Hormel Foods Corporation (NYSE:HRL) Q4 2020 Earnings Conference Call November 24, 2020 10:00 AM ET Company Participants Nathan Annis - Director of Investor Relations Jim Snee - Chairman, President, and Chief Executive Officer Jim Sheehan - Executive Vice President and Chief Financial Officer Conference Call Participants Adam Samuelson - Goldman Sachs Peter Galbo - Bank of America Merrill Lynch Ben Bienvenu - Stephens, Inc. Robert Moskow - Credit Suisse Michael Lavery - Piper Sandler Rupesh Parikh - Oppenhei ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 26, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________________________ to ________________________________________ (Address of Principal Executive Office, including zip code) (507) 437-5611 (Registrant's t ...

Hormel Foods Corporation (NYSE:HRL) Q3 2020 Earnings Conference Call August 25, 2020 10:00 AM ET Company Participants Nathan Annis - Director, IR Jim Snee - Chairman, President, and CEO Jim Sheehan - EVP and CFO Conference Call Participants Benjamin Theurer - Barclays Rupesh Parikh - Oppenheimer & Company Ben Bienvenu - Stephens, Inc. Michael Lavery - Piper Sandler Ken Zaslow - BMO Capital Markets Thomas Palmer - J.P. Morgan Heather Jones - Heather Jones Research Peter Galbo - Bank of America Merrill Lynch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 26, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________________________ to ________________________________________ Commission File Number: 1-2402 HORMEL FOODS CORPORATION (Exact name of registrant as spec ...

Hormel Foods Corporation (NYSE:HRL) Q2 2020 Earnings Conference Call May 21, 2020 9:00 AM ET Corporate Participants Nathan Annis - Director, Investor Relations Jim Snee - Chairman, President and Chief Executive Officer Jim Sheehan - Executive Vice President and Chief Financial Officer Conference Call participants Tom Palmer - JPMorgan Heather Jones - Heather Jones Research Erica Eiler - Oppenheimer Ken Zaslow - Bank of Montreal Peter Galbo - Bank of America Adam Samuelson - Goldman Sachs Michael Lavery - Pi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 26, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________________________ to ________________________________________ Commission File Number: 1-2402 HORMEL FOODS CORPORATION (Exact name of registrant as sp ...

Financial Data and Key Metrics Changes - Earnings per share for the quarter was $0.45, in line with expectations and comparable to last year [13][30] - Net sales for the quarter were $2.4 billion, up 1%, while organic net sales increased by 4% [29] - Pretax earnings were $290 million, down 5%, primarily due to the sale of CytoSport [29] - Operating margins were 11.8%, compared to 13% last year, driven by lower gross margins in Grocery Products [32] Business Segment Performance Changes - Refrigerated Foods grew volume by 3% and sales by 6%, with strong demand across value-added businesses [14] - Jennie-O Turkey Store delivered a second consecutive quarter of volume, sales, and profit growth, driven by higher volumes and pricing [19][20] - Grocery Products volume declined by 14% and sales by 11%, primarily due to the divestiture of CytoSport [21] - International segment saw volume and sales increase, primarily due to fresh pork exports and strong growth in China, but profit declined by 20% due to higher pork prices [24] Market Data and Key Metrics Changes - The demand for foodservice products in China has dropped significantly due to the coronavirus outbreak, while retail sales of shelf-stable products like SPAM and Skippy have increased [26] - The hog market prices were lower during the quarter, but the balanced mix of hog contracts limited profit potential [16][40] - Overall, turkey inventory in cold storage is down 23% compared to last year, indicating a tightening market [41] Company Strategy and Industry Competition - The acquisition of Sadler's Smokehouse is aimed at strengthening the foodservice segment and expanding into retail and deli channels [9][12] - The company is focused on growing deli and foodservice brands as a top priority, with significant investments in marketing and capital [13][34] - The strategic shift in Hormel Chili's promotional strategy aims to improve long-term profitability by reallocating promotional expenses to advertising [23] Management's Comments on Operating Environment and Future Outlook - Management expects a difficult second quarter for the International segment due to the impact of the coronavirus, but a more favorable second half if the outbreak is contained [26] - The company is maintaining its full-year earnings guidance at $1.69 to $1.83 per share and sales guidance at $9.5 billion to $10.3 billion [27] - Management is closely monitoring market conditions and is prepared to take pricing actions if necessary [52] Other Important Information - Capital expenditures for the year are expected to be approximately $360 million, with significant projects underway [33] - The company did not repurchase stock in the first quarter, focusing instead on the acquisition of Sadler's [34] Q&A Session Summary Question: On the acquisition and CapEx - Management indicated that the acquisition will involve some facility upgrades but does not expect to modify the overall CapEx budget of $360 million [45] Question: On ASF and pricing strategies - Management confirmed that they have taken hedge positions to manage volatility and are monitoring market conditions closely due to uncertainties from ASF and the coronavirus [51][52] Question: On segment guidance and grocery outlook - Management confirmed that Refrigerated Foods and Jennie-O are expected to be up year-over-year, while uncertainty remains in the International segment and Grocery Products [56] Question: On inventory and pricing - Management acknowledged that they have been building inventory in anticipation of higher costs and are making decisions based on market conditions [81] Question: On the impact of the coronavirus in China - Management reported that foodservice sales in China have come to a halt, but retail sales of shelf-stable products are increasing [72] Question: On profitability in Grocery Products - Management noted that SKIPPY's profitability is impacted by deflationary pricing actions and emphasized the need for effective promotional strategies [92]

Table of Contents or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to _________________________ Commission File Number: 1-2402 HORMEL FOODS CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 27, 2019 (Exact name of registrant as specified in its chart ...

Hormel Foods Corporation (NYSE:HRL) Q4 2019 Earnings Conference Call November 26, 2019 9:00 AM ET Company Participants Nathan Annis - Director of Investor Relations Jim Snee - Chairman, President & Chief Executive Officer Jim Sheehan - Executive Vice President & Chief Financial Officer Conference Call Participants Eric Larson - Buckingham Research Group Ken Zaslow - Bank of Montreal Thomas Palmer - JPMorgan Ben Bienvenu - Stephens Michael Lavery - Piper Jaffray Heather Jones - Heather Jones Research Robert ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 28, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________________________ to ________________________________________ Commission File Number: 1-2402 HORMEL FOODS CORPORATION (Exact name of registrant as speci ...