Hormel Foods Stock News

Hormel Foods' (HRL) first-quarter fiscal 2022 results reflect higher net sales and earnings driven by brand strength, higher pricing and continued recovery in the foodservice unit.

Hormel Foods' (HRL) first-quarter fiscal 2022 results reflect higher net sales and earnings driven by brand strength, higher pricing and continued recovery in the foodservice unit.

Hormel <> Q1 shows record net sales of $3B, up 24%; organic net sales up 13%.Operating income of $320M, up 19%Operating margin of 10.5%, compared to 10.9% last yearPretax earnings…

Hormel Foods Corporation (HRL) CEO Jim Snee on Q1 2022 Results - Earnings Call Transcript

Hormel Foods Corp (NYSE: HRL ) reported first-quarter FY22 sales growth of 24% year-on-year, to $3.04 billion, beating the consensus of $2.93 billion. Organic net sales improved 13%. EPS of $0.44 was in line with Street view. The gross margin contracted 60 basis points Y/Y to 17.7%. The operating margin … Full story available on Benzinga.com

Hormel (HRL) delivered earnings and revenue surprises of 2.33% and 5.85%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Shares of Hormel Foods Corp. rose 0.8% in premarket trading Tuesday, after the foods company, which brands include Planters, SPAM, Skippy and Hormel, reported fiscal first-quarter profit that matched expectations but revenue that rose above forecasts, with strongest growth in grocery products. Net income for the quarter to Jan. 30 rose to $239.6 million, or 44 cents a share, from $222.3 million, or 41 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 44 cents. Sales grew 23.7% to $3.04 billion, to beat the FactSet consensus of $2.92 billion, as refrigerated foods sales rose 19%, grocery products sales jumped 48% and Jennie-O Turkey Store sales increased 15%. The increase in cost of products sold outpaced sales growth at 24.6%, to lower gross margin to 17.7% from 18.3%. The company affirmed its fiscal 2022 guidance ranges for EPS of $1.87 to $2.03 and for sales of $11.7 billion to $12.5 billion, which compares with the FactSet EPS consensus of $1.94 and sales consensus of $12.25 billion.

Hormel Foods press release (HRL): Q1 GAAP EPS of $0.44 in-line.Revenue of $3.04B (+23.6% Y/Y) beats by $120M.Shares +1% PM.Volume of 1.2 billion lbs., up 2%; organic volume down…

Hormel (HRL) delivered earnings and revenue surprises of 2.33% and 5.85%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Shares of Hormel Foods Corp. HRL, -1.69% rose 0.8% in premarket trading Tuesday, after the foods company, which brands include Planters, SPAM, Skippy and Hormel, reported fiscal first-quarter profit t

Hormel Foods (NYSE:HRL) is scheduled to announce Q1 earnings results on Tuesday, March 1st, before market open.The consensus EPS Estimate is $0.44 and the consensus Revenue Estimate…

Hormel Foods' (HRL) first-quarter fiscal 2022 performance is likely to reflect sustained demand in the retail and deli channel. Acceleration in the foodservice business is also an upside.

Hormel Foods' (HRL) first-quarter fiscal 2022 performance is likely to reflect sustained demand in the retail and deli channel. Acceleration in the foodservice business is also an upside.