Zacks Consensus Estimate This maker of Spam canned ham, Dinty Moore stew and other foods is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of -12.5%. Revenues are expected to be $2.99 billion, up 0.3% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their ...

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters®, SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, WHOLLY®, Hormel® Black Label®, Columbus®, Jennie- O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, on ...

A line of complex and deeply charred salsas to elevate operators' menus. ORANGE, Calif., May 16, 2024 /PRNewswire/ -- As restaurant operators continue to seek new ways to add unique and craveable dishes to menus, MegaMex Foods announces a new line of HERDEZ® Quemada Charred Salsas. Quemada (ke-mada) translates literally to "burnt" in Spanish, but in English refers to the deeply charred ingredients used in the salsas. Charring the ingredients adds depth and complexity to foods, especially salsas. These inspi ...

AUSTIN, Minn., May 9, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Colleen Batcheler has been appointed to the role of senior vice president, external affairs & general counsel. Colleen Batcheler In this critical role, Batcheler will oversee the organization's global Legal and External Affairs function, including corporate governance and securities, M&A, intellectual property, litigation, labor and employment, and legislative ...

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hormel Foods (HRL) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Hormel Foods is one of 191 companies in the Consumer Staples group. The Consumer Staples group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector R ...

Minnesota-based Hormel Foods Sales LLC issued a recall for two Planters products produced at one of its facilities and distributed to five states in the southeast portion of the US because they could cause fatal infections.Hormel produced the contaminated Honey Roasted Peanuts and Deluxe Lightly Salted Mixed Nuts for Planters at one of its facilities before distributing them to Publix warehouses in Florida, Georgia, Alabama and North Carolina as well as Dollar Tree warehouses in South Carolina and Georgia.A ...

AUSTIN, Minn., May 1, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jim Snee, chairman of the board, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; and Deanna Brady, executive vice president, Retail; to discuss the Company's second quarter financial results. The Company will issue its earnings release before the ...

The PLANTERS® brand redefines the snacking experience with the introduction of its latest delicious and innovative flavored cashewsAUSTIN, Minn., May 1, 2024 /PRNewswire/ -- Building upon the success of their irresistibly delicious flavored-cashew portfolio, the makers of the PLANTERS® brand, the No. 1 selling snack nuts brand,* are proudly unveiling their latest cashew-flavor innovation: salt & vinegar.Designed to deliver a burst of tangy flavor, the all-new PLANTERS® Salt & Vinegar cashews provide consume ...

LauriPatterson/E+ via Getty Images Investment Thesis Looking at where Hormel Foods Corporation (NYSE:HRL) is now and considering where I believe it will be in the next few years, I believe the company is a hold. The company, while performing better than some of its competitors, has seen continued margin declines over the past five to ten years, which has negatively impacted the bottom line and caused its payout ratio to steadily increase. With that in mind, and considering the current valuation, the com ...

Procter & Gamble is an easy stock to love today, but I'm also a huge fan of Hormel Foods, which is down and out.I am a dividend investor trying to build a portfolio of stocks that will help to provide me with income in retirement. When I see an attractively priced stock that has a solid business and an attractive dividend history, I go in for a deep dive.That's what got me to buy Procter & Gamble (PG -0.78%) when it was unloved by Wall Street. And why I am so fond of Hormel Foods (HRL 0.14%) today, while it ...