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Hormel Foods Corp (HRL)

HRL on New York Consolidated

33.81USD
2 Dec 2016
Change (% chg)

$0.52 (+1.56%)
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Latest Key Developments (Source: Significant Developments)

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

Hormel Foods Qtrly EPS $0.36
Thursday, 18 Aug 2016 06:35am EDT 

Hormel Foods Corp : Hormel Foods achieves record third quarter results and raises full year guidance . Raises FY 2016 earnings per share view to $1.60 to $1.64 . Qtrly refrigerated foods operating profit up 24 percent; volume up 3 percent; dollar sales up 9 percent . Qtrly grocery products operating profit flat; volume up 1 percent; dollar sales up 3 percent . Qtrly earnings per share $0.36 . Hormel Foods Corp says increasing our 2016 annual guidance to $1.60 to $1.64 per share from $1.56 to $1.60 per share . Hormel foods corp says expect to show sales and earnings growth in fiscal 2017 . Qtrly record dollar sales of $2.3 billion, up 5 percent; volume up 1 percent . Q3 earnings per share view $0.35, revenue view $2.26 billion -- Thomson Reuters I/B/E/S . Qtrly jennie-o turkey store operating profit up 59 percent; volume up 29 percent; dollar sales up 20 percent . Qtrly specialty foods operating profit down 13 percent; volume down 32 percent; dollar sales down 25 percent . Expects to show sales and earnings growth in fiscal 2017 .FY2016 earnings per share view $1.59 -- Thomson Reuters I/B/E/S.  Full Article

Hormel foods says CFO, JODY H Feragen to retire
Wednesday, 25 May 2016 06:30am EDT 

Hormel Foods Corp : Says james n. Sheehan appointed cfo . Says cfo jody h. Feragen to retire . Jody h. Feragen to retire as executive vice president and cfo a . Sheehan was most recently elected as vice president and chief accounting officer for company .Hormel foods announces chief financial officer retirement and appointment.  Full Article

Hormel Foods Q2 earnings per share $0.40
Wednesday, 18 May 2016 06:45am EDT 

Hormel Foods Corp Qtrly Jennie : Raising fiscal 2016 earnings guidance range from $1.50 to $1.56 per share to $1.56 to $1.60 per share . Qtrly grocery products operating profit up 21 percent; volume down 1 percent; dollar sales up 1 percent . O turkey store operating profit up 20 percent; volume down 5 percent; dollar sales down 4 percent . Qtrly refrigerated foods operating profit up 13 percent; volume up 3 percent; dollar sales up 7 percent . Hormel foods corp qtrly specialty foods operating profit up 74 percent; volume down 2 percent; dollar sales down 5 percent . "we expect international to return to growth in back half of fiscal 2016" . During quarter, "excellent results in refrigerated foods and grocery products were driven by favorable pork operating margins" . International segment was challenged by weak exports and high pork costs in china . International segment "was challenged by weak exports and high pork costs in china" during quarter . Qtrly profit for refrigerated foods increased 13 percent; including applegate, sales were up 7 percent during quarter . Expect international segment to return to growth in back half of 2016 led by export sales of spam family of products,skippy peanut butter . Qtrly jennie-o turkey store sales down 4 percent reflecting volume shortfalls from impact of avian influenza in fiscal 2015 . Hormel foods achieves record second quarter results and raises fiscal 2016 guidance . Q2 earnings per share $0.40.  Full Article

Hormel Foods to buy Justin's specialty nut butter brand
Wednesday, 18 May 2016 06:30am EDT 

Hormel Foods Corp : Hormel Foods announces acquisition of Justin's specialty nut butter brand . Hormel foods corp says Justin's will continue operating out of their office in Boulder, Colo., as a subsidiary in company's grocery products segment .Says Hormel Foods was advised by HT Capital Advisors. Piper Jaffray & Co. Was exclusive advisor to Justin's.  Full Article

Hormel Foods Corporation Declares Quarterly Dividend
Tuesday, 29 Mar 2016 04:26pm EDT 

Hormel Foods Corporation:Says that its quarterly dividend on the common stock, authorized by the Board of Directors at fourteen and a half cents (14.5¢) a share on March 29, 2016, will be paid May 16, 2016, to stockholders of record at the close of business on April 18, 2016.  Full Article

Hormel Foods Corp raises FY 2016 EPS guidance
Tuesday, 16 Feb 2016 06:30am EST 

Hormel Foods Corp:Says strong earnings performance in Q1, led by Refrigerated Foods, Grocery Products, and Specialty Foods, along with positive momentum at Jennie-O Turkey Store, has given the company confidence to raise FY 2016 earnings guidance range from $1.43 to $1.48 per share to $1.50 to $1.56 per share.  Full Article

Hormel Foods Corp recalls beef products - Datamonitor
Friday, 12 Feb 2016 08:03am EST 

Hormel Foods Corp:The USDA's Food Safety and Inspection Service, or FSIS, has announced that Hormel Foods Corporation is recalling approximately 450 pounds of beef products that may be contaminated with extraneous materials - Datamonitor.The Dinty Moore Beef Stew items were produced on January 26, 2016.15-ounce cans of "Dinty Moore Hearty Meals No Preservatives Beef Stew" with Best By date February 2019 and production date T01266 has been recalled.The products subject to recall bear establishment number "EST. 199G" inside the USDA mark of inspection.These items were shipped to Kroger locations in Texas and Louisiana.The problem was discovered during the plant's routine inspection activities. After discovering and recovering parts of a flashlight from the production area, the company placed all product produced during this timeframe on hold.  Full Article

Hormel Foods Corp gives FY 2016 EPS guidance above analysts' estimates
Tuesday, 24 Nov 2015 06:30am EST 

Hormel Foods Corp:Sets FY 2016 earnings guidance range at $2.85 to $2.95 per share.FY 2016 EPS of $2.83 - Thomson Reuters I/B/E/S.  Full Article

Hormel Foods Corp issues limited U.S. recall of Skippy peanut butter - Reuters
Thursday, 29 Oct 2015 03:49pm EDT 

Hormel Foods Corp:Hormel Foods Corp said on Thursday that it was voluntarily recalling a limited number of jars of its Skippy peanut butter in seven U.S. states because they might contain small pieces of metal shavings - RTRS.The recall involves 153 cases, or 1,871 pounds, of Skippy Reduced Fat Creamy Peanut Butter Spread. It is limited to 16.3 ounce jars with a "Best If Used By" date of DEC1416LR1 with a package UPC code of 37600-10500 - RTRS.The jars were sent to distribution centers for Publix, Target and Walmart located in Georgia, Virginia, Alabama, North Carolina, South Carolina, Delaware and Arkansas, Hormel said - RTRS.A Hormel spokesman said in an email that the metal shavings entered the jars because of an equipment malfunction that has since then been repaired - RTRS.Foodborne objects that are greater than 7 mm (1/4 inch) in length may cause injury such as severe choking with airway obstruction, gastrointestinal perforation or secondary infection - RTRS.  Full Article

BRIEF-Hormel Foods reports Q4 earnings per share of $0.45

* Hormel foods achieves record fourth quarter and full year results