Hormel Foods (NYSE:HRL) Posts Q3 Sales In Line With Estimates But Full-Year Sales Guidance Misses Expectations [Yahoo! Finance]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: Yahoo! Finance
The company's full-year sales guidance of $12.05 billion fell short of analyst expectations by 1.6%. Adjusted EPS of $0.42 was in line with estimates. Sales volumes dropped 4.1% year-over-year, and the company's operating margin remained steady at 9.4%. Despite meeting some expectations, the results were considered weaker than expected, with the stock trading down 3.6% after reporting. Packaged foods company Hormel (NYSE:HRL) met Wall Street's revenue expectations in Q3 CY2024, but sales fell by 1.9% year on year to $3.14 billion. On the other hand, the company's full-year revenue guidance of $12.05 billion at the midpoint came in 1.6% below analysts' estimates. Its non-GAAP profit of $0.42 per share was in line with analysts' consensus estimates. Is now the time to buy Hormel Foods? Find out in our full research report Revenue: $3.14 billion vs analyst estimates of $3.14 billion (1.9% year-on-year decline, in line) Adjusted EPS: $0.42 vs analyst estimates of $0.42 (in line)
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News
- Hormel Foods (NYSE:HRL) Has Announced That It Will Be Increasing Its Dividend To $0.29 [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Appointment of Mike Clausman as Vice President, Deputy General Counsel and Assistant Secretary [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Appointment of Mike Clausman as Vice President, Deputy General Counsel and Assistant SecretaryPR Newswire
- Chi-Chi's Is Coming Back, But Can It Find A Seat At Today's Table? [Forbes]Forbes
- Chi-Chi’s, Former Mexican Restaurant Chain, Plans a Comeback [The New York Times]The New York Times
HRL
Earnings
- 12/4/24 - Miss
HRL
Sec Filings
- 12/18/24 - Form PX14A6G
- 12/18/24 - Form ARS
- 12/18/24 - Form DEFA14A
- HRL's page on the SEC website