Hormel Foods Corporation Overview
Industry: Packaged Foods
Sector: Consumer Defensive
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, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Caf H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota. 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 Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Hormel Foods Corporation into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Net sales was $3B (reported); earnings were $157.5M; EPS was $0.29.
Net sales
$3B
reported
Earnings
$157.5M
-13% YoY
EPS
$0.29
reported
Operating income
$217M
reported
What changed
- Net sales reported to $3B; earnings $157.5M; EPS $0.29.
- Net income -12% YoY to $157.4M.
- Net sales of $2.97 billion; organic net sales 1 up 3%.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Earnings material
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Other recent earnings materials
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Hormel (HRL) Stock Could Be A Bargain On Cash Flow But Full On Earnings
Headline from Yahoo Finance: Hormel (HRL) Stock Could Be A Bargain On Cash Flow But Full On Earnings.
Hormel Foods Corp. stock underperforms Friday when compared to competitors despite daily gains
Headline from MarketWatch: Hormel Foods Corp. stock underperforms Friday when compared to competitors despite daily gains.
IBM (IBM) Is Buying HRL Laboratories To Broaden Its Quantum Computing Bet
Headline from Yahoo Finance: IBM (IBM) Is Buying HRL Laboratories To Broaden Its Quantum Computing Bet.
IBM to acquire HRL Laboratories to advance quantum computing
Headline from Investing.com UK: IBM to acquire HRL Laboratories to advance quantum computing.
IBM to acquire HRL Laboratories to advance quantum computing By Investing.com
Headline from Investing.com South Africa: IBM to acquire HRL Laboratories to advance quantum computing By Investing.com.
IBM buys HRL Laboratories in shift to two-track quantum computing strategy
Headline from Reuters: IBM buys HRL Laboratories in shift to two-track quantum computing strategy.
Earnings Per Share
Score 2.00/5
Hormel Foods Corporation earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Hershey Co
Procter & Gamble Company
Grand Canyon Education Inc
In
Packaged Foods industry
, General Mills Inc
, Ingredion Inc
, FLOWERS FOODS INC
are companies with high ratings.
Return on Equity
Score 2.99/5
Hormel Foods Corporation stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Hershey Co
Procter & Gamble Company
Grand Canyon Education Inc
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Net Margin
Score 4.34/5
Hormel Foods Corporation
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Hershey Co
Procter & Gamble Company
Grand Canyon Education Inc
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Leverage
Score 3.36/5
Hormel Foods Corporation
attains a commendable score in the category due to its lower leverage ratio over the past six years in comparison to the sector median value. Additionally, other notable companies in the same sector, such as
Hershey Co
Procter & Gamble Company
Grand Canyon Education Inc
, also exhibit high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
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Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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