Shares of Hormel Foods HRL decreased 0.2% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share fell 8.51% year over year to $0.43, which missed the estimate of $0.44.
Revenue of $2,420,000,000 decreased by 3.28% year over year, which missed the estimate of $2,590,000,000.
Guidance
Hormel Foods hasn't issued any earnings guidance for the time being.
Hormel Foods hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Nov 24, 2020
Time: 10:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/hrl/mediaframe/41831/indexr.html
Recent Stock Performance
Company's 52-week high was at $52.97
Company's 52-week low was at $39.01
Price action over last quarter: down 1.86%
Company Description
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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