Financial Performance - Net sales for the second quarter of fiscal 2025 were $5.89 billion, with organic net sales up 1% compared to the prior year[5]. - Operating income was reported at $477 million, with an adjusted operating income of $519 million, resulting in an operating margin of 8.1%[5]. - The company narrowed its fiscal 2025 net sales outlook to between $12.0 billion and $12.2 billion, and diluted earnings per share expectations to $1.49 to $1.59[4][6]. - Net sales for the quarter ended April 27, 2025, were $2,898,810, an increase from $2,887,352 in the same quarter last year, representing a growth of 0.4%[24]. - Total net sales increased by 0.4% to $2,898,810 thousand in Q2 2025 from $2,887,352 thousand in Q2 2024[27]. - The company reported a total net sales of $5.888 billion for the six months ended April 27, 2025, a slight increase of 0.1% from $5.884 billion in the same period last year[39]. Earnings and Margins - Gross profit for the quarter was $484,433, down from $503,806 year-over-year, indicating a decrease of 3.0%[24]. - Operating income for the quarter was $248,352, slightly lower than $252,320 in the previous year, reflecting a decline of 1.9%[24]. - Net earnings attributable to Hormel Foods Corporation for the quarter were $180,017, compared to $189,278 in the same quarter last year, a decrease of 4.7%[24]. - Adjusted net earnings attributable to Hormel Foods Corporation decreased to $192,928 thousand in Q2 2025 from $207,562 thousand in Q2 2024[35]. - Adjusted diluted earnings per share for Q2 2025 were $0.35, down from $0.38 in Q2 2024, reflecting a decrease of 7.9%[36]. - The adjusted operating margin for Q2 2025 was 9.1%, compared to 9.6% in Q2 2024[36]. Tax and Expenses - The effective tax rate for the quarter was 21.9%, with expectations for fiscal 2025 to be between 22.0% and 23.0%[17]. - The effective tax rate for the quarter was 22.0%, a slight improvement from 22.5% in the same quarter last year[24]. - Net unallocated expenses rose by 7.8% to $65,411 thousand in Q2 2025 from $60,694 thousand in Q2 2024[27]. - Earnings before income taxes decreased by 5.6% to $230,489 thousand in Q2 2025 compared to $244,139 thousand in Q2 2024[27]. Cash Flow and Capital Expenditures - Cash and cash equivalents at the end of the period were $669,688, down from $741,881 at the beginning of the year, a decrease of 9.7%[25]. - Capital expenditures for the quarter were $75 million, with a target for fiscal 2025 set between $275 million and $300 million[17]. - Net cash provided by operating activities for the six months ended April 27, 2025, was $365,646, down from $640,127 in the same period last year, a decline of 42.9%[26]. Dividends and Shareholder Returns - The company returned approximately $159 million to stockholders through dividends during the quarter[17]. - Dividends declared per share increased to $0.2900 from $0.2825 in the same quarter last year, representing a growth of 6.0%[24]. Segment Performance - The Applegate brand saw consumption growth outpacing the total edible category, while Jennie-O ground turkey experienced notable retail sales growth[10][11]. - The international segment achieved double-digit volume and net sales growth, particularly in the China market, driven by strong shipments of refrigerated products[13]. - The Planters brand showed sequential improvement in distribution and overall retail sales, reflecting its strength in the marketplace[10]. - Segment profit for Retail increased by 3.6% to $137,135 thousand in Q2 2025, while Foodservice segment profit decreased by 5.8% to $140,633 thousand[27]. - International segment volume grew by 8.9% to 79,518 lbs in Q2 2025, with net sales increasing by 7.0% to $178,533 thousand[27]. - Total segment profit decreased by 2.9% to $296,175 thousand in Q2 2025 compared to $304,903 thousand in Q2 2024[27]. Strategic Initiatives - Hormel Foods expects to see T&M initiative benefits in the range of $100 million to $150 million year over year[6]. - The company initiated a multi-year Transform and Modernize (T&M) initiative to optimize supply chain and portfolio, excluding non-recurring costs from financial performance measures[29]. - The Transform and Modernize initiative is expected to incur estimated charges of $46 million to $52 million in fiscal 2025[42]. - The company sold Mountain Prairie, LLC, resulting in a one-time loss not reflective of ongoing operations[30].

Core Insights - Hormel Foods' summer internship program is recognized as a launchpad for students' careers, with over 70% of interns transitioning to full-time roles within the company [1][3] - The program welcomes over 95 students from 50 colleges and universities, providing three months of hands-on business experience [1][2] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries [5] - The company is a member of the S&P 500 Index and has received multiple accolades for its corporate responsibility and workplace environment [5] Internship Program Details - The internship program is designed to immerse students in real business scenarios across various functional areas, including sales, food science, engineering, and marketing [3][4] - Interns work alongside experienced professionals, contributing to meaningful projects and gaining insights into different career paths [4] Recognition and Awards - Hormel Foods' internship program has been consistently recognized as one of the best in the nation by Vault, receiving awards for excellence in engineering, sales, marketing, and communications [4]

Core Viewpoint - Wall Street analysts forecast a quarterly earnings per share (EPS) of $0.35 for Hormel Foods, indicating a year-over-year decline of 7.9%, while revenues are expected to reach $2.9 billion, reflecting a slight increase of 0.6% compared to the previous year [1] Earnings Estimates - Prior to earnings announcements, revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock [2] - Empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [2] Key Metrics Projections - Analysts estimate 'Net Sales- Retail' to be $1.77 billion, a decrease of 0.8% from the prior-year quarter [4] - 'Net Sales- International' is projected to reach $178.43 million, representing a year-over-year increase of 7% [4] - The consensus estimate for 'Net Sales- Foodservice' stands at $953.29 million, indicating a year-over-year increase of 2.3% [4] Segment Profit Estimates - 'Segment Profit- Foodservice' is projected at $147.62 million, down from $149.30 million in the same quarter last year [5] - 'Segment Profit- International' is expected to be $23.85 million, compared to $23.20 million a year ago [5] - 'Segment Profit- Retail' is estimated at $112.33 million, down from $132.40 million in the previous year [6] Stock Performance - Over the past month, Hormel shares have returned -2.5%, while the Zacks S&P 500 composite has increased by 10.7% [6] - Currently, Hormel Foods carries a Zacks Rank 4 (Sell), suggesting potential underperformance in the near future [6]

一方面，国家卫生健康委员会表示，将实施"体重管理年"3年行动，普及健康生活方式。慢性病防控已 上升为国家战略，这也推动了食品行业加速向 "轻负担"方向迭代。另一方面，亿滋国际发布的《2024 年全球零食现状报告》显示，在这个健康化趋势明显的时代，还有73%的人"宁愿吃一小份令人愉悦的 零食，也不愿吃一大份低脂/低糖的替代品。" 近日，在接受第一财经记者采访时，荷美尔亚太区总裁顾海江表示："疫情前后的市场环境是完全不同 的。疫情前只要有新亮点，消费者就愿意买单。但是疫情后消费者的要求变高了，不但要有品质、有品 牌，还要有好的价格。所以我认为，疫情以后，更需要拿出更贴近当下消费者的一些新的产品，消费者 才愿意买单。" 在好吃和健康之间找平衡点并不容易。 从基础原料到配方设计，休闲食品行业正与健康理念展开全面较量，特别是后疫情时代，消费者的需求 在不断变化，变得"既要又要"，在想要味蕾满足的同时还能保持健康，因此，当下零食品牌们的生意不 是那么好做。 "要找到中间一个点，且不断地去打磨这个点，然后让消费者能够感受到这个产品的确是比之前其他产 品更健康一点。"顾海江举例，"比如说我们的鸡肉单片午餐肉，此前一般午餐肉基 ...

Hormel Foods Corporation (HRL) is likely to register top-line growth when it reports second-quarter fiscal 2025 earnings on May 29, before the market opens. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.9 billion, which indicates a 0.6% increase from the year-ago quarter. The consensus mark for earnings has remained unchanged in the past 30 days at 35 cents per share, which implies a 7.9% decrease from the figure reported in the year-ago quarter. HRL delivered a trailing four-quarter e ...

Industry Overview - The agriculture industry is rapidly transforming due to technological advancements and innovative solutions, driven by rising global population and climate change pressures [2] - Agricultural technology (AgTech) and food innovation are critical in addressing the demand for sustainable and efficient agricultural practices [2] AgTech Innovations - AgTech is revolutionizing food production, processing, and distribution through AI, biotechnology, and automation, leading to increased productivity and sustainability [3] - Techniques such as precision agriculture, lab-grown meat, and plant-based alternatives are reshaping the food industry [3] - Companies like Archer-Daniels-Midland Company (ADM) are adopting AgTech to optimize supply chains and enhance resource efficiency [3] Protein Alternatives - The protein landscape is shifting towards plant-based proteins, lab-grown meat, and fermented products as sustainable alternatives to traditional animal protein [4] - Companies like Beyond Meat, Inc. (BYND) are at the forefront of this shift, catering to health-conscious and environmentally aware consumers [4] - Continuous advancements in food science are making protein alternatives more accessible and affordable despite existing challenges [4] Company Strategies - Companies embracing technological innovations are positioning themselves for long-term success in a changing market [5] - Tyson Foods, Inc. (TSN) is investing in AgTech and food innovation, focusing on sustainable protein production and digital transformation [7] - Hormel Foods Corporation (HRL) is utilizing digital technology and AgTech to streamline operations and enhance food production standards [11] - Ingredion Incorporated (INGR) is a leader in providing ingredient solutions, focusing on clean-label innovation and plant-based proteins [14] Specific Company Initiatives - Tyson Foods is investing in alternative protein innovation and has partnered with companies like Future Meat Technologies to reduce the environmental impact of meat production [8] - Hormel Foods has invested $1.7 million in regenerative agriculture, promoting sustainable practices across 50,000 acres in Minnesota [11] - Ingredion is collaborating with food-tech companies to enhance food systems through sustainable solutions and is involved in regenerative agriculture to improve crop resilience [15][16]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Hormel Foods despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - Hormel Foods is expected to report quarterly earnings of $0.35 per share, reflecting a year-over-year decrease of 7.9%, while revenues are projected to be $2.9 billion, an increase of 0.6% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly reassessed their initial estimates [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Hormel is lower than the consensus estimate, resulting in an Earnings ESP of -4.35%, suggesting a bearish outlook from analysts [10]. Historical Performance - In the last reported quarter, Hormel was expected to post earnings of $0.37 per share but delivered $0.35, resulting in a surprise of -5.41%. Over the last four quarters, the company has beaten consensus EPS estimates twice [12][13]. Stock Ranking - Hormel currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [11]. Market Reaction - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [14]. Investment Considerations - While Hormel does not appear to be a compelling earnings-beat candidate, investors should consider additional factors before making investment decisions [16].

Company Overview - The PLANTERS® brand, founded in 1906, has been a leading snacking solution with a diverse portfolio including peanuts, nut mixes, and seeds, and is owned by Hormel Foods Corporation since 2021 [5] - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries, with a wide range of brands including PLANTERS®, SKIPPY®, and SPAM® [6] Product Launch - The PLANTERS® x Miller High Life® Bar Nut Mix is a new limited-edition product designed to be a bold and savory snack, ideal for summer gatherings [1][2] - This product combines seasoned peanuts, almonds, Cajun-style corn sticks, pretzel sticks, rice crackers, and garlic bread sticks, creating a nostalgic yet fresh bar snack experience [2][3] Marketing and Collaboration - The collaboration between PLANTERS® and Miller High Life® celebrates over a century of partnership, with previous campaigns including co-branded merchandise and unique promotional events [3] - The Bar Nut Mix is positioned as a simple and satisfying snack that complements Miller High Life® beer, emphasizing a casual summer hangout experience [4]

Core Insights - Hormel Foods Corporation announced that Jeff Baker will become the group vice president for Retail marketing at the end of fiscal 2025, succeeding Scott Aakre [1] - Baker has been with Hormel Foods for 35 years, holding various positions in sales, product management, and marketing, demonstrating a strong track record of growth [2][3] - The company aims to evolve its brand portfolio to align with changing consumer preferences, enhance its presence in snacking and entertaining, and drive growth in its food-forward portfolio under Baker's leadership [1][3] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and operations in over 80 countries [3] - The company’s brand portfolio includes well-known names such as PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [3] - Hormel Foods is recognized as a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [3]

Core Insights - Scott Aakre, the group vice president and chief marketing officer for Retail at Hormel Foods, will retire at the end of fiscal 2025 after 35 years with the company, but will continue to serve on the board of directors [1][2] - Aakre's marketing expertise has significantly strengthened the connection between Hormel's brands and consumers, and he is recognized for his contributions to the Austin, Minnesota community [2][4] - Hormel Foods Corporation generates approximately $12 billion in annual revenue and operates in over 80 countries, with a diverse portfolio of well-known brands [5] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with a revenue of around $12 billion [5] - The company is a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [5] Leadership Transition - Aakre has held various management positions since joining Hormel Foods in 1990, including vice president of marketing for grocery products and senior vice president of Brand Fuel [3] - His responsibilities will be transitioned internally, ensuring continuity in leadership and strategic direction [1] Community Engagement - Aakre is actively involved in community and charitable causes, having served on the board of the United Way of Mower County [4] - He was recently appointed to the board of directors of The Hormel Foundation, which beneficially owns approximately 46% of Hormel's common stock [4]