Additionally, we launched a project to increase capacity for Bacon1. Both projects use existing assets and infrastructure and are expected to generate strong returns. In the move of work stream, we implemented analytics across our refrigerated network to further enhance our service levels. We are also exploring an expansion of our refrigerated network to drive added benefits and we continue to advance our total company portfolio optimization efforts. Leveraging our analytics tools and capabilities, we are f ...

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 28, 2024 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 specified in its charter) Delaware 41-0319970 (St ...

Hormel Foods Corporation (HRL) delivered second-quarter fiscal 2024 results, wherein the top and bottom lines declined year over year, and net sales missed the Zacks Consensus Estimate. Nonetheless, earnings came in better than expected, and the company continued to see strength in its Foodservice business and improvement in the International unit. The first-half show, expected strength in the Foodservice and International segments, ongoing supply chain enhancements and gains from the transform and moderniz ...

For the quarter ended April 2024, Hormel Foods (HRL) reported revenue of $2.89 billion, down 3% over the same period last year. EPS came in at $0.38, compared to $0.40 in the year-ago quarter. The reported revenue represents a surprise of -3.35% over the Zacks Consensus Estimate of $2.99 billion. With the consensus EPS estimate being $0.35, the EPS surprise was +8.57%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Second Quarter Fiscal 2024 SUPPLEMENTAL INFORMATION Non-GAAP Information Forward-Looking Statements 2 Quarterly Supplement Working Toward the Future Supporting efforts with a long-term impact Investment in State-of-the-Art Childcare Facility Applegate® 2025 Regenerative Beef Goal INNOVATION Quarterly Supplement Bringing On-Trend Innovation to Market By continuing to innovate in fast-growing, higher-margin categories Planters® salt and vinegar cashews are designed to deliver a burst of tangy flavor. The all- ...

What's Next for Hormel? While Hormel has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Hormel Foods (HRL) came out with quarterly earnings of $0.38 ...

Delivers better-than-expected first-half earnings; advances transform and modernize initiative AUSTIN, Minn., May 30, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2024, ended April 28, 2024. All comparisons are to the comparable period of fiscal 2023, unless otherwise noted. EXECUTIVE SUMMARY — FIRST HALF EXECUTIVE SUMMARY — SECOND QUARTER EXECUTIVE COMMENTARY AND OUTLOOK "We delivered a strong f ...

AUSTIN, Minn. (May 30, 2024) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2024, ended April 28, 2024. All comparisons are to the comparable period of fiscal 2023, unless otherwise noted. EXECUTIVE SUMMARY — FIRST HALF INVESTOR CONTACT: David Dahlstrom ir@hormel.com MEDIA CONTACT: Media Relations media@hormel.com HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2024 RESULTS Delivers better-than-expected first-half earning ...

Students from over 50 colleges and universities participate in the company's 10-week, award-winning internship program AUSTIN, Minn., May 29, 2024 /PRNewswire/ -- An internship with Hormel Foods isn't your typical summer job. In fact, the majority of these talented collegiates, who will hone their skills on everything from sales and food science to engineering and marketing, will very likely receive a full-time job offer to join the Fortune 500 global branded food company. Hormel Foods converts over 70% of ...

Hormel Foods Corporation (HRL) is likely to register top-line growth when it reports second-quarter fiscal 2024 earnings on May 30. The Zacks Consensus Estimate for revenues is pegged at $2.99 billion, which suggests an increase of 0.3% from the prior-year quarter's reported figure. However, the bottom line is likely to have declined year over year. The consensus mark for quarterly earnings has decreased by 1 cent in the past seven days to 35 cents per share. This indicates a decline of 12.5% from the year- ...