Market Overview

Recap: Hormel Foods Q4 Earnings

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Shares of Hormel Foods (NYSE: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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Posted-In: Earnings News