=Hormel Foods (HRL) reported earnings on Tue 20 Nov 2018 (b/o)

Hormel Foods beats by $0.03, misses on revs; guides FY19 EPS in-line, revs in-line; increases dividend

• Reports Q4 (Oct) earnings of $0.51 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.48; revenues rose 1.3% year/year to $2.52 bln vs the $2.57 bln S&P Capital IQ Consensus.
• Volume of 1.27 billion lbs., down 1%; organic volume down 3%
• Co increases annual dividend to $0.84/share from $0.75/share
• Co issues in-line guidance for FY19, sees EPS of $1.77-1.91 vs. $1.84 S&P Capital IQ Consensus; sees FY19 revs of $9.7-10.2 bln vs. $9.88 bln S&P Capital IQ Consensus.

Earnings this week : Nov 19 - 23, 18 (wk 47)

Earnings confirmed to report this week

Monday (Nov 19) 

• Morning: JD SPB
• Afternoon: A BECN BRKS GH INTU JACK KLIC LB NUAN PSTG URBN

Tuesday (Nov 20)

• Morning: ADI BBY BKS CPB DY HRL JEC KSS LOW MDT MMS NJR PDD ROST SFL TGT TJX
• Afternoon: ADSK BILI BJ CAL CPRT ESL FL GPS KEYS QADA SE

Wednesday (Nov 21)

• Morning: BZUN CMCM DAKT DE QD
• Afternoon: None

Thursday (Nov 22)

• Markets closed for Thanksgiving

Friday (Nov 23)

• None

=Hormel Foods (HRL) reported earnings on Tue 21 November 2017 (b/o)

AUSTIN, Minn. (AP) _ Hormel Foods Corp. (HRL) on Tuesday reported fiscal fourth-quarter profit of $218.2 million.

On a per-share basis, the Austin, Minnesota-based company said it had net income of 41 cents.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.49 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.39 billion.

For the year, the company reported profit of $846.7 million, or $1.57 per share. Revenue was reported as $9.17 billion.

Hormel expects full-year earnings to be $1.60 to $1.70 per share, with revenue in the range of $9.4 billion to $9.8 billion.

Hormel shares have declined 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 15 percent. The stock has fallen 6 percent in the last 12 months.

=Hormel Foods (HRL) reported earnings on Thur 24 August 2017 (b/o)

Hormel Foods misses by $0.03, misses on revs; lowers FY17 EPS below consensus

• Reports Q3 (Jul) earnings of $0.34 per share, $0.03 worse than the Capital IQ Consensus of $0.37; revenues fell 4.1% year/year to $2.21 bln vs the $2.24 bln Capital IQ Consensus.
• Co issues lowered guidance for FY17, sees EPS of $1.54-1.58 from $1.65-1.71 vs. $1.66 Capital IQ Consensus Estimate.
• Volume down 9 percent; Non-GAAP adjusted volume down 1 percent. Refrigerated Foods operating profit up 15 percent; volume down 16 percent; Non-GAAP adjusted volume down 1 percent; sales down 6 percent; Non-GAAP adjusted sales up 5 percent."We generated record pre-tax earnings this quarter even as we faced record-high input costs for two of our primary raw materials, pork bellies and beef trim...Nevertheless the results did not meet our expectations. Our team is working to mitigate the effects of volatile commodity markets through increased pricing, strategic promotional activity, and our on-going innovation efforts."
• "While we have communicated price increases in many categories, the increases will not be fully effective until late in the fourth quarter. Jennie-O Turkey Store continues to be adversely affected by unfavorable market conditions, as the industry has not returned to normalized turkey production levels. For these reasons, we are lowering our full year guidance to $1.54 - $1.58 per share from the low end of $1.65 to $1.71 per share. In the face of a challenging year, we are focused on our strategic initiatives and are committed to maintaining a long-term perspective on our decisions."

=Hormel Foods (HRL) reported earnings on Thur 25 May 2017 (b/o)

• Hormel misses Street 2Q forecasts

AUSTIN, Minn. (AP) _ Hormel Foods Corp. (HRL) on Thursday reported fiscal second-quarter net income of $210.9 million.

The Austin, Minnesota-based company said it had net income of 39 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.19 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $2.22 billion.

Hormel expects full-year earnings to be $1.65 to $1.71 per share.

Hormel shares have risen roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 7 percent. The stock has increased almost 2 percent in the last 12 months.

=Hormel Foods (HRL) reported earnings on Thur 23 Feb 17 (b/o)

Hormel Foods misses by $0.01, reports revs in-line; lowers FY17 EPS below consensus :

• Reports Q1 (Jan) earnings of $0.44 per share, $0.01 worse than the Capital IQ Consensus of $0.45; revenues fell 0.6% year/year to $2.28 bln vs the $2.28 bln Capital IQ Consensus. 
• Volume down 2%; Non-GAAP adjusted volume up 5%
  • Refrigerated Foods operating profit up 4%; volume down 3%; Non-GAAP1 adjusted volume flat; sales down 3%; Non-GAAP adjusted sales down 1% International & Other operating profit up 5%; volume down 1%; sales down 2% Grocery Products operating profit up 1%; volume up 4%; Non-GAAP adjusted volume up 2%; sales up 7%; Non-GAAP adjusted sales up 3% Specialty Foods operating profit flat; volume down 30%; Non-GAAP adjusted volume up 12%; sales down 19%; Non-GAAP adjusted sales up 10% Jennie-O Turkey Store operating profit down 25%; volume up 22%; sales up 13%
• Co issues downside guidance for FY17, lowers EPS to $1.65-1.71 from $1.68-1.74, excluding non-recurring items, vs. $1.71 Capital IQ Consensus due to challenging market conditions in the turkey industry.
• "The balanced model we have intentionally built in our business will allow us to overcome the challenges at Jennie-O Turkey Store. I remain confident in our team's ability to deliver sales and earnings growth by supporting our brands, innovating, and making strategic investments." 

Hormel Foods acquires Cidade do Sol for $104 mln
The co announced it has acquired Cidade do Sol, a growing, branded, value-added meats company in Brazil. The company offers more than 70 products in 15 categories including authentic meats such as mortadella, sausage and salami for Brazilian retail and foodservice markets under the popular Ceratti brand.

HRL — is it a buy?

• June 9:  Is HRL a buy?

• 2 weeks later:  NO

This week's biggest % winners & losers : May 16 - 20, 16 (wk 20)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare:ANAC (99.66 +55.65%),ONCE (50.84 +51.72%),MGNX (22.61 +30.02%),CHRS (19.5 +28.04%),CFMS (6.49 +26.76%),RPTP (5.2 +22.35%),SGYP (3.26 +22.1%),PBYI (31.95 +21.9%),ACAD (34.04 +21.1%),MCRB (28.9 +21.07%),CTLT (28.65 +20.13%),HRTX (19.47 +19.23%),AMPH (15.43 +18.88%),NVAX (5.24 +18.82%)
• Energy:IOC (43.57 +41.23%),LINE (0.16 +29.17%),GPRE (17.76 +20.49%),TEGP(25.75 +19.99%)
• Consumer Staples:ANDE (34.22 +30.11%)
• Telecommunication Services:SAAS (13.86 +45.28%)

This week's top 20 % losers

• Healthcare:GEN (1.65 -17.91%)
• Materials:ATI (11.23 -20.69%),TROX (4.48 -13.35%),SID (2.08 -12.97%),GGB (1.62 -12.43%)
• Consumer Discretionary:FRAN (10.56 -29.03%),RRGB (48.39 -21.23%),VIPS (10.49 -12.58%)
• Information Technology:CMCM (10.2 -28.42%),RENN (2.06 -17.6%),BITA (18.62 -13.15%),OCLR (4.37 -12.77%),ACXM (19.99 -12.52%)
• Financials:OCN (1.59 -20.9%)
• Energy:PWE (0.69 -15.86%),TNK (3.38 -14.43%),WFT (4.94 -12.41%)
• Consumer Staples:STKL (3.75 -15.73%), HRL (34.86 -12.63%)
• Utilities:CIG (1.52 -12.14%)

Hormel Foods (HRL) reported earnings on Wed 5/18/16 (b/o)

** charts before earnings **

** charts after earnings **

 

Hormel Foods beats by $0.01, reports revs in-line; raises FY16 EPS, in-line; acquires Justin's (nut butters)  :

• Reports Q2 (Apr) earnings of $0.40 per share, $0.01 better than the Capital IQ Consensus of $0.39; revenues rose 0.9% year/year to $2.3 bln vs the $2.31 bln Capital IQ Consensus; volume down 1%.
  • Grocery Products operating profit up 21%; volume down 1%; dollar sales up 1%.
  • Refrigerated Foods operating profit up 13%; volume up 3%; dollar sales up 7%.
  • Jennie-O Turkey Store operating profit up 20%; volume down 5%; dollar sales down 4%.
  • Specialty Foods operating profit up 74%; volume down 2%; dollar sales down 5%.
  • International & Other operating profit down 33%; volume down 13%; dollar sales down 17%.
• Co issues in-line guidance for FY16, raises EPS to $1.56-1.60 from $1.50-1.56 vs. $1.58 Capital IQ Consensus, based on strong second quarter results and continued expectations for growth in the back half of the year.
• "Today we announced that we have entered into a definitive agreement to acquire Justin's, LLC, owner of the JUSTIN'S brand and a pioneer in nut butter-based snacking" Terms not disclosed.