Hormel Foods Corporation (HRL) - NYSE
  • Mar. 4, 2015, 10:11 AM
    • McDonald's (MCD -0.5%) will stop buying chickens raised with human antibiotics in a gradual process, according to a report from Reuters.
    • An announcement by the company is expected later today.
    • The development could be a "tipping point" in the poultry industry, notes industry insider Jonathan Kaplan.
    • Shares of chicken-focused Pilgrim's Pride (PPC -1.5%) are lower - while Tyson Foods (TSN -1%), Sanderson Farms (SAFM -0.6%), and Hormel (HRL -0.6%) could all be impacted by a heightened focus on the use of antibiotics with livestock.
    • Buffalo Wild Wings (BWLD -1.7%) is also on watch as a company that buys a fair amount of chicken from suppliers.
    | Mar. 4, 2015, 10:11 AM | 22 Comments
  • Feb. 19, 2015, 8:52 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 3% in FQ1.
    • Revenue by segment: Grocery Products: $409.75M (+2%); Refrigerated Foods: $1.14B (+1.4%); Jennie-O Turkey Store: $440.02M (+10.2%); Specialty Foods: $263.27M (+34.3%); International & Other: $137.81M (+17.4%).
    • Gross profit rate improved 78 bps to 18.56%.
    • Adjusted segment operating profit rate rose 113 bps to 12.05%.
    • The company expects FY2015 adjusted EPS to be in the range of $2.50 to $ 2.60.
    • HRL +0.93% premarket.
    | Feb. 19, 2015, 8:52 AM | 2 Comments
  • Feb. 19, 2015, 6:33 AM
    • Hormel Foods (NYSE:HRL): FQ1 EPS of $0.69 beats by $0.05.
    • Revenue of $2.4B (+7.1% Y/Y) misses by $70M.
    | Feb. 19, 2015, 6:33 AM
  • Feb. 18, 2015, 5:30 PM
    | Feb. 18, 2015, 5:30 PM | 7 Comments
  • Feb. 12, 2015, 4:47 PM
    • Hormel Foods (NYSE:HRL) is in late-stage talks to acquire Applegate Farms, a producer of organic hot dogs, bacon and sausages, Reuters reports.
    • A deal reportedly could be announced as early as next week and value the privately-held company at $600M-$1B.
    • A sale would be the latest of several high-profile deals in the food sector, including Hershey's purchase of Krave, Post's purchase of Michael Foods, and Tyson's $8.6 takeover of Hillshire.
    | Feb. 12, 2015, 4:47 PM
  • Feb. 6, 2015, 11:42 AM
    • Closely held organic and natural meat producer Applegate Farms has hired Goldman Sachs to assist with a sale, and could fetch something in the area of $500M, reports the WSJ.
    • Protein's the thing, and a sale of Applegate would add to last year's Tyson Foods (NYSE:TSN) $7.7B purchase of Hillshire Brands, Post Holdings' (NYSE:POST) acquisition of Michael Foods, and Hormel's (NYSE:HRL) buy of CytoSport Holdings.
    • The Journal reports several industry players have expressed interest, but doesn't necessarily name the above companies.
    | Feb. 6, 2015, 11:42 AM
  • Jan. 21, 2015, 12:14 PM
    • Hormel Foods (NYSE:HRL) will report FQ1 results on Feb. 19 before the market opens.
    • The conference call is scheduled to begin at 9.00 a.m. ET (8.00 a.m. CT).
    • Consensus view is EPS of $0.64 on revenues of $2.47B.
    | Jan. 21, 2015, 12:14 PM
  • Nov. 25, 2014, 9:35 AM
    • Hormel Foods (HRL) reports solid revenue and operating profit gains for its Refrigerated Foods and Jennie-O Turkey Store segments in FQ4 which helped to offset a slip in Grocery Products.
    • Record high meat raw material costs took a toll on the grocery business for Hormel.
    • Guidance: Hormel expects sales growth of over 5% and earnings growth to exceed 10% for FY15. The company sees FY15 EPS of $2.45-$2.55 vs. $2.58 consensus.
    | Nov. 25, 2014, 9:35 AM
  • Nov. 25, 2014, 9:09 AM
    • Hormel Foods (NYSE:HRL) declares $0.25/share quarterly dividend, 25% increase from prior dividend of $0.20.
    • Forward yield 1.84%
    • Payable Feb. 17; for shareholders of record Jan 20; ex-div Jan 16.
    | Nov. 25, 2014, 9:09 AM | 1 Comment
  • Nov. 25, 2014, 6:33 AM
    • Hormel Foods (NYSE:HRL): FQ4 EPS of $0.63 misses by $0.01.
    • Revenue of $2.54B (+9.5% Y/Y) beats by $20M.
    | Nov. 25, 2014, 6:33 AM
  • Nov. 24, 2014, 5:30 PM
  • Nov. 17, 2014, 12:03 PM
    • Tyson Foods (TSN +4.8%) saw strong pricing in beef and pork help boost its bottom line in FQ4.
    • Though a consumer trade-down to chicken could shift the mix over the next quarter, the company thinks sales to restaurants will improve.
    • Other meat stocks are also gaining off the strong read from Tyson.
    • Gainers: Hormel (NYSE:HRL) +0.7%, Sanderson Farms (NASDAQ:SAFM) +0.9%, Pilgrim's Pride (NASDAQ:PPC) +1.3%, Cal-Maine Foods (NASDAQ:CALM) +1.1%.
    | Nov. 17, 2014, 12:03 PM | 1 Comment
  • Oct. 9, 2014, 10:58 AM
    • Consumer staples stocks continue to persevere amid a broad market decline.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
    • Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
    | Oct. 9, 2014, 10:58 AM | 1 Comment
  • Aug. 21, 2014, 9:53 AM
    • Hormel (HRL +3.7%) trade higher after besting estimates with its FQ2 report and reaffirming guidance.
    • The company says strong demand for turkey and pork helped to offset some challenges in the Grocery Products and Specialty Foods segments.
    • International profits were up 12% Y/Y during the quarter.
    | Aug. 21, 2014, 9:53 AM
  • Aug. 21, 2014, 6:33 AM
    • Hormel Foods (NYSE:HRL): FQ3 EPS of $0.51 beats by $0.03.
    • Revenue of $2.28B (+5.6% Y/Y) beats by $50M.
    | Aug. 21, 2014, 6:33 AM
  • Aug. 20, 2014, 5:30 PM
Company Description
Hormel Foods Corp. engages in the production of meat and food products. The company markets its products through its subsidiary, Hormel Foods International Corp. It operates business through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods and Other.... More
Industry: Meat Products
Country: United States