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The Latest Breaking News from Hormel

Is Hormel Foods Stock Underperforming the Dow?

As Hormel Foods has underperformed the Dow recently, analysts remain cautious about the stock’s prospects.

Barchart

Is Wall Street Bullish or Bearish on Hormel Foods Stock?

As Hormel Foods significantly underperformed the broader market over the past 52 weeks, Wall Street analysts remain cautious about the stock’s prospects.

Barchart

Hormel Foods' Quarterly Earnings Preview: What You Need to Know

Hormel Foods is poised to announce its first-quarter results in March, and analysts predict a single-digit dip in the company’s bottom-line figure.

Barchart

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Is Hormel Foods Stock Underperforming the Nasdaq?

Hormel Foods has recently lagged behind the Nasdaq Composite, and Wall Street analysts are expressing caution regarding the stock's future prospects.

Barchart

Savor Steady Dividends With These 2 High-Yield Value Stocks

Consumer staples stocks like Hormel and Campbell Soup Company are trading at historical discounts and paying above-average yields in late 2024.

MarketBeat

Hormel Foods's Q4 2024 Earnings: What to Expect

Hormel Foods is set to report its Q4 earnings in December, with analysts forecasting a modest decline in profits.

Barchart

Is Hormel Foods Stock Underperforming the S&P 500?

Hormel Foods has recently underperformed the S&P 500, and Wall Street analysts are cautious about the stock’s prospects.

Barchart

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Inflation, Bird Flu Hit U.S. Egg And Meat Suppliers. But Vital Farms Stock Is Rollicking.

Vital Farms stock capped its stellar run with a fresh high Wednesday and has nearly tripled over past year.

Investors Business Daily

3 Passive Income Stocks To Scoop Up Now

These three stocks have earned the title of Dividend Kings by consistently increasing dividends for at least 50 years.

Barchart

Hormel Sinks Amid 'Largest Wage Increases' In Meatpacker's History

The new labor contract boosts pay and benefits. The food producer also issued three-year financial targets

Investors Business Daily

Some people are only just realising what SPAM stands for

You'll more than likely find a tin of SPAM collecting dust at the back of your nana's kitchen cupboard, but have you ever questioned what it actually stands for?

Chronicle Live

How frugal shoppers are helping to fight inflation

It's not just the Federal Reserve that can fight inflation — consumers can, too, by changing their buying habits, Deloitte researchers say.

Tribune News Service

How the food industry exploits confusion

A recent settlement against Hormel Foods fought back against food industry attempts to exploit confusion

Salon

Fans of Hormel Chili Cheese Dip, this beer is for you

Two Minnesota companies join forces to make the beer that will be the hit of your game-day gatherings.

Tribune News Service

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Judge rejects motion to dismiss class action on turkey pricing

A federal judge has declined to dismiss an antitrust case against several turkey suppliers including agribusiness giants Cargill and Hormel Foods Corp.

WEKU

All we want for Christmas is ... Spam Figgy Pudding?

This seasonal Spam includes additional "fig and orange flavors, cinnamon, cloves, nutmeg, ginger and all spice." As ever, it is shelf stable in case of the apocalypse.

Tribune News Service

Hormel misses profit expectations, lowers full year guidance

Despite selling less food than it did a year before, higher prices helped Hormel's profit soar 24% this summer.

Tribune News Service

Republican Brad Finstad wins Minn. special election; rematch with Jeff Ettinger set for November

MINNEAPOLIS — Republican Brad Finstad defeated Democrat Jeff Ettinger in the special election race Tuesday to fill the vacant congressional seat in southern Minnesota.

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Tribune News Service

Republican Brad Finstad leads Democrat Jeff Ettinger for southern Minnesota congressional seat

MINNEAPOLIS — Republican Brad Finstad jumped to an early lead over Democrat Jeff Ettinger Tuesday in the special election race to fill the vacant congressional seat in southern Minnesota.

Tribune News Service

Hormel seeks metaverse trademarks for Spam and Mr. Peanut

Mr. Peanut is headed to the metaverse.

Benzinga

Happy 85th Birthday, Spam!

Hormel Foods Corp. (NYSE: HRL) has marked July 5 as the 85th anniversary of the introduction of the Spam brand of canned pork.

Benzinga

Mid-Morning Market Update: Markets Open Lower; Hormel Foods Earnings Top Views

U.S. stocks traded lower this morning, with the Dow Jones dropping 200 points on Thursday.

Benzinga

Hormel Foods Manages To Beat Q2 Estimates; Narrows FY22 EPS Outlook

Hormel Foods Corp (NYSE:HRL) reported second-quarter FY22 sales growth of 19% to $3.09 billion, beating the consensus of $3.07 billion. Net sales for Refrigerated Foods increased 13% Y/Y, Grocery Products rose 39%, Jennie-O Turkey Store climbed 16%, and International & other sales fell 1%. EPS of $0.48 beat the analyst consensus of $0.47.…

Benzinga

Goldman Sachs Turns Bearish On This Food Processing Company

Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside. Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain. The analyst expects material fertilizer supply shocks across nutrients. Samuelson views…

Benzinga

Hormel Foods Clocks 24% Sales Growth In Q1, Reaffirms FY22 Forecast

Hormel Foods Corp (NYSE:HRL) reported first-quarter FY22 sales growth of 24% year-on-year, to $3.04 billion, beating the consensus of $2.93 billion. Organic net sales improved 13%. EPS of $0.44 was in line with Street view. The gross margin contracted 60 basis points Y/Y to 17.7%. The operating margin was 10.5%, and operating income for the…

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