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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

31.53USD
25 Sep 2017
Change (% chg)

$0.26 (+0.83%)
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Latest Key Developments (Source: Significant Developments)

Hormel Foods reports Q3 EPS $0.34
Thursday, 24 Aug 2017 06:30am EDT 

Aug 24 (Reuters) - Hormel Foods Corp :Hormel Foods announces third quarter results and continued progress towards key strategic initiatives.Q3 earnings per share $0.34.Q3 sales $2.2 billion versus I/B/E/S view $2.24 billion.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Lowers FY earnings per share view to $1.54 to $1.58.Qtrly refrigerated foods operating profit up 15 percent; volume down 16 percent; sales down 6 percent.‍"We expect continued earnings pressure from higher input costs for key raw materials such as Bellies, Pork Trim, and Beef Trim"​.Qtrly grocery products operating profit up 10 percent; volume up 4 percent sales up 6 percent.‍"In face of a challenging year"​.FY2017 earnings per share view $1.65 -- Thomson Reuters I/B/E/S.  Full Article

Hormel Foods adds to its growing international portfolio with the acquisition of the Ceratti Brand
Thursday, 24 Aug 2017 06:30am EDT 

Aug 24 (Reuters) - Hormel Foods Corp :Hormel Foods adds to its growing international portfolio with the acquisition of the Ceratti Brand.Hormel Foods says ‍purchase price was approximately $104 million​.  Full Article

Hormel Foods adds to its foodservice portfolio with the acquisition of Fontanini Italian Meats and Sausages
Thursday, 17 Aug 2017 08:30am EDT 

Aug 17 (Reuters) - Hormel Foods Corp :Hormel Foods adds to its foodservice portfolio with the acquisition of Fontanini Italian Meats and Sausages.Hormel Foods Corp - ‍Transaction was structured as an asset sale with a purchase price of $425 million​.Hormel Foods Corp - ‍Has acquired Fontanini Italian Meats and Sausages from Capitol Wholesale Meats Inc​.Hormel Foods Corp - ‍Fontanini will continue operations out of facility in Chicago metropolitan area and will report into refrigerated foods segment​.  Full Article

Hormel Foods' Q2 earnings per share $0.39
Thursday, 25 May 2017 06:30am EDT 

May 25 (Reuters) - Hormel Foods Corp :Hormel Foods announces second quarter results and continued margin expansion.Q2 earnings per share $0.39.Q2 sales $2.2 billion versus I/B/E/S view $2.23 billion.Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $1.65 to $1.71.Qtrly grocery products operating profit up 15 percent; volume up 2 percent; sales up 8 percent.Hormel Foods Corp says qtrly specialty foods operating profit down 16 percent; volume down 33 percent; sales down 24 percent.Hormel Foods Corp says qtrly Jennie-O Turkey Store operating profit down 29 percent; volume down 6 percent; sales down 8 percent.Qtrly refrigerated foods operating profit flat; volume down 14 percent; sales down 6 percent.Expect pressure on Jennie-O Turkey Store to continue for remainder of fiscal year given oversupply in turkey industry.FY2017 earnings per share view $1.67 -- Thomson Reuters I/B/E/S.Expect results at Jennie-O Turkey Store to push full-year earnings toward lower end of guidance range.  Full Article

Hormel Foods Q1 earnings per share $0.44
Thursday, 23 Feb 2017 06:30am EST 

Hormel Foods Corp : Hormel foods announces record first quarter results . Q1 earnings per share $0.44 . Q1 sales $2.3 billion versus I/B/E/S view $2.28 billion . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Lowers FY 2017 earnings per share view to $1.65 to $1.71 . Hormel Foods Corp - qtrly Jennie-O Turkey Store operating profit down 25 percent . Hormel Foods Corp - company is lowering its fiscal 2017 guidance to $1.65 to $1.71 per share due to challenging market conditions in turkey industry . Hormel Foods Corp - qtrly refrigerated foods operating profit up 4 percent . Hormel Foods-tempering FY outlook for Jennie-O Turkey Store segment due to expected continuation of pricing pressure due to low commodity turkey prices . Hormel Foods Corp - tempering full year outlook for Jennie-O Turkey Store segment also due to given shortfalls in Q1 . Hormel Foods Corp qtrly grocery products operating profit up 1 percent; volume up 4 percent; sales up 7 percent . Hormel Foods Corp - qtrly refrigerated foods volume down 3 percent, Jennie-O Turkey Store volume up 22 percent . Hormel Foods Corp qtrly specialty foods operating profit flat; volume down 30 percent; sales down 19 percent .Hormel Foods Corp - high pork raw material costs continued to impact profitability of china meat business.  Full Article

Hormel Foods CEO Jeffrey Ettinger's FY 2016 total compensation was $12.2 mln
Wednesday, 21 Dec 2016 01:02pm EST 

Hormel Foods Corp : CEO Jeffrey Ettinger's FY 2016 total compensation $12.2 million versus $9.46 million in FY 2015 - sec filing .CFO Jody Feragen's FY 2016 total compensation $4.0 million versus $3.1 million in FY 2015.  Full Article

Hormel Foods reports Q4 earnings per share of $0.45
Tuesday, 22 Nov 2016 06:42am EST 

Hormel Foods Corp: Hormel foods achieves record fourth quarter and full year results . Sees FY 2017 earnings per share $1.68 - $1.74 . Q4 sales $2.6 billion versus i/b/e/s view $2.64 billion . Qtrly grocery products operating profit up 5 percent; volume up 12 percent dollar sales up 16 percent . Qtrly specialty foods operating profit down 10 percent; volume down 29 percent ; dollar sales down 20 percent . Qtrly earnings per share $0.45 . Qtrly refrigerated foods operating profit up 51 percent; volume up 9 percent; dollar sales up 8 percent . Qtrly jennie-o turkey store operating profit up 26 percent; volume up 32 percent; dollar sales up 29 percent . Fiscal 2017 earnings guidance range at $1.68 to $1.74 per share . Qtrly diluted EPS up 22 percent from Non-Gaap adjusted diluted EPS of $0.37 . FY 2017 earnings per share view $1.68 -- Thomson Reuters I/B/E/S .Q4 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.  Full Article

WH Group says unit acquires Clougherty Packing
Monday, 21 Nov 2016 05:05pm EST 

WH Group <0288.HK>: Unit and seller as seller, entered into a definitive agreement . Smithfield conditionally agreed to acquire target companies from seller . Purchase price for target companies is US$145 mln .Seller being Hormel Foods Corporation.  Full Article

Hormel Foods announced a 17 pct increase to annual dividend to shareholders
Monday, 21 Nov 2016 04:45pm EST 

Hormel Foods Corp : Announced a 17 percent increase to annual dividend to shareholders . Annual dividend on common stock of corporation was raised to $0.68 per share from $0.58 per share .Board of directors authorized first quarterly dividend of seventeen cents (17¢) a share to be paid on Feb. 15, 2017.  Full Article

Hormel Foods recommends stockholders reject unsolicited below-market price mini-tender
Wednesday, 28 Sep 2016 04:47pm EDT 

Hormel Foods : Says "recommends that stockholders do not tender their shares because offer price is below company's current share price" . Recommends stockholders reject unsolicited below-market price mini-tender offer by Trc Capital Corporation .Received notice of mini-tender offer made by Trc Capital to stockholders to buy up to 3 million shares of Co at a price of $36.25 per share.  Full Article

BRIEF-Hormel Foods reports Q3 EPS $0.34

* Hormel Foods announces third quarter results and continued progress towards key strategic initiatives