Highlights : Top Company News of the Day - Thursday at 3 PM ET	Feb. 29	DJ
Top Midday Gainers	Feb. 29	MT
Sector Update: Consumer Stocks Mixed in Afternoon Trading	Feb. 29	MT

Chart Hormel Foods Corporation

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Company Profile

Hormel Foods Corporation is a food processing group organized around two families of products: - perishable products (70.3% of net sales): fresh meat, refrigerated and frozen products based on beef and pork, etc.; - shelf-stable products (29.7%): grocery products, canned meats, nuts, stews, tortillas, sauces, chips, food supplements, etc. The United States account for 95.1% of net sales.

Sector

Food Processing

Calendar

2024-05-22 - Q2 2024 Earnings Release (Projected)

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S&P 500

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Ratings for Hormel Foods Corporation

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ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

35.6 USD

Average target price

31.67 USD

Spread / Average Target

-11.04%

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Quarterly earnings - Rate of surprise

Company calendar

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