Hrl stock price – hormel foods corp. stock quote (u.s. nyse) – marketwatch constant heartburn and burping

Shares of Hormel Foods Corp. fell 0.6% in premarket trade Thursday, after the foods company, which brands include Skippy, Spam and Natural Choice, reported fiscal second-quarter results that fell a bit shy of forecasts. Net income for the quarter to April 29 rose to $237.4 million, or 44 cents a share, from $210.9 million, or 39 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 45 cents. Revenue increased to $2.33 billion from $2.19 billion, but missed the FactSet consensus of $2.37 billion. Among Hormel’s segments, grocery products sales fell 1.4% to $631.6 million but beat the FactSet consensus of $568.8 million, while refrigerated foods sales rose 13.6% to $1.17 billion to miss expectations of $1.25 billion. Jennie-O Turkey Store sales fell 4.2% to $371.9 million, just shy of the FactSet consensus of $376.6 million.


The company affirmed its fiscal 2018 EPS outlook of $1.81 to $1.95 and its revenue guidance of $9.70 billion to $10.10 billion. The stock has rallied 9.7% over the past three months through Wednesday, while the SP 500 had slipped 0.5%.

Hormel Foods Corp. engages in the production of meat and food products. It operates business through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers. The Jennie-O Turkey Store segment include fresh ground turkey, rotisserie deli turkey products, nacho platters, turkey bacon, turkey burgers and other turkey products to consumers and foodservice operators. The Specialty Foods segment includes Omega-3 fish oils, stocks and broths, pasteurized processed cheeses and imitation blends, milk and whey proteins, dry milk powders, caseinates and isolates, meat ingredients, gelatin desserts, puddings, drinks, seasoning oils, sauces, and specialty fats. The International Other segment includes the Hormel Foods International operating segment, which manufactures, markets, and sells company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Shares of Hormel Foods Corp. fell 0.6% in premarket trade Thursday, after the foods company, which brands include Skippy, Spam and Natural Choice, reported fiscal second-quarter results that fell a bit shy of forecasts. Net income for the quarter to April 29 rose to $237.4 million, or 44 cents a share, from $210.9 million, or 39 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 45 cents. Revenue increased to $2.33 billion from $2.19 billion, but missed the FactSet consensus of $2.37 billion. Among Hormel’s segments, grocery products sales fell 1.4% to $631.6 million but beat the FactSet consensus of $568.8 million, while refrigerated foods sales rose 13.6% to $1.17 billion to miss expectations of $1.25 billion. Jennie-O Turkey Store sales fell 4.2% to $371.9 million, just shy of the FactSet consensus of $376.6 million. The company affirmed its fiscal 2018 EPS outlook of $1.81 to $1.95 and its revenue guidance of $9.70 billion to $10.10 billion. The stock has rallied 9.7% over the past three months through Wednesday, while the SP 500 had slipped 0.5%.

Hormel Foods Corp. engages in the production of meat and food products. It operates business through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers. The Jennie-O Turkey Store segment include fresh ground turkey, rotisserie deli turkey products, nacho platters, turkey bacon, turkey burgers and other turkey products to consumers and foodservice operators. The Specialty Foods segment includes Omega-3 fish oils, stocks and broths, pasteurized processed cheeses and imitation blends, milk and whey proteins, dry milk powders, caseinates and isolates, meat ingredients, gelatin desserts, puddings, drinks, seasoning oils, sauces, and specialty fats. The International Other segment includes the Hormel Foods International operating segment, which manufactures, markets, and sells company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.