Why Hormel Stock Dropped 10% Today
Hormel expects operating income to grow 5% to 7% annually over the next three years. The company will also now pay its unionized workforce $3 to $6 an hour more.
Hormel Foods Is Worst S&P 500 Performer After Issuing 3-Year Financial Targets
The food manufacturer's stock is on pace for its worst day in more than a decade.
Hormel stock drops 8% as worst performer in S&P after workers ratify contract
Hormel Foods Corp.'s HRL, -8.39% stock was down 8.7% to $33.11 a share on Thursday morning as the worst performer in the S&P 500 SPX, -0.12%. The food company is on track for its lowest close since...
Hormel Foods Stock: Caution, Just Caution
Hormel Foods Corporation shares have been trading in a stagnant fashion and even declining, trading near the lowest levels in a decade. Earnings have slipped due to a big acquisition and inflationa...
Hormel Foods Announces Webcast of 2023 Investor Day Presentation
AUSTIN, Minn. , Oct. 9, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a live webcast of the Horm...
My Top 3 Dividend Stocks to Buy Now
Unilever is starting to see some good results as it works to turn its business around. Hormel Foods is struggling today, but the historically high yield is very attractive.
Hormel Foods (HRL) Appears Dull on Supply-Chain, Cost Woes
Hormel Foods (HRL) continues to operate in a volatile, complex and high-cost environment. Weakness in the International segment is a hurdle.
Hormel Misses Forecasts, Cuts Outlook on Falling Meat Prices and Lower Demand in China
Falling meat prices and slowing demand in China ate into profit and sales at Hormel Foods (HRL), the maker of Spam, Skippy Peanut Butter, and other foods, which cut its full-year guidance.
Hormel Foods (HRL) Misses Q3 Earnings and Revenue Estimates
Hormel Foods (HRL) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.40 per share a year ago.
Hormel Foods falls on dour quarter, warns over consumer spending
Hormel Foods (NYSE:HRL) stock fell in Thursday's premarket deals after its quarterly results fell short of Wall Street expectations, and, also came with a downgrade to guidance for the full-year. A...
Hormel stock sinks toward 3-month low after profit and sales miss, downbeat outlook
Shares Hormel Foods Corp. HRL, -0.38% dropped 3.4% toward a three-month low in premarket trading Thursday, after the parent of Planters, Skippy, Spam and Hormel branded food reported fiscal third-q...
3 Top Stocks to Buy During a Bear Market (And It's Not Even Close)
Not all food companies are built the same. Hormel Foods enjoys a combination of persistent pricing power and opportunities to keep its relative costs curbed.
What's in the Cards for Hormel Foods (HRL) in Q3 Earnings?
Hormel Foods' (HRL) third-quarter results are likely to reflect gains from strategic initiatives like Go Forward and One Supply Chain.
Hormel Foods (HRL) Gains From Capacity Expansions Amid Risks
Hormel Foods (HRL) is poised to gain from its solid presence across end markets, strategic investments and acquisitions. Softness in retail bacon and foodservice businesses remains concerning.
Hormel Foods: Still Not Worth It
Hormel Foods faces inventory problems leading to lower margins. The company's dividend yield is low and its dividend may not grow at its historical pace. HRL stock is overvalued, and investors may ...
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