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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hormel Foods Corp - Qtrly Net Sales Of $2.4 Billion, Up 1%
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Hormel Foods Corp ::HORMEL FOODS REPORTS FIRST QUARTER RESULTS AND REAFFIRMS FISCAL 2019 GUIDANCE.FISCAL 2019 EARNINGS GUIDANCE REAFFIRMED AT $1.77 TO $1.91 PER SHARE.QTRLY NET SALES OF $2.4 BILLION, UP 1%.HORMEL FOODS SAYS THREE OF FOUR SEGMENTS GENERATED EARNINGS GROWTH, WHICH KEEPS CO ON TRACK TO DELIVER OUR FULL-YEAR GUIDANCE.QTRLY GROCERY PRODUCTS VOLUME UP 3% ; QTRLY GROCERY PRODUCTS NET SALES UP 1%.QTRLY DILUTED EARNINGS PER SHARE OF $0.44.QTRLY REFRIGERATED FOODS VOLUME DOWN 1%.QTRLY REFRIGERATED FOODS NET SALES UP 2%.QTRLY GROCERY PRODUCTS VOLUME UP 3%.QTRLY INTERNATIONAL & OTHER VOLUME UP 1% ; QTRLY INTERNATIONAL & OTHER NET SALES UP 2%.FY2019 EARNINGS PER SHARE VIEW $1.83, REVENUE VIEW $9.82 BILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $2.39 BILLION -- REFINITIV IBES DATA.QTRLY JENNIE-O TURKEY STORE VOLUME FLAT.QTRLY JENNIE-O TURKEY STORE NET SALES FLAT.  Full Article

Hormel Foods Announces Sale Of CytoSport To PepsiCo
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Hormel Foods Corp ::PRESS RELEASE - HORMEL FOODS ANNOUNCES THE SALE OF CYTOSPORT TO PEPSICO.HORMEL FOODS CORP - ENTERED INTO A DEFINITIVE AGREEMENT TO SELL ITS CYTOSPORT BUSINESS TO PEPSICO, INC..HORMEL FOODS CORP - ENTERED INTO A DEFINITIVE AGREEMENT TO SELL ITS CYTOSPORT BUSINESS TO PEPSICO.  Full Article

Jennie-O Turkey Says Recalled Raw Ground Turkey Products No Longer Available In Stores
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Jennie-O Turkey::JENNIE-O TURKEY SAYS RAW GROUND TURKEY PRODUCTS RECALLED NO LONGER AVAILABLE ON STORE SHELVES.  Full Article

Hormel Foods Announces 53rd Consecutive Increase To Annual Dividend
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES 53RD CONSECUTIVE INCREASE TO ANNUAL DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.21PER SHARE.ANNUAL DIVIDEND ON COMMON STOCK OF CORPORATION WAS RAISED TO $0.84 PER SHARE FROM $0.75 PER SHARE..  Full Article

Hormel Foods CEO Says Tariffs To Hit EPS By 4-6 Cents Annually
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Hormel Foods Corp ::WE DO SEE RISK FROM TARIFFS, WHICH COULD NEGATIVELY IMPACT FRESH PORK EXPORTS AND THE SEGMENT'S RESULTS - CONF CALL.ON CONF CALL-" AS WE LOOK TO OUR FOURTH QUARTER, WE EXPECT TO REMAIN ON TRACK WITH OUR PREVIOUS EARNINGS GUIDANCE".CONTINUE TO SEE DOUBLE DIGIT INCREASES IN FREIGHT COSTS.HOG EXPORTS REMAIN UNCERTAIN, IMPACTED BY MULTIPLE ROUNDS OF TARIFFS AND RECENT ANIMAL HEALTH ISSUES IN CHINA.HOG PRICES WERE 10 PERCENT LOWER THAN LAST YEAR IN Q3 AND SEE HOG PRICES TO BE LOWER THAN LAST YEAR IN Q4."MARKET COSTS FOR FEED WERE HIGHER COMPARED TO LAST YEAR. WE EXPECT FEED COSTS TO BE HIGHER YEAR-OVER-YEAR IN THE FOURTH QUARTER".CFO -"VARIOUS MARKET FACTORS, INCLUDING TARIFFS, FREIGHT, SUPPLY LEVELS AND DEMAND HAVE ALL CREATED MARKET VOLATILITY".HORMEL FOODS ON TARIFF IMPACT - FOR THE BACK HALF OF THE YEAR, IT'S ABOUT 1 TO 2 CENTS, PRIMARILY COMING FROM EXPORT BUSINESS, FRESH PORK EXPORTS.HORMEL FOODS CEO- TARIFFS TO HIT EPS BY 4 TO 6 CENTS ANNUALLY DUE TO LEVIES ON PORK, STEEL AND ALUMINUM.  Full Article

Hormel Foods Reports Qtrly Earnings Per Share Of $0.39
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES RECORD THIRD QUARTER RESULTS AND REAFFIRMS FISCAL 2018 EARNINGS GUIDANCE.QTRLY DILUTED EARNINGS PER SHARE OF $0.39.QTRLY NET SALES OF $2.4 BILLION, UP 7%.HORMEL FOODS - QTRLY ORGANIC NET SALES FLAT.Q3 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $2.38 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.86, REVENUE VIEW $9.71 BILLION -- THOMSON REUTERS I/B/E/S.PURCHASE PRICE FOR SALE OF FREMONT PROCESSING FACILITY WAS $30 MILLION IN CASH.  Full Article

Hormel Foods Sells Fremont, Nebraska Processing Facility To Wholestone Farms
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Hormel Foods Corp ::HORMEL FOODS CORPORATION AND WHOLESTONE FARMS ANNOUNCE THE SALE OF FREMONT, NEB., PROCESSING FACILITY TO WHOLESTONE FARMS, LLC.HORMEL FOODS CORP - TRANSACTION INCLUDES A PROCESSING FACILITY AND A MULTIYEAR AGREEMENT TO SUPPLY PORK RAW MATERIALS TO HORMEL FOODS.HORMEL FOODS CORP - FREMONT PLANT MANAGEMENT TEAM AND WORKFORCE WILL REMAIN IN PLACE.  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 

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 

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 

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

UPDATE 1-U.S. farmers face devastation following Midwest floods

WINSLOW, Neb./CHICAGO, March 20 Midwestern farmers have been gambling they could ride out the U.S.-China trade war by storing their corn and soybeans anywhere they could - in bins, plastic tubes, in barns or even outside.