Recap: Hormel Foods Q2 Earnings

 

Shares of Hormel Foods HRL moved higher by 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 0.00% year over year to $0.42, which beat the estimate of $0.41.

Revenue of $2,607,000,000 up by 7.64% from the same period last year, which beat the estimate of $2,420,000,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $1.70 and $1.82.

The upcoming fiscal year's revenue expected to be between $10,200,000,000 and $10,800,000,000.

Conference Call Details

Date: May 20, 2021

Time: 09:00 AM

ET Webcast URL: https://services.choruscall.com/mediaframe/webcast.html?webcastid=zISuqbQE

Price Action

Company's 52-week high was at $52.97

Company's 52-week low was at $43.45

Price action over last quarter: down 2.23%

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: 67% U.S. retail, 26% U.S. food service, and 7% international. By product type, in fiscal 2020 22% of revenue was shelf-stable foods, 20% was poultry (branded and commodity), 55% was other perishable food, and 3% was other, primarily nutritional products. The company holds the number-one market position in shelf-stable meat, shelf-stable ready meals, pepperoni, natural/organic deli meat, guacamole, and the number-two position in turkey, bacon, chilled ready meals, and peanut butter.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!