Group 1: Company Overview - Hormel Foods Corporation (NYSE:HRL) is a leading American multinational manufacturer and marketer of processed food, operating in three segments: Grocery Products, Foodservice, and International [2] - The Grocery Products segment is the largest producer of manufactured meat and food products for retail sales in the U.S., featuring well-known brands such as Planters, SPAM, Skippy, Herdez, Jennie-O, and Hormel [2] Group 2: Financial Performance - Hormel Foods recently reported quarterly earnings, with analysts forecasting earnings of $0.41 per share on revenue of $2.98 billion [3] - Organic product sales increased by 6% year-on-year, while overall revenue grew by 4.5% [3] - Despite revenue growth, earnings per share declined by 5.4% year-on-year, and the company provided soft forward guidance, disappointing investors [3] Group 3: Dividend Policy - Hormel Foods has a strong dividend policy, having increased its dividends for 59 consecutive years [4] - The company declared a quarterly dividend of $0.29 per share, resulting in a dividend yield of 4.69% as of September 27 [4]

Core Insights - Hormel Foods Corporation (NYSE:HRL) is recognized as one of the 13 incredibly cheap dividend stocks to invest in [1] - The company has transitioned from a primarily meat-focused business to a broader global branded food enterprise, generating over $12 billion in annual revenue from more than 40 brands worldwide [3] - Hormel Foods is classified as a Dividend King, having increased its dividend payouts for 59 consecutive years, currently offering a quarterly dividend of $0.29 per share with a dividend yield of 4.67% as of September 19 [3] Company Overview - Hormel Foods Corporation is an American multinational food processing company operating through three main segments: retail, foodservice, and international [2] - The retail segment includes well-known brands such as Planters, SPAM, Skippy, Herdez, Jennie-O, and Hormel [2] - The foodservice division supplies products like pizza toppings and bacon to restaurants and other food outlets, while the international business encompasses global sales and investments abroad [2] Financial Performance - The company has evolved significantly, now generating more than $12 billion in annual revenue [3] - Hormel Foods has a strong track record of dividend growth, being a Dividend King with 59 years of consecutive dividend increases [3] - The current quarterly dividend is $0.29 per share, reflecting a dividend yield of 4.67% [3]

Financial Performance & Outlook - The company narrows its fiscal year 2025 net sales outlook to a range of $12.0 billion to $12.2 billion [31] - The company narrows its fiscal year 2025 operating income outlook to a range of $1.12 billion to $1.19 billion [31] - The company narrows its fiscal year 2025 adjusted operating income outlook to a range of $1.18 billion to $1.25 billion [31] - The company narrows its fiscal year 2025 diluted EPS outlook to a range of $1.49 to $1.59 [31] - The company narrows its fiscal year 2025 adjusted diluted EPS outlook to a range of $1.58 to $1.68 [31] - The company expects organic net sales growth of 2% to 3% for fiscal year 2025 [32] Segment Performance - Retail segment volume decreased by 7% year-over-year in Q2 2025, while net sales were flat and segment profit increased by 4% [18] - Foodservice segment organic net sales increased by 4% year-over-year in Q2 2025, while organic volume decreased by 1% and segment profit decreased by 6% [25] - International segment volume increased by 9% year-over-year in Q2 2025, net sales increased by 7%, and segment profit decreased by 21% [28] Strategic Initiatives - The company anticipates incremental benefits from the Transform & Modernize (T&M) initiative in the range of $100 million to $150 million for fiscal year 2025 [32]