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Shares of Hormel Foods (NYSE:HRL) rose 0.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 8.70% year over year to $0.42, which were in line with the estimate of $0.42.
Revenue of $2,422,000,000 rose by 3.28% from the same period last year, which beat the estimate of $2,370,000,000.
Guidance
Hormel Foods hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: May 21, 2020
Time: 09:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/hrl/mediaframe/38139/indexr.html
Price Action
52-week high: $51.53
Company's 52-week low was at $37.00
Price action over last quarter: Up 7.80%
Company Profile
Hormel Foods is a protein-focused branded food company. Its brands include its namesake Hormel, Spam, Jennie-O, Dinty Moore, Applegate, Wholly Guacamole, and Skippy. The vast majority of the company's revenue is U.S.-based: 62% U.S. retail, 31% U.S. food service, and 7% international. By product type, 19% of revenue is shelf-stable foods, 19% is poultry (branded and commodity), 57% is other perishable food, and 5% is other, primarily nutritional products. The company holds the number-one market position in turkey, shelf-stable meat, pepperoni, natural/organic deli meat, guacamole, and canned stew and the number-two position in bacon and peanut butter.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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