Index Investing News
Saturday, May 31, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Hormel Meals (HRL) to report This autumn 2024 earnings outcomes, a have a look at what to anticipate

by Index Investing News
November 29, 2024
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Shares of Hormel Meals Company (NYSE: HRL) rose over 1% on Friday. The inventory has gained over 5% up to now one month. The branded meals firm is slated to report its fourth quarter 2024 earnings outcomes on Wednesday, December 4, earlier than market open. Right here’s a have a look at what to anticipate:

Income

Analysts are projecting income of $3.14 billion for Hormel in This autumn 2024. This represents a drop of over 1% from the identical interval final yr. Within the third quarter of 2024, web gross sales decreased 2% year-over-year to $2.90 billion.

Earnings

The consensus estimate for earnings per share in This autumn 2024 is $0.42. This compares to adjusted EPS of $0.42 reported within the fourth quarter of 2023 and $0.37 reported within the third quarter of 2024.

Factors to notice

Within the fourth quarter, Hormel is anticipated to profit from continued demand for a lot of of its key retail manufacturers equivalent to Hormel Black Label bacon, Applegate meats, Jennie-O floor turkey, and Skippy peanut butter. The corporate has been doing properly in classes like bacon, canned meats, turkey and peanut butter. It has additionally been seeing a stabilization in its handy meals and proteins enterprise.

In Q3, the Retail section outcomes had been negatively impacted by quantity and value declines for entire chicken turkeys, decrease gross sales of Planters snack nuts brought on by manufacturing disruptions on the Suffolk facility, and decrease contract manufacturing volumes.

The corporate expects to see improved service ranges for the Planters snack nuts enterprise within the fourth quarter however the contract manufacturing enterprise is anticipated to see continued softness on account of low demand for sure gadgets.

The Foodservice enterprise is anticipated to ship progress in This autumn. Final quarter, gross sales and quantity on this section benefited from sturdy efficiency throughout the turkey, premium ready proteins, bacon and pepperoni classes. Merchandise equivalent to Outdated Smokehouse Bacon, Café H proteins, and Jennie-O turkey delivered double-digit gross sales progress. Hormel’s portfolio and the various channels it operates in continued to offer its Foodservice enterprise a cushion towards a number of macro headwinds.

Hormel expects to see progress in its Worldwide enterprise in the course of the fourth quarter. Regardless of a drop in gross sales and quantity final quarter, the corporate noticed enchancment in its efficiency versus the earlier yr. This section benefited from positive factors in SPAM luncheon meat, Skippy peanut butter, and refrigerated foodservice exports. Its China enterprise seems to be on a optimistic trajectory and its investments within the Philippines and Indonesia are starting to repay.

Hormel continues to make progress on its rework and modernize initiative, which has enabled it to unlock extra manufacturing capability and understand value financial savings throughout its community. These initiatives are anticipated to assist drive progress going ahead.



Source link

Tags: EarningsExpectFoodsHormelHRLReportResults
ShareTweetShareShare
Previous Post

A Private Message of Thanks from The Cipher Transient

Next Post

Adam Smith’s Knowledge and the Nuclear Vitality Debate

Related Posts

Can Costco (COST) stay resilient towards tariff headwinds this yr?

Can Costco (COST) stay resilient towards tariff headwinds this yr?

by Index Investing News
May 31, 2025
0

Costco Wholesale Company (NASDAQ: COST) this week reported larger gross sales and revenue for the third quarter, regardless of tariff-related...

This is the reason Jamie Dimon is at all times so gloomy on the financial system

This is the reason Jamie Dimon is at all times so gloomy on the financial system

by Index Investing News
May 31, 2025
0

Jamie Dimon, CEO of JPMorgan Chase, testifies through the Senate Banking, Housing and City Affairs Committee listening to titled Annual...

What to search for when Signet Jewelers (SIG) stories Q1 2026 earnings outcomes

What to search for when Signet Jewelers (SIG) stories Q1 2026 earnings outcomes

by Index Investing News
May 30, 2025
0

Shares of Signet Jewelers Restricted (NYSE: SIG) have been down 1% on Friday. The inventory has gained 26% over the...

Did a Secret Courtroom Simply Halt Trump’s Tariffs?

Did a Secret Courtroom Simply Halt Trump’s Tariffs?

by Index Investing News
May 30, 2025
0

Final Friday, I walked out of the grocery retailer shaking my head. I had simply picked up a bottle of...

What a federal commerce courtroom block on Trump tariffs means for shoppers

What a federal commerce courtroom block on Trump tariffs means for shoppers

by Index Investing News
May 30, 2025
0

President Donald Trump holds a chart as he proclaims a plan for tariffs on imported items throughout an occasion April...

Next Post
Adam Smith’s Knowledge and the Nuclear Vitality Debate

Adam Smith's Knowledge and the Nuclear Vitality Debate

Watch: Orson Welles’ ‘Freedom River’ Animated Quick About America

Watch: Orson Welles' 'Freedom River' Animated Quick About America

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

The Next Chapter of the Banyan Hill Story

The Next Chapter of the Banyan Hill Story

December 6, 2022
Trailer for Short Fan-Film ‘The Spider’ – A Horror Take on Spider-Man

Trailer for Short Fan-Film ‘The Spider’ – A Horror Take on Spider-Man

March 16, 2024
US struggling to trace arms shipments to Ukraine – media — RT World Information

US struggling to trace arms shipments to Ukraine – media — RT World Information

April 20, 2022
Chris Eubank Jr says it’s ‘not right’ to fight Conor Benn before Liam Smith despite ‘millions’ on offer | Boxing News

Chris Eubank Jr says it’s ‘not right’ to fight Conor Benn before Liam Smith despite ‘millions’ on offer | Boxing News

May 15, 2023
IBM (IBM) Q3 2023 Earnings: Key financials and quarterly highlights

IBM (IBM) Q3 2023 Earnings: Key financials and quarterly highlights

October 26, 2023
Tropical Storm warning: Ophelia forms off, tracking storm path

Tropical Storm warning: Ophelia forms off, tracking storm path

September 23, 2023
Kherson residents return to flood-ruined homes after dam destroyed

Kherson residents return to flood-ruined homes after dam destroyed

June 23, 2023
7 Rental Properties in 6 Years with This “No-Brainer” Technique

7 Rental Properties in 6 Years with This “No-Brainer” Technique

November 18, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In