Hormel Foods Corporation Stock News

AUSTIN, Minn., Oct. 30, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference ca

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Hormel Foods (HRL) plans to achieve organic net sales growth of 2-3% and grow its operating income by more than $250 million by 2026.

1 Dividend Legend Potentially Set To Soar And 2 To Ignore

Hormel Foods (HRL) Corp. was the worst-performing stock in the S&P 500 Thursday as the maker of Spam, Skippy peanut butter, and other foods released an updated strategic plan, and settled a new contra

Hormel Foods' valuation has defied logic, with high multiples despite extremely poor growth. The company announced a strategic plan to accelerate investments and deliver $250 million in operating inco

Hormel expects operating income to grow 5% to 7% annually over the next three years. The company will also now pay its unionized workforce $3 to $6 an hour more.

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Hormel shares tumbled to a five-year low as workers bring home the bacon with their new labor contract, providing big wage and benefit gains.

The food manufacturer's stock is on pace for its worst day in more than a decade.

Hormel Foods Corp.'s HRL, -8.39% stock was down 8.7% to $33.11 a share on Thursday morning as the worst performer in the S&P 500 SPX, -0.12%. The food company is on track for its lowest close since Ma

Hormel Foods Corporation shares have been trading in a stagnant fashion and even declining, trading near the lowest levels in a decade. Earnings have slipped due to a big acquisition and inflationary