Food supplier Sysco beats quarterly sales estimates on steady demand [Yahoo! Finance]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: Yahoo! Finance
WHY IS IT IMPORTANT? Sysco's quarterly sales numbers offer a bright spot at a time when the broader U.S. restaurant industry is struggling with weaker traffic due to strained household budgets and higher menu prices. However, the company has been facing pressure from the still-elevated prices of packaged and fresh food products, even as supply chain constraints and input costs ease from their peaks. CONTEXT Sysco supplies fresh meat, seafood and dairy products to a wide client base that ranges from educational, healthcare to recreational institutions. The Texas-based company's efforts to help local restaurants attract customers in the recent quarters, including providing low-cost menu alternatives, gave it an edge over consumer staple peers such as Hormel Foods and Conagra Brands. KEY QUOTE "We remain on track to accelerate local volume growth and margins in the second half of the year, with an improving pipeline," said CEO Kevin Hourican. BY THE NUMBERS The company
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HRL
Earnings
- 9/4/24 - Beat
HRL
Sec Filings
- 10/29/24 - Form 4
- 10/29/24 - Form 3
- 10/11/24 - Form 4
- HRL's page on the SEC website