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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

44.57USD
14 Dec 2018
Change (% chg)

$-0.74 (-1.63%)
Prev Close
$45.31
Open
$45.21
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$44.50
Volume
580,321
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743,474
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$46.26
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$31.71

Latest Key Developments (Source: Significant Developments)

Jennie-O Turkey Store Issues Limited Voluntary Recall Of Raw Ground Turkey Products
Friday, 16 Nov 2018 09:48am EST 

Nov 16 (Reuters) - Jennie-O Turkey Store::JENNIE-O TURKEY STORE PROVIDES INFORMATION ON LIMITED VOLUNTARY RECALL OF RAW GROUND TURKEY PRODUCTS.JENNIE-O TURKEY STORE - "CONCERNED TO LEARN THAT SOMEONE BECAME ILL AFTER EXPOSURE TO SALMONELLA IN A RAW TURKEY PRODUCT".  Full Article

Hormel Foods Q1 Earnings Per Share $0.56
Thursday, 22 Feb 2018 06:30am EST 

Feb 22 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES RECORD FIRST QUARTER RESULTS AND INCREASES GUIDANCE DUE TO TAX REFORM.Q1 EARNINGS BENEFITED FROM $63 MILLION, OR EPS OF $0.12, IN ONE-TIME TAX EVENTS.SEES FY 2018 EARNINGS PER SHARE $1.81 TO $1.95.QTRLY JENNIE-O TURKEY STORE NET SALES DOWN 7%‍​.QTRLY REFRIGERATED FOODS VOLUME DOWN 8%; NET SALES UP 5%; SEGMENT PROFIT DOWN 18%.Q1 EARNINGS PER SHARE $0.56.QTRLY JENNIE-O TURKEY STORE SEGMENT PROFIT DOWN 27%‍​.Q1 SALES ROSE 2 PERCENT TO $2.3 BILLION.QTRLY INTERNATIONAL & OTHER VOLUME UP 14%; NET SALES UP 19%; SEGMENT PROFIT DOWN 3%.QTRLY JENNIE-O TURKEY STORE VOLUME DOWN 4%‍​.SEES 2018 NET SALES $9.70 BILLION - $10.10 BILLION.FY2018 EARNINGS PER SHARE VIEW $1.73, REVENUE VIEW $9.88 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY GROCERY PRODUCTS NET SALES UP 1% ‍​.QTRLY GROCERY PRODUCTS VOLUME DOWN 1%.QTRLY GROCERY PRODUCTS SEGMENT PROFIT UP 8% ‍​.HORMEL FOODS - RAISE OUR STARTING WAGE FOR ALL EMPLOYEES TO $13 PER HOUR BY END OF FISCAL 2018 AND TO $14 PER HOUR BY END OF FISCAL 2020.Q1 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $2.41 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.73, REVENUE VIEW $9.88 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Hormel Foods CEO James Snee's FY 2017 Total Compensation Was $6.3 Mln Vs $3.5 Mln In FY 2016
Wednesday, 20 Dec 2017 08:35am EST 

Dec 20 (Reuters) - Hormel Foods Corp ::HORMEL FOODS CORP SAYS CEO JAMES SNEE'S FY 2017 TOTAL COMPENSATION WAS $6.3 MILLION VERSUS $3.5 MILLION IN FY 2016 - SEC FILING.  Full Article

Hormel Foods Closes Columbus Manufacturing Deal, Raises Fiscal 2018 Outlook
Monday, 27 Nov 2017 06:07pm EST 

Nov 27 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES CLOSING OF ACQUISITION OF COLUMBUS MANUFACTURING INC, MAKER OF COLUMBUS CRAFT MEATS.‍INCREASING ITS FISCAL 2018 NET SALES GUIDANCE TO $9.7 - $10.1 BILLION​.‍INCREASING ITS EARNINGS PER SHARE GUIDANCE TO $1.62 - $1.72 PER SHARE FOR FISCAL 2018​.FY2018 EARNINGS PER SHARE VIEW $1.64, REVENUE VIEW $9.76 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Hormel Foods announces merger of its Grocery Products and Specialty Foods segments
Tuesday, 21 Nov 2017 06:31am EST 

Nov 21 (Reuters) - Hormel Foods Corp :Hormel Foods announces the strategic merger of its Grocery Products and Specialty Foods segments.Hormel Foods - ‍specialty Foods segment been merged into Grocery Products segment,will continue to be led by Luis Marconi, group VP, Grocery Products​.  Full Article

Hormel Foods reports Q4 ‍diluted EPS of $0.41​
Tuesday, 21 Nov 2017 06:30am EST 

Nov 21 (Reuters) - Hormel Foods Corp ::Q4 revenue $2.5 billion.Hormel foods announces full year and fourth quarter results and provides guidance for fiscal 2018.Q4 revenue view $2.42 billion -- Thomson Reuters I/B/E/S.Hormel foods corp qtrly ‍diluted eps of $0.41​.Hormel foods corp - sees ‍fiscal 2018 net sales guidance $9.40 billion - $9.80​ billion.Hormel foods corp - sees ‍fiscal 2018 earnings per share guidance $1.60 - $1.70​.Hormel foods corp qtrly ‍ specialty foods volume down 8%; organic volume down 1%​.Hormel foods corp qtrly ‍ specialty foods net sales down 9%; organic net sales down 2%​.Hormel foods corp - qtrly ‍grocery products volume down 4%, organic volume up 4%​.Hormel foods corp qtrly ‍jennie-o turkey store volume down 7%; organic volume flat​.Hormel foods corp - qtrly ‍grocery products net sales down 1%, organic net sales up 7%​.Hormel foods corp qtrly ‍jennie-o turkey store net sales down 10%; organic net sales down 4%​.Hormel foods corp - ‍qtrly refrigerated foods volume down 17% , organic volume up 1%​.Hormel foods corp - ‍qtrly refrigerated foods​ net sales down 6% , organic net sales up 8%.Hormel foods - ‍fiscal 2018 net sales and eps guidance exclude pending acquisition of columbus craft meats, which is expected to close in december​.Hormel foods corp - ‍columbus craft meats transaction is expected to be 2-3 cents per share accretive to earnings in fiscal 2018​.  Full Article

Hormel Foods announces increase to annual dividend
Monday, 20 Nov 2017 04:30pm EST 

Nov 20 (Reuters) - Hormel Foods Corp ::Hormel Foods announces 52nd consecutive increase to annual dividend.Hormel Foods Corp - ‍annual dividend on common stock of Corporation was raised to $0.75 per share from $0.68 per share​.Hormel Foods Corp - ‍board of directors authorized first quarterly dividend of eighteen and three fourths cents a share to be paid on Feb. 15, 2018​.  Full Article

Hormel Foods chairman Jeffrey Ettinger to retire
Wednesday, 27 Sep 2017 06:30am EDT 

Sept 27 (Reuters) - Hormel Foods Corp :Hormel Foods announces the retirement of Jeffrey M. Ettinger as chairman of the board. Jim Snee, Hormel Foods president and CEO, elected as chairman.Hormel Foods - Board elected Jim Snee to be company's next chairman of board, effective November 20, 2017, adding to Snee's current responsibilities as CEO.  Full Article

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 sees up to 6 cents tariff impact on annual profit

Hormel Foods Corp's quarterly sales missed estimates on Thursday and the packaged food maker said its profit will take a hit of up to six cents per share annually due to the U.S.-China tariffs, sending its stock down as much as 5.5 percent.