Core Viewpoint - Hormel Foods Corporation (HRL) is expected to show bottom-line growth in its upcoming fourth-quarter fiscal 2024 earnings report, with earnings per share estimated at 43 cents, reflecting a 2.4% increase year-over-year, while total revenues are projected to decline by 1.9% to $3.1 billion [1][2]. Financial Performance - The Zacks Consensus Estimate for fiscal 2024 earnings is $1.58 per share, indicating a 1.9% decline from the previous year [1]. - The trailing four-quarter earnings surprise for HRL averages 6.3% [1]. - For fiscal 2024, HRL projects net sales between $11.8 billion and $12.1 billion, with adjusted earnings per share expected in the range of $1.57 to $1.63 [5]. Revenue Breakdown - The expected revenue for the Retail segment in the fiscal fourth quarter is $1,882.8 million, down from $1,983.3 million in the prior year [4]. - The Foodservice segment is anticipated to see revenue growth, with estimates at $1,084.2 million, up from $1,032.4 million year-over-year [6]. - The overall revenue for fiscal 2024 is projected at $11.9 billion, reflecting a 1.6% decline from the previous year [2]. Operational Challenges - Hormel Foods is facing production disruptions at its Planters facility in Suffolk, VA, which has affected its snack nuts portfolio and is expected to impact performance into the fourth quarter [3]. - The company is also dealing with challenges in the turkey commodity market and declining sales in its International segment, alongside ongoing softness in its contract manufacturing business [4]. Strategic Initiatives - The company is focusing on the Transform and Modernize initiative, which aims to enhance supply chain efficiency, optimize its portfolio, and leverage data and analytics [6].

The upcoming report from Hormel Foods (HRL) is expected to reveal quarterly earnings of $0.43 per share, indicating an increase of 2.4% compared to the year-ago period. Analysts forecast revenues of $3.14 billion, representing a decrease of 1.9% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company ...

Core Insights - Hormel Foods Corporation (HRL) has announced a 3% increase in its annual dividend, marking the 59th consecutive annual dividend increase, raising the annualized rate from $1.13 to $1.16 per share [1] - The company will distribute a quarterly dividend of 29 cents per share on February 18, 2025, to shareholders of record as of January 13, 2025, representing HRL's 386th consecutive quarterly dividend payment [2] - Hormel Foods has a dividend payout ratio of 71.5%, a dividend yield of 3.6%, and a free cash flow yield of 5.2%, indicating a sustainable increase in dividends supported by a 7.4% annual free cash flow return on investment [3] Financial Performance - Year-to-date cash flow from operations for Hormel Foods totaled $858 million as of the third quarter of fiscal 2024, with a focus on consistent dividend growth and reinvestment in business operations [5] - The company's strategic initiatives, particularly the Transform and Modernize initiative, have begun to yield results in production efficiency and inventory management, unlocking additional production capacity and achieving cost savings [6][7] Market Position - Hormel Foods has experienced strong demand in its food service segment, achieving its fifth consecutive quarter of year-over-year volume growth, driven by longstanding relationships and an innovative product portfolio [8] - Despite facing challenges in the turkey commodity market and production disruptions at its Planters facility, the company remains committed to innovation and strategic acquisitions to bolster its market position [9][11] Stock Performance - HRL shares have declined by 2.8% over the past three months, contrasting with the industry's growth of 1.0% [10]

I prefer to use the term "frugal," but in reality I'm just cheap. That's a core aspect of my life and my investment philosophy. I just don't like overpaying for anything. That's why, if I could buy only three stocks as 2024 comes to a close, they'd be PepsiCo (PEP 0.54%), Hormel Foods (HRL 0.85%), and Hershey (HSY 0.58%). Here's a quick look at all three of these attractive dividend stocks.PepsiCo is the one I don't already ownPepsiCo has increased its dividend annually for over five decades, making it a Di ...

You usually don't find great companies executing at the top of their game that also happen to be on sale. Stocks that are on sale are more commonly fallen angels, which are great companies that are facing some near-term hardship. From an investment point of view, the goal is to buy the fallen angels that seem likely to earn their wings again.That is the backstory behind Hormel Foods (HRL -3.95%) right now.The reasons to like HormelIf you are looking for a dividend growth stock the very first thing to consid ...

To date, the Hormel Heroes Scholarship Program has provided $180,000 to 13 students, a group that now includes this year's winners: Vergie Terrell and Jorge Mendez. "Hormel Foods is proud to support our military members in their career journeys," said Mark Ourada, group vice president of Foodservice at Hormel Foods. "These scholarships are our way of showing appreciation for those who have served our nation and are now pursuing careers in the foodservice industry. Congratulations to our 2024 scholarship rec ...

AUSTIN, Minn., Nov. 8, 2024  /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jim Snee, chairman of the board, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; John Ghingo, executive vice president, Retail; and Nathan Annis vice president, corporate development; to discuss the Company's fourth quarter financial results, fu ...

AUSTIN, Minn., Nov. 7, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, today announced it has been named on Military Times' 2024 Best for Vets employer list for the 12th consecutive year. Military Times evaluates company efforts to recruit, retain and support current and former service members, military spouses and military caregivers. 2024 Best For Vets Logo "We are honored to be recognized for the 12th year in a row as a Best for Vets employer," said Richard ...

AUSTIN, Minn., Oct. 24, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, announced today that it was once again recognized by Vault as having one of the top 150 internship programs in the country. The company's award-winning summer internship program was recognized in the categories of Best Internships for Engineering; as well as Sales, Marketing and Communications.Vault 2025 Top Ranked Internship logoHormel Foods Corporation, a Fortune 500 global branded food compan ...

Consumers can call, live chat on jennieo.com/hotline/ or text "TURKEY" to 73876 for advice on all thing's turkey WILLMAR, Minn., Oct. 17, 2024 /PRNewswire/ -- The makers of the JENNIE-O turkey brand, a category leader and one of the top turkey brands in the United States, announced today that the 1-800-TURKEYS hotline will be live for a 17th consecutive year, starting Nov. 1, for consumers seeking support with their holiday meal planning through to day-of preparations. The makers of the JENNIE-O turkey bran ...