For the quarter ended April 2024, Hormel Foods (HRL) reported revenue of $2.89 billion, down 3% over the same period last year. EPS came in at $0.38, compared to $0.40 in the year-ago quarter. The reported revenue represents a surprise of -3.35% over the Zacks Consensus Estimate of $2.99 billion. With the consensus EPS estimate being $0.35, the EPS surprise was +8.57%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Second Quarter Fiscal 2024 SUPPLEMENTAL INFORMATION 1 We are supporting the Hormel® pepperoni brand with a new national advertising campaign, "Boldly Irresistible," highlighting its versatility and cravability. QQuuaarrtteerrllyy DDISISCCLLAAIIMMEERRSS ...

Hormel Foods (HRL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.57%. A quarter ago, it was expected that this maker of Spam canned ham, Dinty Moore stew and other foods would post earnings of $0.34 per share when it actually produced earnings of $0.41, delivering a surprise of 20 ...

Delivers better-than-expected first-half earnings; advances transform and modernize initiativeAUSTIN, Minn., May 30, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2024, ended April 28, 2024. All comparisons are to the comparable period of fiscal 2023, unless otherwise noted.EXECUTIVE SUMMARY — FIRST HALFVolume of 2.16 billion lbs., comparable to last yearNet sales of $5.88 billion, compared to $5. ...

INVESTOR CONTACT: MEDIA CONTACT: David Dahlstrom Media Relations ir@hormel.com media@hormel.com HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2024 RESULTS Delivers better-than-expected first-half earnings; advances transform and modernize initiative AUSTIN, Minn. (May 30, 2024) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2024, ended April 28, 2024. All comparisons are to the comparable period of fiscal 2023, unless o ...

Students from over 50 colleges and universities participate in the company's 10-week, award-winning internship programAUSTIN, Minn., May 29, 2024 /PRNewswire/ -- An internship with Hormel Foods isn't your typical summer job. In fact, the majority of these talented collegiates, who will hone their skills on everything from sales and food science to engineering and marketing, will very likely receive a full-time job offer to join the Fortune 500 global branded food company. Hormel Foods converts over 70% of i ...

Hormel Foods Corporation (HRL) is likely to register top-line growth when it reports second-quarter fiscal 2024 earnings on May 30. The Zacks Consensus Estimate for revenues is pegged at $2.99 billion, which suggests an increase of 0.3% from the prior-year quarter’s reported figure.However, the bottom line is likely to have declined year over year. The consensus mark for quarterly earnings has decreased by 1 cent in the past seven days to 35 cents per share. This indicates a decline of 12.5% from the year-a ...

America's No.1 refrigerated guacamole brand* responds to consumers' desire for authentic, tableside guacamole flavors at home ORANGE, Calif., May 29, 2024 /PRNewswire/ -- The makers of the WHOLLY® GUACAMOLE brand, America's No. 1 refrigerated guacamole, today announced their latest creation: WHOLLY® GUACAMOLE Extra Chunky Restaurant Style guacamole. With more than half of consumers** considering restaurant guacamole to be the "gold standard," the latest brand innovation delivers on consumer taste preference ...

In its upcoming report, Hormel Foods (HRL) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 12.5% compared to the same period last year. Revenues are forecasted to be $2.99 billion, representing a year-over-year increase of 0.3%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.A ...

The market expects Hormel Foods (HRL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...