Hormel Foods Misses Q4 Sales Expectations, Turkey Woes Gobble …

Dec 4, 2024 · Hormel Foods Misses Q4 Sales Expectations, Turkey Woes Gobble Up Growth Prospects. Hormel Foods Corporation (NYSE:HRL) shares are trading lower on Wednesday.. …

$100
OFF

Hormel Foods Misses Q4 Sales Expectations, Turkey Woes

2 weeks from now

Dec 4, 2024 · Zinger Key Points. Hormel Foods Q4 sales miss estimates, impacted by a decline in turkey market and production issues at the Virginia facility. Hormel expects $100M-$150M in …

benzinga.com

$3.13
OFF

Hormel Foods Misses Q4 Sales Expectations, Turkey Woes Gobble …

2 weeks from now

Dec 4, 2024 · Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion. Gross Profit in the quarter under review totaled $521.230 million, compared with …

aol.com

1%
OFF

Hormel's Stock Slumps As Sales Are Still Being Hurt By Weak Turkey ...

2 weeks from now

Dec 4, 2024 · Branded food company has grappled with weak whole-turkey prices all year . Hormel Foods Corp.'s stock fell 1% Wednesday and erased its year-to-date gains, after the …

morningstar.com

4%
OFF

Hormel Foods Faces Challenges With Slowing Sales And Lower …

2 weeks from now

Hormel Foods saw a 4% drop in shares after declining demand for turkey and snacks hit its revenue. What does this mean? Hormel Foods is grappling with lower-than-expected ...

finimize.com

$0.40
OFF

Hormel Foods Corporation Reports Slight Miss In Q4 FY’24

2 weeks from now

Dec 4, 2024 · The reported EPS of $0.40 fell slightly short of expectations, while the adjusted EPS of $0.42 aligned more closely with forecasts. On the revenue front, the company reported $3.1 …

tokenist.com

7%
OFF

Hormel Foods Stock Slides 4.7% After Sales Were Hurt By Weakness …

2 weeks from now

Hormel Foods Corp. HRL stock slid 4.7% Wednesday after the meat and food products company topped fiscal fourth-quarter profit forecasts but fell short on sales and said it expected a …

marketwatch.com

1%
OFF

Hormel’s Stock Slumps As Sales Are Still Being Hurt By Weak Turkey ...

2 weeks from now

Dec 4, 2024 · Hormel Foods Corp.’s stock fell 1% Wednesday and erased its year-to-date gains, after the parent of brands including Jennie-O and Spam posted weaker-than-expected sales …

marketwatch.com

3%
OFF

Hormel Misses On Sales As 'whole-bird Turkeys' Sees Significant ...

2 weeks from now

May 30, 2024 · Sales were down 3% to $2.89 billion, below the FactSet consensus of $2.97 billion, as 7% declines in both retail and international sales offset 6% growth in food-service …

morningstar.com

5%
OFF

Hormel Foods Cuts Annual Sales Forecast On Lower Turkey Prices

2 weeks from now

Sep 4, 2024 · Hormel's shares were down about 5% in premarket trading. The company also missed market expectations for third-quarter sales and narrowed its annual adjusted profit target.

usnews.com

12%
OFF

Hormel Foods Forecasts Annual Sales, Profits Below Estimates

2 weeks from now

Dec 9, 2024 · Hormel also posted fourth-quarter results in line with Wall Street expectations. Jennie-O Turkey is one of Hormel's key brands, contributing about 12% to sales in 2022.

esmmagazine.com

4%
OFF

Hormel Foods’ Earnings Dinged By Continued Pressure On Whole …

2 weeks from now

Hormel Foods Corp.’s stock HRL fell 8.4% early Wednesday, after the parent of food brands including Skippy, Spam, Dinty Moore and Planters reported fiscal third-quarter sales that fell …

marketwatch.com

FAQs about Hormel Foods Misses Q4 Sales Expectations, Turkey Woes Gobble … Coupon?

Does Hormel have a food safety issue?

Lower commodity prices for high-volume export products such as turkey and fresh pork have weighed significantly on Hormel's business. A food safety issue at its facility in Suffolk, Virginia, which makes the Planters brand of snacks, also took a toll on U.S. retail volumes in the quarter ended July 28, which fell 9%. ...

Why did Hormel's stock fall 32%?

Hormel’s sales were again hurt by weak turkey prices. Photo: Getty Images Hormel Foods Corp.’s stock fell 3.2% early Wednesday, after the parent of brands including Jennie-O and Spam posted weaker-than-expected sales for its fiscal fourth quarter, weighed down by a continued slump in turkey prices. ...

How much will Hormel Foods make in fy25?

Outlook: Hormel Foods has projected net sales for FY25 to range between $11.9 billion and $12.2 billion, compared to the $12.23 billion estimate. The company also expects adjusted diluted earnings per share to be between $1.58 and $1.72, compared to the $1.68 estimate. ...

Did Hormel beat profit expectations?

Hormel beats profit expectations, but sales fall short. Shares of Hormel Foods Corp. slumped toward their biggest loss in seven months on Thursday, after the parent of food brands including Skippy, Spam, Dinty Moore and Planters, reported fiscal second-quarter sales that fell below forecasts, amid “significant” weakness in whole-bird turkeys. ...

Why did Hormel cut its annual sales forecast?

Sept 4 (Reuters) - Skippy peanut butter maker Hormel Foods (HRL.N) cut its annual sales forecast on Wednesday, hurt by lower commodity prices and a production disruption at its Planters brand manufacturing facility in Virginia. Hormel's shares were down about 5% in premarket trading. ...

How much does Hormel Foods earn per share?

Excluding items, Hormel Foods earned 37 cents per share for the third quarter. Analysts had expected 36 cents per share. The company expects annual adjusted earnings per share between $1.57 and $1.63, compared with the $1.55 to $1.65 per share forecast earlier. ...