Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ Class Outstanding at September 1, 2024 Common Stock $0.01465 par value 548,363,619 Common Stock Nonvoting $0.01 par value 0 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...

Key Takeaways Hormel Foods said lower turkey prices and Planters nut sales hit revenue in the latest quarter. The food products maker lowered its revenue guidance and narrowed its profit forecast. The shares fell Wednesday, turning negative for the year so far. Hormel Foods (HRL) shares sank as the food company's sales fell and it cut its outlook on lower prices and factory disruptions. The maker of Spam canned meat and Skippy peanut butter said fiscal third-quarter revenue declined 2.2% to $2.9 billion, sh ...

Hormel Foods Corporation (NYSE:HRL) Q3 2024 Earnings Conference Call September 4, 2024 9:00 AM ET Company Participants Jess Blomberg - Media Relations Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Benjamin Theurer - Barclays Bank Kenneth Goldman - JPMorgan Chase Peter Galbo - Bank of America Rupesh Parikh - Oppenheimer Michael Lavery - Piper Sandler Heather Jones - Heather Jones Research Adam Samuelson - Goldman Sachs Operator Good morning, ladies and gentlemen ...

1 SUPPLEMENTAL INFORMATION Third Quarter Fiscal 2024 In June, Applegate® Introduced the First Nationally Available Organic Pepperoni DISCLAIMERS Quarterly Supplement DISCLAIMERS Quarterly Supplement Forward-Looking Statements This presentation contains "forward-looking" information within the meaning of the federal securities laws. The "forward-looking" information may include statements concerning the Company's outlook for the future as well as other statements of beliefs, future plans, strategies, or anti ...

Hormel Foods Corporation (HRL) delivered third-quarter fiscal 2024 results, wherein the top and bottom lines declined year over year. Net sales missed the Zacks Consensus Estimate. The company has reduced its fiscal 2024 net sales outlook due to weaker-than-expected commodity markets, production disruptions at the Suffolk, VA facility and declines in the contract manufacturing sector. Management also narrowed its earnings guidance range. HRL's Quarterly Results: Key Metrics & Insights Hormel Foods' adjusted ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Sales are in a slump and management is changing its outlook accordingly. Shares of Hormel Foods (HRL -7.32%) got knocked down on Wednesday after the company reported financial results for its fiscal third quarter of 2024. As of 10:30 a.m. ET, Hormel stock was down 8% and getting close to nine-year lows. The outlook drops for Hormel In Q3, Hormel's net sales of $2.9 billion were down 2% year over year, more than what Wall Street had expected. That said, the company's net income of $177 million was up nearly ...

Hormel Foods (HRL) reported $2.9 billion in revenue for the quarter ended July 2024, representing a year-overyear decline of 2.2%. EPS of $0.37 for the same period compares to $0.40 a year ago. The reported revenue represents a surprise of -1.94% over the Zacks Consensus Estimate of $2.96 billion. With the consensus EPS estimate being $0.36, the EPS surprise was +2.78%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Hormel Foods (HRL) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 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 2.78%. A quarter ago, it was expected that this maker of Spam canned ham, Dinty Moore stew and other foods would post earnings of $0.35 per share when it actually produced earnings of $0.38, delivering a surprise of 8 ...

Beginning Sept. 4, fans can declare their intention to take 'Pepperoni Time Off' on National Pepperoni Pizza Day to win the Ultimate HORMEL® Pepperoni Pizza Vacation AUSTIN, Minn., Sept. 4, 2024 /PRNewswire/ -- The makers of HORMEL® Pepperoni, America's No. 1 pepperoni brand*, are encouraging fans to lean into their desires and celebrate the most important day of the year — National Pepperoni Pizza Day on Friday, Sept. 20. Fans can enter for a chance to win the Ultimate HORMEL® Pepperoni Pizza Vacation to N ...