Hormel Foods(US:HRL) Seeking Alpha·2026-01-31 05:30Group 1 - The company reported strong operational performance with increasing demand in core markets, leading to heightened leasing activity and rising occupancy rates [1] - Total in-store customer spending during the Christmas quarter remained consistent with the previous year, with grocery spending rising by 6.2% compared to the same quarter last year [1] - Non-Food discount sales grew by 7.2%, while Food & Beverage and Health & Beauty segments increased by 4% and 2.4% respectively, despite a decline in Value Fashion by 1.1% [1] Group 2 - As of April 1, 2026, new ratable values across the portfolio are expected to increase by 7%, but this will be offset by an 11% reduction in rates payable for tenants due to a recently announced discount for retail, hospitality, and leisure properties [2] - The company has been disciplined in capital recycling, improving portfolio quality, and strengthening its financial position, having disposed of one retail park in Northern Ireland and one shopping center in Hemel Hempstead for a total of GBP 12.6 million [2] - A further retail park in Dumfries was exchanged for GBP 26.5 million following the execution of a value-enhancing business plan [2]