Hormel Foods Corp

HRL

Equity

ISIN US4404521001 / Valor 933812

New York Stock Exchange, Inc (2024-11-21)

USD 30.50+0.93%

Hormel Foods Corp
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About company

Hormel Foods Corp, founded in 1891 by George A. Hormel, is a food company based in Austin, Minnesota. The company prides itself on values such as integrity, quality, innovation, respect, and community commitment. Hormel Foods is known for its diverse portfolio of food products, including iconic brands like SPAM, Skippy, and Jennie-O. The company has a long history of providing consumers with high-quality food products and continues to innovate in the food industry.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales

Hormel Foods Corp reported net sales of $2.89 billion for the second quarter of fiscal 2024, which ended on April 28, 2024. This represents a slight decrease compared to the $2.98 billion in net sales reported for the same period in fiscal 2023.

Operating Income

For the second quarter of fiscal 2024, Hormel Foods Corp's operating income was $252 million, down from $296 million in the same quarter of the previous year. Adjusted operating income was $276 million, reflecting a decrease from the prior year's $296 million.

Earnings Before Income Taxes

Hormel Foods Corp reported earnings before income taxes of $244 million for the second quarter of fiscal 2024, a 12% decline from the $268 million reported in the same quarter of fiscal 2023. Adjusted earnings before income taxes were $268 million, down 4% from the previous year.

Net Earnings Per Share

In the second quarter of fiscal 2024, Hormel Foods Corp's diluted net earnings per share were $0.34, compared to $0.40 in the same period last year. Adjusted diluted net earnings per share were $0.38, down from $0.40 in the previous year.

Cash Flow from Operations

Hormel Foods Corp reported a quarter-to-date cash flow from operations of $236 million for the second quarter of fiscal 2024, which is a 13% increase compared to the same period in fiscal 2023.

Summarized from source with an LLMView Source

Key figures

-6.01%1Y

-28.5%3Y

-28.6%5Y

Performance

29.2%1Y

23.5%3Y

24.2%5Y

Volatility