Hormel Earnings Reports

Hormel Foods reported Q1 FY25 net sales of $2.99 billion, with adjusted EPS of $0.35. Operating income declined, impacted by higher input costs and a challenging macroeconomic environment. The company reaffirmed its fiscal 2025 guidance, with continued focus on strategic initiatives.

Hormel Foods reported Q4 net sales of $3.1 billion and operating income of $294 million. The company's performance was supported by its value-added portfolio and benefits from the Transform and Modernize initiative.

Hormel Foods reported solid third-quarter results with better-than-expected earnings. Key retail brands grew, the Foodservice business delivered above-industry growth, and the International segment experienced significant recovery. The company is updating its net sales range expectations to $11.8 billion to $12.1 billion and narrowing its expected diluted net earnings per share range to $1.45 to $1.51.

Hormel Foods Corporation reported second quarter fiscal 2024 results, with net sales of $2.89 billion and diluted net earnings per share of $0.34. The company is updating its full-year earnings outlook, reaffirming its net sales growth outlook of 1% to 3% and updating its expectations for diluted net earnings per share to $1.45 to $1.55.

Hormel Foods delivered strong first-quarter results with volume growth across all segments. The company reaffirms its full-year net sales and earnings expectations, anticipating continued growth in Foodservice, improvements in the International business, and impacts from pricing and innovation in Retail.

Hormel Foods reported Q4 2023 results with net sales of $3.2 billion and diluted net earnings per share of $0.36. The Foodservice segment delivered strong results, while the Retail and International segments faced pressure. The company is investing in transformation to accelerate growth as a global branded food company.

Hormel Foods reported Q3 2023 results with net sales of $3.0 billion and operating income of $217 million, impacted by a $70 million adverse arbitration ruling. Adjusted net earnings per share were in line with last year.

Hormel Foods reported net sales of $3.0 billion and operating income of $296 million. The company reaffirmed its full-year net sales and earnings guidance, expecting net sales growth of 1% to 3% and diluted net earnings per share of $1.70 to $1.82.

Hormel Foods Corporation reported first quarter fiscal 2023 results with net sales of $3.0 billion and operating income of $289 million. The company faced challenges including inflationary pressures and supply chain inefficiencies, impacting sales volumes across business segments.

Hormel Foods Corporation reported results for the fourth quarter of fiscal 2022. Net sales were $3.3 billion, down 5%; operating income was $367 million, up 3%; and diluted earnings per share were $0.51, comparable to last year.

Hormel Foods reported a strong third quarter with record net sales of $3.0 billion, a 6% increase, and operating income of $291 million, a 40% increase. The company has revised its full year sales guidance upwards but lowered its earnings guidance due to persistent inflationary pressures.

Hormel Foods reported strong top- and bottom-line growth in the second quarter of fiscal 2022, with record net sales of $3.1 billion, up 19%, and diluted earnings per share of $0.48, up 14%. The company reaffirms its full-year sales expectations and narrows its earnings guidance range.

Hormel Foods reported a strong first quarter with record net sales of $3.0 billion, a 24% increase from the previous year. The company reaffirmed its full-year sales and earnings guidance, demonstrating the strength of its balanced business model and exceptional execution in navigating difficult operating conditions.

Hormel Foods reported record sales of $3.5 billion and record diluted earnings per share of $0.51 for the fourth quarter of fiscal 2021. All segments contributed to the growth, with particularly strong performance in the foodservice channel. The company also issued earnings guidance with sales and earnings growth expected from all four segments.

Hormel Foods reported record net sales of $2.9 billion, up 20%, with growth from all segments and channels. Diluted earnings per share were $0.32, down 14%, but adjusted diluted earnings per share were $0.39, up 5%. The company expects to deliver record sales again in the fourth quarter.

Hormel Foods reported record net sales of $2.6 billion, up 8% compared to last year. The company reaffirmed its full year earnings per share guidance of $1.70 to $1.82. Strong foodservice sales, continued elevated demand in the retail, deli and international channels, and improved supply chain performance contributed to the record results.

Hormel Foods Corporation reported record net sales of $2.5 billion, up 3%, driven by growth from all four segments. Diluted earnings per share were $0.41, down 9% compared to last year. The company set its full year earnings per share guidance at $1.70 to $1.82, which does not include the expected impact from the acquisition of the Planters snack nuts business.

Hormel Foods Corporation reported results for the fourth quarter of fiscal 2020. Net sales were $2.4 billion, down 3%; diluted earnings per share of $0.43, down 9% from $0.47. The company highlighted strong growth in its International segment, particularly in China, and continued growth for many retail and deli brands.

Hormel Foods Corporation reported an excellent third quarter with record net sales of $2.4 billion, up 4% year-over-year. The company saw strength across its retail and deli businesses, along with a rebound in its foodservice business. Diluted earnings per share were $0.37, flat compared to the prior year. The company absorbed approximately $40 million in incremental supply chain costs related to COVID-19.

Hormel Foods reported a 3% increase in net sales to $2.4 billion and a diluted earnings per share of $0.42, a 19% decrease compared to last year. The company withdrew its full-year sales and earnings guidance due to uncertainty related to the COVID-19 pandemic.

Hormel Foods reported a 1% increase in net sales to $2.4 billion and a 2% increase in diluted earnings per share to $0.45. The company reaffirmed its fiscal year 2020 earnings guidance of $1.69 to $1.83 per share.