Hormel Foods matched profit expectations, but sales came up a bit shy [MarketWatch]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: MarketWatch
Hormel Foods matched profit expectations, but sales came up a bit shy Hormel Foods Corp. HRL, -0.39% reported Thursday fiscal first-quarter earnings that matched expectations but sales that came up a bit shy. The stock was still inactive in premarket trade. The food company, which brands include Skippy, Spam and Wholly Guacamole, said net income for the quarter to Jan. 27 fell to $241.4 million, or 44 cents a share, from $303.1 million, or 56 cents a share, in the same period a year ago, which included a benefit related to tax reform. The FactSet consensus for earnings per share was 44 cents. Sales grew to $3.36 billion from $3.333 billion, but was just below the FactSet consensus of $2.39 billion. Refrigerated products sales increased 1.9% to $1.28 billion, just shy of the FactSet consensus of $1.29 billion, and grocery products sales rose 0.5% to $606.8 million to miss expectations of $615.9 million, while Jennie-O Turkey Store sales fell 0.5% to $321.2 million but topped expecta
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HRL
News
- Hormel Foods Announces Appointment of Colleen Batcheler as Senior Vice President, External Affairs & General Counsel [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Appointment of Colleen Batcheler as Senior Vice President, External Affairs & General CounselPR Newswire
- Is Hormel Foods (HRL) Stock Outpacing Its Consumer Staples Peers This Year? [Yahoo! Finance]Yahoo! Finance
- An inspired childcare option [Yahoo! Finance]Yahoo! Finance
- Some Planters nut products recalled over possible listeria contamination [CNN]CNN
HRL
Earnings
- 2/29/24 - Beat
HRL
Sec Filings
- 4/8/24 - Form 144
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- HRL's page on the SEC website