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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

44.57USD
14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

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

Hormel Foods reports Q4 ‍diluted EPS of $0.41​
Tuesday, 21 Nov 2017 

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 

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 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.