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Hormel Foods Corporation (HRL)

- NYSE
  • May 22, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD
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  • May 20, 2013, 5:10 PM
    Hormel Foods (HRL) declares $0.17/share quarterly dividend, in line with previous. Forward yield 1.60%. For shareholders of record July 15. Payable Aug. 22. Ex-div date July 11. (PR)
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  • May 6, 2013, 10:14 AM
    Where's the beef? Shares of Tyson Foods (TSN -5.3%) stumble and take a few peers down with it after the company misses profit estimates. Consumers opted for lower-margin chicken products in Q1 and there's some concern the trend will continue as beef prices hit a consumer breaking point. Sector watch: Hormel (HRL) -1.6%, Smithfield Foods (SFD) -1.2%, Hillshire Brands (HSH) -0.9%.
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  • Mar. 26, 2013, 8:58 AM
    Lobbyists from meat companies won a last-minute amendment to a budget bill last week which will keep food safety inspectors on the job this summer. Though spending cuts will continue to pose a threat to the meat industry (SFD, HRL, TSN, HSH), for the time being it will be business as usual. A disturbing horse meat scandal in Europe is believed to have helped tip sentiment toward keeping meat inspectors on the busy side through the summer.
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  • Mar. 26, 2013, 7:19 AM
    Hormel Foods (HRL) declares $0.17/share quarterly dividend, in line with previous. Forward yield 1.71%. For shareholders of record Apr. 22. Payable May 15. Ex-div date Apr. 22. (PR)
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  • Feb. 21, 2013, 6:50 AM
    More on Hormel's (HRL) Q4: Volume rose 2% during the period to account for a good portion of the uptick in sales. Revenue in the Grocery Products segment rose 24% Y/Y to $334M to offset a slip in Refrigerated Foods sales. The company raises full-year EPS guidance to a range of $1.93-$2.03, up from a prior estimate of $1.90-$2.00. (PR)
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  • Feb. 21, 2013, 6:38 AM
    Hormel Foods (HRL): FQ1 EPS of $0.48 misses by $0.01. Revenue of $2.1B (+4% Y/Y) misses by $0.04B. (PR)
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  • Feb. 21, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC
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  • Feb. 20, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC
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  • Jan. 4, 2013, 1:52 PM
    The FDA is proposing two new food safety rules for foodborne illness prevention. The first rule would require food makers to develop a formal plan for preventing their food products from causing foodborne illness, and for correcting any problems that might arise. The second proposes enforceable, scientific-based safety standards for the production and harvesting of produce on farms.
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  • Jan. 3, 2013, 10:39 AM
    Hormel's (HRL +5%) acquisition of Skippy Peanut Butter will put it in a pitched battle with J.M. Smucker's market-leading Jif brand with the odds stacked against it. Jif has maintained its dominance since 1981 and is still well-positioned with new low sodium and reduced fat products. Global growth could be part of Hormel's peanut butter plan. With the company positioning Spam as an upscale treat as ads in China call it a "juicy, meaty satisfaction" - the mind only wonders what the marketing mavens will call Jif on the global stage.
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  • Jan. 3, 2013, 7:40 AM
    Hormel Foods (HRL) buys the Skippy Peanut Butter business from Unilever (UL) for $700M. The company expects the deal for the iconic brand to be modestly accretive in FY13 and add between $0.13-$0.17 to earnings in FY14.
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  • Jan. 2, 2013, 4:46 PM
    Hormel Foods (HRL) declares $0.17/share quarterly dividend, 13.3% increase from prior dividend of $0.15. Forward yield 2.12%. For shareholders of record Jan. 22. Payable Feb. 15. Ex-div date Jan. 18. (PR)
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  • Nov. 20, 2012, 8:07 AM
    Hormel Foods Corp. (HRL) declares $0.17/share quarterly dividend, 13.3% increase from prior dividend of $0.15. Forward yield 2.17%. For shareholders of record Jan 21. Payable Feb. 15. Ex-div Jan 16. (PR)
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  • Nov. 20, 2012, 6:47 AM
    More on Hormel Foods' (HRL) FQ4: Grocery Products revenue rose 21% to $340M, offsetting a 2.6% decline in Refrigerated Foods sales. The company cites strong demand for Spam family of products and Hormel chili. SG&A expenses up a mild 1.9% to $159.69M. Sees FY13 EPS of $1.90 to $2.00 vs. consensus $1.97. (PR)
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  • Nov. 20, 2012, 6:36 AM
    Hormel Foods (HRL): FQ4 EPS of $0.49 in-line. Revenue of $2.17B (+3.1% Y/Y) misses by $110M. (PR)
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Company Description
Hormel Foods Corp is engaged in the production of meat and food products and the marketing of those products throughout the United States and internationally.
Industry: Meat Products
Country: United States