The Official Peanut Butter partner of USA Gymnastics is providing peanut butter power to athletes at the final stop on the journey to ParisAUSTIN, Minn., June 20, 2024 /PRNewswire/ -- The Skippy® brand, the Official Peanut Butter partner of USA Gymnastics, is partnering with Dominique Dawes and Chellsie Memmel to bring even more legendary power to Gymnastics City USA 2024 in Minneapolis. The two Olympic legends will team up to highlight Skippy® peanut butter as a delicious and easy protein snack for athlete ...

From acting in national TV ads to musical theatre and public-relations events, this trio of nutty brand ambassadors is set to hit the streets and 'shell-ebrate' with their peanut-loving fansAUSTIN, Minn., June 18, 2024 /PRNewswire/ -- Then there were three! After combing through hundreds of applications and videos from multi-talented candidates all vying for a chance to cruise the country in the 26-foot NUTmobile with the iconic MR. PEANUT®, the PLANTERS® brand is excited to introduce the world to its newes ...

jfmdesign/iStock Unreleased via Getty Images Hormel Foods Corporation (NYSE:HRL) develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The firm has released its latest quarterly results on the 30th of May, and for this reason, the aim of our article today is to give an updated view on the business, its financial performance and our expectations about the near/mid term. We have star ...

Grilled Spam Burger with Fries LauriPatterson/E+ via Getty Images While we have not been buyers of Hormel Foods Corporation (NYSE:HRL) in any of our past reviews of this business, we have usually called the directional moves right on this one. In our most recent coverage a couple of months ago, we suggested that an exit for the bulls would be perfect. Lofty valuation, the stock being back at its 200-day moving average, and an expectation of a slowdown in the dividend growth story were our reasons at the tim ...

AUSTIN, Minn., June 4, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced participation in the 2024 Oppenheimer Consumer Growth & E-Commerce Conference on Monday, June 10, 2024, at 11:45 a.m. CT (12:45 p.m. ET). Representing Hormel Foods will be Jim Snee, chairman of the board, president and chief executive officer, and Jacinth Smiley, executive vice president and chief financial officer. A link to the live webcast, replay and other informat ...

May was a month of haves and have-nots. The markets reached all-time highs, defying the skeptics. However, the indices' action masked underlying carnage in several sectors, which has presented some oversold stocks to buy. Lately, this has been a market of contrasts. Although impressive performances from stocks like Nvidia (NASDAQ:NVDA) led the S&P 500 to the highest monthly close ever, breadth has been weak. Indeed, looking under the hood, many stocks are making three-month lows. Idiosyncratic factors have ...

Key PointsHormel stock is down over 8% after a mixed earnings report, wiping out a good chunk of the stock’s year-to-date gains. The company is still getting uneven performance across its brands and business units, but the issues are tied to the economy, not a systemic risk. Long-term investors can buy shares at a discount and collect a high-yield dividend along the way. 5 stocks we like better than Hormel FoodsHormel Foods Corporation NYSE: HRL stock investors are living the expression that what goes up mu ...

财务数据和关键指标变化 - 第二季度和上半年净销售额分别为29亿美元和59亿美元 [41] - 第二季度和上半年毛利率分别为17.4%和17.1%,同比均有所提升 [42] - 第二季度和上半年经营活动产生的现金流量分别为6.4亿美元和6.4亿美元,同比大幅增加55% [47] - 第二季度和上半年每股摊薄净收益分别为0.34美元和0.74美元 [46] - 第二季度和上半年经调整每股摊薄净收益分别为0.79美元和0.79美元,与去年持平 [46] 各条业务线数据和关键指标变化 - 餐饮业务在第二季度和上半年均实现中单位数的销量、净销售额和分部利润增长 [15][16] - 国际业务在上半年分部利润增长近30% [19] - 零售业务在第二季度和上半年面临不确定的消费者环境和火鸡业务压力,但多个细分品类如培乐多、黑标、SPAM和Jennie-O均实现市场份额增长 [21][22][23] 各个市场数据和关键指标变化 - 中国市场餐饮业务表现相对良好,零售业务正在逐步恢复 [20] - 印尼和菲律宾的合资企业、冷藏出口业务以及中国和巴西的国内业务均实现增长 [19] 公司战略和发展方向及行业竞争 - 公司正在推进6大战略重点,包括推动各业务分部增长、执行企业级的娱乐和零食愿景、持续转型和现代化 [15][26][29] - 公司在餐饮和国际业务方面保持良好势头,并正在采取措施应对零售业务的挑战 [11][19][25] - 公司正在通过创新、广告投放和分销网络扩张来推动Planters、黑标培根等重点品牌的增长 [26][27] - 公司正在优化供应链、组合和数据分析能力,以提升运营效率和盈利能力 [29][31][32] 管理层对经营环境和未来前景的评论 - 管理层对公司上半年的整体表现感到满意,并对下半年保持信心 [11][39] - 管理层预计餐饮和国际业务将继续保持强劲增长,但零售业务的火鸡和中心货架品类将面临挑战 [34][35][36] - 管理层表示将通过创新、广告投放和分销网络扩张等措施来应对零售业务的挑战 [22][26][27] - 管理层预计公司转型和现代化举措将在第四季度贡献最大的成本节约 [36][38] 其他重要信息 - 公司在第二季度完成了5亿美元的债券发行,将用于偿还6月到期的9.5亿美元债券 [48] - 公司在第二季度遭遇了Planters工厂的生产中断,预计将对第三季度业绩产生约0.03美元的负面影响 [51] 问答环节重要的提问和回答 问题1 **Kenneth Goldman 提问** 对于公司上调下限并提高中值的每股收益指引,是否存在一些谨慎因素,如火鸡业务的负面影响、税率上升和Planters工厂中断等 [58][59][60][61] **Jim Snee 回答** 公司上半年表现超预期,主要得益于餐饮和国际业务的强劲表现以及转型举措带来的成本节约。但也面临火鸡业务、税率上升和Planters中断等一些负面因素,综合考虑后公司认为调整后的指引是合适的 [59][60][61][62] 问题2 **Peter Galbo 提问** 公司零售业务中便利餐和蛋白质品类的销量下滑,是否与SNAP福利减少等因素有关,公司将采取什么措施来改善这一情况 [66][67][68] **Deanna Brady 回答** 公司将采取多项措施来应对这一情况,包括优化促销策略、加大广告投放、推出创新产品以吸引新消费者、调整价格和产品组合等 [68][69][70] 问题3 **Adam Samuelson 提问** 公司在第二季度销售费用和管理费用同比大幅增加,主要是由于员工相关费用和转型举措投入增加,未来这一趋势是否会有所缓解 [97][98] **Jacinth Smiley 回答** 公司预计销售费用和管理费用在未来一年内仍将保持较高增速,主要是由于转型举措投入以及员工相关费用的持续增加 [97][98]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 1-2402 HORMEL FOODS CORPORATION (Exact name of registrant as specified in its charter) Delaware 41-0319970 (St ...

Hormel Foods Corporation (HRL) delivered second-quarter fiscal 2024 results, wherein the top and bottom lines declined year over year, and net sales missed the Zacks Consensus Estimate. Nonetheless, earnings came in better than expected, and the company continued to see strength in its Foodservice business and improvement in the International unit. The first-half show, expected strength in the Foodservice and International segments, ongoing supply chain enhancements and gains from the transform and moderniz ...