Hormel Foods: Buy, Sell, or Hold? [Yahoo! Finance]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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US:NYSE Investor Relations:
investor.hormelfoods.com
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Source: Yahoo! Finance
That is why Wall Street has been so negative on Hormel since the stock hit a high-water mark in 2022. Simply put, Hormel has stumbled in recent years. But this story looks like it is about to change for the better. Here's a look at the buy, sell, and hold continuum for Hormel, starting with the negative point of view and working to the positive. The argument to sell Hormel Starting with the bad news, Hormel's earnings were pretty dismal in 2023. You know it was bad because the company just listed the key numbers without comparing them to the prior year. To summarize, adjusted sales fell 2.8%, volume was off 4.2%, gross profit declined 7.6%, and earnings per share fell 11.4%. It was not the best year for Hormel. The stock reacted pretty much as you would expect, with the shares dropping over 33% from their early-2022 highs. And the problems it faced are, well, still a work in progress. For example, Hormel hasn't been as successful at passing rising costs on to consumers. The turk
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HRL
News
- Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli Products [Yahoo! Finance]Yahoo! Finance
- Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli ProductsPR Newswire
- Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative AffairsPR Newswire
- With Summertime Parties on the Horizon, the Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray [Yahoo! Finance]Yahoo! Finance
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