Hormel Foods Corporation (HRL)
|Net Income (ttm)||978.14M|
|Ex-Dividend Date||Jan 13, 2023|
|Day's Range||39.36 - 39.71|
|52-Week Range||37.78 - 55.11|
|Price Target||44.10 (+11.31%)|
|Earnings Date||Mar 2, 2023|
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters,... [Read more]
In 2022, Hormel Foods's revenue was $12.46 billion, an increase of 9.42% compared to the previous year's $11.39 billion. Earnings were $999.99 million, an increase of 10.03%.Financial Statements
According to 20 analysts, the average rating for HRL stock is "Hold." The 12-month stock price forecast is $44.1, which is an increase of 11.31% from the latest price.
HORMEL FOODS INTRODUCES ITS NEXT INSPIRED FAN - THE COMPANY AND ITS DINTY MOORE® BEEF STEW BRAND TEAM CELEBRATE NATIONAL AUTISM AWARENESS MONTH IN APRIL WITH POWERFUL STORY
Dinty Moore ® Beef Stew Provides Comfort and Joy to 8-Year-Old Boy with Autism and his Family AUSTIN, Minn. , March 30, 2023 /PRNewswire/ -- Hormel Foods, a Fortune 500 global branded food company an...
Hormel Foods Corporation Declares Quarterly Dividend
AUSTIN, Minn. , March 27, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized b...
HORMEL FOODS ELECTS TWO NEW MEMBERS TO ITS BOARD OF DIRECTORS
AUSTIN, Minn. , March 27, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Ray Young, former vice chairman and chief financial...
Hormel Foods Provides Eight Elite Snacking Options as College Basketball Fans Get Ready for a Thrilling Weekend of Action
From Chocolate-Covered Bacon to SPAM ® Musubi to WHOLLY ® Loaded Tater Tot Kabobs – Game on! AUSTIN, Minn.
Hormel Foods (HRL) Hurt by Inflation & Supply Chain Issues
Hormel Foods (HRL) is hurt by the continued impact of inflationary pressures, supply chain inefficiencies and drab sales volumes.
Sit Back, Relax and Enjoy National Chip and Dip Day with Hormel Foods
AUSTIN, Minn. , March 22, 2023 /PRNewswire/ -- In honor of National Chip and Dip Day on March 23, who better to celebrate with than Hormel Foods?
Hormel Foods Brands Showcase Innovation and Sustainability Efforts at 2023 Natural Products Expo West
Applegate and Justin's brands participated AUSTIN, Minn. , March 16, 2023 /PRNewswire/ -- Team members from Hormel Foods Corporation, (NYSE: HRL), a Fortune 500 global branded food company, attended t...
Celebrate National Peanut Lover's Day with America's Favorite Nut - Mr. Peanut®
AUSTIN, Minn. , March 15, 2023 /PRNewswire/ -- Calling all peanut lovers!
Hormel Foods and The Culinary Institute of America Announce the 20 Chefs Selected for The Seventh Culinary Leadership Class
AUSTIN, Minn. , March 15, 2023 /PRNewswire/ -- The successful Culinary Enrichment and Innovation Program (CEIP), a collaboration between the Foodservice segment of Hormel Foods (NYSE: HRL) and The Cul...
Hormel Foods Named One of Barron's Most Sustainable U.S. Companies
Continues its Global Impact and ESG Leadership AUSTIN, Minn. , March 10, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, was named to Barron's lis...
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Hormel Foods to Present at BofA Securities 2023 Consumer & Retail Conference
AUSTIN, Minn. , March 7, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it will participate in a fireside chat at the BofA Securi...
Stock Market Losers: New Lows For CVS, Hormel And Silvergate
While stocks gained ground this week and many seemed to be recovering from the late February sell-off, these 3 well-known names slumped to new 52-week lows.
Hormel Foods (HRL) Q1 Earnings Miss Estimates, Sales Dip Y/Y
Hormel Foods' (HRL) first-quarter earnings and sales decline year over year due to inflationary pressures and supply chain inefficiencies. Management lowers fiscal 2023 earnings outlook.
Hormel Hits 2-Year Low, And The Dip Gets Bought
Investors who've shied away from Hormel (NYSE: HRL) may want to take a 2nd look. The Q1 results and guidance for 2023 have sparked a pullback in prices that should result in another stunning rebound.
Hormel Foods (HRL) Lags Q1 Earnings and Revenue Estimates
Hormel (HRL) delivered earnings and revenue surprises of -11.11% and 4.09%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
Hormel Foods Stock Falls on Earnings Miss. It's Feeling 'Persistent' Inflation.
Hormel posts fiscal first-quarter earnings of 40 cents a share on sales of $2.97 billion. Both metrics are below analysts' expectations.
Hormel stock sinks toward 15-month low after earnings miss, amid inflation pressures, supply chain issues and volume weakness
Shares of Hormel Foods Corp. HRL, -1.24% took 5.1% hit toward a more than 15-month low in premarket trading Thursday, after the branded foods company, with brands including Planters, Skippy, Spam and ...
HORMEL FOODS REPORTS FIRST QUARTER FISCAL 2023 RESULTS
AUSTIN, Minn. , March 2, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2023.
3 Meat Food Stocks to Watch Despite Industry Headwinds
The Zacks Food - Meat Products industry players are battling manufacturing cost inflation and supply-chain headwinds. However, the rising demand for protein-rich food is aiding companies like Hormel F...
Hormel Foods Wins Product of the Year Canada
The Company's Columbus® Charcuterie Tasting Board wins Appetizer Category AUSTIN, Minn. , Feb. 20, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company,...
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Hormel Foods Corporation Sets Dates to Issue Recast Financial Information and Hold First Quarter Earnings Conference Call
AUSTIN, Minn. , Feb. 8, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, plans to release recast historical financial information in connection wit...
Hormel Foods Announces Advancement of Henry Hsia to Vice President of Retail Marketing - Snacking and Entertaining
AUSTIN, Minn. , Feb. 3, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the advancement of Henry Hsia to vice president of Retail market...
Hormel Foods Named to Fortune's World's Most Admired Companies List
AUSTIN, Minn., Feb. 1, 2023 /PRNewswire/ -- Hormel Foods Corporation, (NYSE: HRL), a Fortune 500 global branded food company, has been named one of the World's Most Admired Companies, by Fortune magaz...