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Hormel Foods Corporation (HRL)

- NYSE
  • 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.
    | Jan. 3, 2013, 7:40 AM | 1 Comment
  • 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)
    | Jan. 2, 2013, 4:46 PM | Comment!
  • 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)
    | Nov. 20, 2012, 8:07 AM | Comment!
  • 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)
    | Nov. 20, 2012, 6:47 AM | Comment!
  • 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)
    | Nov. 20, 2012, 6:36 AM | Comment!
  • Nov. 20, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: BBY, CHS, CPB, DSX, HNZ, HPQ, HRL, JKS, MDT, NM, NRGY, TSL
    | Nov. 20, 2012, 12:05 AM | Comment!
  • Nov. 19, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: BBY, CHS, CPB, DSX, HNZ, HPQ, HRL, JKS, MDT, NM, NRGY, TSL
    | Nov. 19, 2012, 5:30 PM | Comment!
  • Sep. 24, 2012, 5:04 PM
    Hormel Foods (HRL) declares $0.15/share quarterly dividend, in line with previous. Forward yield 2.04%. For shareholders of record Oct 22. Payable Nov 15. Ex-div date Oct 18. (PR)
    | Sep. 24, 2012, 5:04 PM | 1 Comment
  • Aug. 24, 2012, 12:53 PM
    Corn and soybean futures have reached record highs this month on the CBOT, but the short term outcome is more likely to be muted on the price of meat, according to the latest USDA food report. The price of meat, poultry and fish will rise 3% to 4%, one-half of a percentage point less than estimated last month, as the price of corn - its main feed source - surged, pushing ranchers to send animals to slaughter sooner and temporarily boosting supplies.
    | Aug. 24, 2012, 12:53 PM | 1 Comment
  • Aug. 23, 2012, 7:38 AM
    More on Hormel Foods (HRL): Grocery Products operating profit up 32%, with volume 16% higher led by brisk sales of Spam family of products and MegaMex Foods products. Maintains EPS outlook of $1.79-$1.89 for Q3, despite seeing higher grain costs. (PR)
    | Aug. 23, 2012, 7:38 AM | Comment!
  • Aug. 23, 2012, 6:37 AM
    Hormel Foods (HRL): FQ3 EPS of $0.41 in-line. Revenue of $2B (+5% Y/Y) in-line. (PR)
    | Aug. 23, 2012, 6:37 AM | Comment!
  • Aug. 23, 2012, 12:05 AM
    Notable earnings before Thursday’s open: HRL, JKS, NM
    | Aug. 23, 2012, 12:05 AM | Comment!
  • Aug. 22, 2012, 5:30 PM
    Notable earnings before Thursday’s open: HRL, JKS, NM
    | Aug. 22, 2012, 5:30 PM | Comment!
  • Aug. 11, 2012, 11:34 AM
    As American food tastes drift from processed to fresh foods - evidenced by grocery stores shifting focus from the center aisles to the perimeter - sales at consumer giants like Heinz (HNZ), Kraft (KFT), Kellogg (K), and General Mills (GIS) are under pressure. Managements are going to have to earn their keep and get adaptive.
    | Aug. 11, 2012, 11:34 AM | 6 Comments
  • Aug. 10, 2012, 3:52 PM
    After corn prices spiked to new highs following today's USDA report, prices ended lower as cuts to demand estimates helped offset the expected declines in corn yields. "The USDA is behind the market and [traders] expect another reduction in yield," a pro says. Food shares are mixed: ADM -2%, HRL +0.1%, HSH -1.8%, TSN +1.3%, MON -2.1%, POT +0.8%, CF -2.1%, AGU -0.1%.
    | Aug. 10, 2012, 3:52 PM | Comment!
  • Aug. 8, 2012, 3:46 PM
    Fears that the U.S. drought will drive up food prices next year are mostly unfounded, WSJ's Josh Mitchell writes, calculating the average consumer will spend only an extra $2.73/month. Food accounts for only ~14% of consumers’ daily living expenses, and given that prices for other items are falling or subdued, overall inflation likely will remain muted. (also)
    | Aug. 8, 2012, 3:46 PM | 9 Comments
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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