Hormel Foods is a reputable food processing company known for producing a diverse range of products including meats, savory snacks, and refrigerated foods
The company is recognized for its commitment to quality and innovation, offering famous brands that cater to various consumer preferences and dietary needs. Hormel Foods not only focuses on manufacturing a wide array of products such as deli meats, bacon, and chili, but it also prioritizes sustainability and responsible sourcing in its operations. Through its extensive distribution networks, the company serves both retail and food service sectors, making it a key player in the global food industry.
The Dow Jones Industrial Average is up a whopping 547 points this afternoon, while the Nasdaq Composite is sporting a triple-digit midday lead of its own.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including Hormel Foods (NYSE:HRL) and its peers.
Packaged foods company Hormel (NYSE:HRL) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $2.99 billion. The company expects the full year’s revenue to be around $12.05 billion, close to analysts’ estimates. Its non-GAAP profit of $0.35 per share was 8% below analysts’ consensus estimates.
Kraft-Heinz stock hit bottom in early 2025 as institutional activity ramped to a multi-year high, netting 1% of the market cap in the first two months.
