Thu, Feb. 19, 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.
Thu, Feb. 19, 6:33 AM
Wed, Feb. 18, 5:30 PM| 7 Comments
Thu, Feb. 12, 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.
Fri, Feb. 6, 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.
Wed, Jan. 21, 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, 9:09 AM
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%.
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%) .
Aug. 21, 2014, 9:53 AM| Comment!
Aug. 21, 2014, 6:33 AM
Aug. 20, 2014, 5:30 PM
Jul. 1, 2014, 8:44 AM
- Hormel's (HRL) purchase of CytoSport for $450M has raised a few eyebrows in the food sector.
- The high price tag for the maker of Muscle Milk indicates some other bidders were on the prowl for a quick entry into the sports nutrition category, theorize analysts.
- Shares of Vitamin Shoppe (VSI) and GNC Holdings (GNC) are on watch.
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