Hormel Foods Corporation (HRL) - NYSE
  • Mon, Jun. 6, 10:04 AM
    • BMO Capital takes a dimmer view on the upside for meat producers after factoring in the strong rally in the sector which has pushed up valuation levels.
    • Tyson Foods (TSN -3.4%) and Pilgrim's Pride (PPC -3%) are both moved by BMO to Market Perform from Outperform.
    • BMO set a price target of $69 on TSN and PPC caught a $27 PT.
    • It's a weak day across the sector with Sanderson Farms (SAFM -1.9%), Hormel (HRL -0.7%) and JBS (OTCQX:JBSAY -2.3%) ADRs all lower.
    • Related sector news: Plant-based hamburger startup creates some interesting sizzle (June 4)
    | Mon, Jun. 6, 10:04 AM | 2 Comments
  • Wed, May 18, 6:56 AM
    • Hormel Foods (NYSE:HRL) reports volume down 1% in FQ2.
    • Revenue by segment: Grocery Products: $401.47M (+1.1%); Refrigerated Foods: $1.09B (+6.8%); Jennie-O Turkey Store: $423.54M (-3.5%); Specialty Foods: $272.48M (-5.2%); International & Other: $110.26M (-17.2%).
    • Gross profit rate improved 270 bps to 22.9%.
    • SG&A expense rate expanded 90 bps to 9.2%.
    • Operating margin rate grew 190 bps to 14.1%.
    • The company expects FY2016 diluted EPS to be in the range of $1.56 to $ 1.60.
    | Wed, May 18, 6:56 AM | 10 Comments
  • Mon, May 9, 1:59 PM
    • Select food stocks are rallying after commentary from Tyson Foods management points to favorable trends in the industry on the demand and cost side.
    • Tyson expects "good" cattle supply for this summer and into 2017. The company delivered improved beef and chicken margins in Q1.
    • Meat stocks Sanderson Farms (SAFM +2%), Hormel Foods (HRL +3.3%), and Pilgrim's Pride (PPC +4%) are all solidly higher, while on a broader sector view WhiteWave Foods (WWAV +1.8%) and ConAgra Foods (CAG +1.5%) are also rallying.
    • Previously: Tyson Foods at all-time high after earnings dazzle (May 9)
    • Previously: Tyson Foods to expand presence on Amazon Fresh (May 9)
    | Mon, May 9, 1:59 PM
  • Tue, Apr. 5, 7:48 AM
    | Tue, Apr. 5, 7:48 AM | 7 Comments
  • Wed, Feb. 17, 7:47 AM
    | Wed, Feb. 17, 7:47 AM | 13 Comments
  • Tue, Feb. 16, 6:46 AM
    • Hormel Foods (NYSE:HRL) reports volume fell 3% in FQ1.
    • Revenue by segment: Grocery Products: $392.22M (-4.3%); Refrigerated Foods: $1.16B (+1.6%); Jennie-O Turkey Store: $372.07M (-15.4%); Specialty Foods: $237.78M (-9.7%); International & Other: $128.49M (-6.8%).
    • Gross profit rate rose 570 bps to 24.3%.
    • SG&A expense rate grew 170 bps to 9.2%.
    • Segment operating profit rate increased 510 bps to 16.3%.
    • The company expects FY2016 diluted EPS to be in the range of $1.50 to $ 1.56.
    | Tue, Feb. 16, 6:46 AM
  • Dec. 14, 2015, 9:07 AM
    • Hormel (NYSE:HRL) is lower in early trading after Deutsche Bank downgrades the stock to a Hold rating from Buy.
    • The investment firm thinks the avian flu could crop up again to impact results.
    • HRL -1.55% premarket to $76.18.
    | Dec. 14, 2015, 9:07 AM | 5 Comments
  • Dec. 3, 2015, 12:45 PM
    • Sanderson Farms (NASDAQ:SAFM) is up 8% after catching a two-notch upgrade from CLSA to Outperform.
    • Pilgrims Pride (NASDAQ:PPC) stays in an uptrend with a 4.8% swing higher, while global player JBS (OTCQX:JBSAY) is up 5.5%.
    • Tyson Foods (NYSE:TSN) is 1.70% higher and reached an all-time best of $51.83 earlier.
    • Hormel (NYSE:HRL) also set an all-time high by jumping to $77.00.
    • Better-than-expected pricing in the wake of industry consolidation has helped the meat sector this year.
    | Dec. 3, 2015, 12:45 PM | 7 Comments
  • Nov. 24, 2015, 6:50 AM
    • Hormel Foods (NYSE:HRL) reports volume fell 2% in FQ4.
    • Revenue by segment: Grocery Products: $422.57M (+4.3%); Refrigerated Foods: $1.15B (-5.1%); Jennie-O Turkey Store: $420.31M (-17.6%); Specialty Foods: $269.9M (-2.8%); International & Other: $138.59M (-0.4%).
    • Gross profit rate improved 390 bps to 20.6%.
    • SG&A expense rate grew 140 bps to 7.9%.
    • Segment operating profit rate increased 280 bps to 13.4%.
    • The company expects FY2016 diluted EPS to be in the range of $2.85 to $ 2.95.
    | Nov. 24, 2015, 6:50 AM | 1 Comment
  • Nov. 23, 2015, 10:15 AM
    | Nov. 23, 2015, 10:15 AM
  • Oct. 27, 2015, 10:16 AM
    | Oct. 27, 2015, 10:16 AM | 3 Comments
  • Oct. 26, 2015, 2:39 PM
    | Oct. 26, 2015, 2:39 PM | 12 Comments
  • Aug. 19, 2015, 7:49 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 3% in FQ3.
    • Revenue by segment: Grocery Products: $388.09M (+7.9%); Refrigerated Foods: $1.06B (-11.4%); Jennie-O Turkey Store: $336.53M (-12.1%); Specialty Foods: $282.77M (+30.7%); International & Other: $125.06M (-6.5%).
    • Gross profit rate improved 280 bps to 18.7%.
    • Segment operating profit rate increased 100 bps to 10.8%.
    • The company expects FY2015 adjusted EPS to be in the range of $2.57 to $ 2.63 and GAAP EPS in the range of $2.52 to $2.58.
    | Aug. 19, 2015, 7:49 AM
  • May 27, 2015, 10:13 AM
    • Hormel (HRL +3.1%) is drawing some attention for its purchase of the Applegate brand yesterday.
    • Analysts note the transaction gives the company a quick entry into the organic and natural meats space with a distinctive brand.
    • The move also brings Hormel closer to the diversification strategy pulled off by food peers Campbell Soup and General Mills.
    • Previously: Hormel Foods lands Applegate for $775M (May. 26 2015)
    | May 27, 2015, 10:13 AM | 1 Comment
  • May 20, 2015, 6:52 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 5% in FQ2.
    • Revenue by segment: Grocery Products: $397.27M (+1.3%); Refrigerated Foods: $1.02B (-8%); Jennie-O Turkey Store: $438.91M (+15.4%); Specialty Foods: $287.42M (+32.3%); International & Other: $133.23M (-7.5%).
    • Gross profit rate increased 329 bps to 20.16%.
    • Adjusted segment operating profit rate grew 266 bps to 12.60%.
    • The company expects FY2015 adjusted EPS to be at the lower end of previously stated guidance range of $2.50 to $ 2.60.
    | May 20, 2015, 6:52 AM
  • Apr. 21, 2015, 9:07 AM
    • Hormel Foods (NYSE:HRL) discloses sales volume could be lower this year due to outbreaks of the avian influenza.
    • The company says several of its turkey farms have been impacted.
    • "Tight meat supplies and operational challenges will pressure earnings in the back half of our fiscal year," warns management.
    • Previously: Poultry stocks on watch after bird flu hits large Iowa farm
    • HRL -0.90% premarket.
    | Apr. 21, 2015, 9:07 AM | 1 Comment
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