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Hormel Foods Co. (NYSE: HRL) is a global branded food company in the consumer staples sector. Its shelf-stable, refrigerated meat and poultry food products are stocked across supermarkets, convenience stores, retailers, commercial kitchens, and food service provider pantries.

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Hormel Foods Corporation's recent fiscal Q3 earnings beat expectations by a penny, but revenue fell short by $65M, highlighting slow earnings growth and underperformance relative to the S&P 500. Despite international profit gains and a promising “transform and modernize” plan, Hormel faces ongoing challenges with turkey and commodity costs, impacting overall growth. Hormel's valuation and slow earnings growth make it a less attractive buy, even with a solid dividend yield and strong cash flow management.

Hormel Foods Corporation (NYSE:HRL ) Barclays 17th Annual Global Consumer Staples Conference September 5, 2024 9:45 AM ET Company Participants Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Unidentified Analyst Said - well it works. Good morning.

Hormel Foods (HRL) shares sank as the food company's sales fell and it cut its outlook on lower prices and factory disruptions.

Hormel Foods Corporation (NYSE:HRL ) Q3 2024 Earnings Conference Call September 4, 2024 9:00 AM ET Company Participants Jess Blomberg - Media Relations Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Benjamin Theurer - Barclays Bank Kenneth Goldman - JPMorgan Chase Peter Galbo - Bank of America Rupesh Parikh - Oppenheimer Michael Lavery - Piper Sandler Heather Jones - Heather Jones Research Adam Samuelson - Goldman Sachs Operator Good morning, ladies and gentlemen, and welcome to the Hormel Foods Corporation Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.

Hormel Foods' third-quarter fiscal 2024 results reflect lower sales and earnings amid weaker-than-expected commodity markets. Management cuts fiscal 2024 view.

Hormel Foods Corp (NYSE:HRL) shares fell after the branded food firm's quarterly sales took a hit from lower prices and a production disruption at its Virginia facility. For the fiscal third quarter which ended on July 28, 2024, the maker of Skippy peanut butter, Wholly guacamole and SPAM lunchmeat reported revenue of $2.9 billion, missing Street estimates by 2%.

Hormel's sales are down more than analysts expected. The company's dividend yield is near an all-time high, which suggests that investors don't have enough confidence to buy shares right now.

Although the revenue and EPS for Hormel (HRL) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hormel Foods (HRL) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.40 per share a year ago.

Austin, Minn.-based Hormel has been beset by lower prices for whole bird turkeys this year, as well as a production interruption at a Planters facility in Virginia and lower center-store and contract manufacturing volumes.

Hormel Foods Corporation HRL is set to release earnings results for its third quarter, after the closing bell on Wednesday, Sept. 4.

The stock market and the economy frequently move in different directions. So, when you hear that the Federal Reserve is getting ready to lower interest rates, likely as early as September, it's important to understand the interplay between inflation and employment.