Latest news with #Planters
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Hormel Foods Trims Guidance, Citing Tariff Impact
Hormel Foods HRL -1.22%decrease; red down pointing triangle trimmed its earnings outlook for the year, which factors in the impact of tariffs and ongoing momentum of brands such as Planters peanuts and its turkey product. The Austin, Minn.-based food company on Thursday lowered the top end of its per-share earnings guidance by a few cents for the year, and said that tariffs could dent the top line by 1 cent to 2 cents a share in the back half of the year.
Yahoo
07-05-2025
- Business
- Yahoo
Hormel Foods (NYSE:HRL) Launches New CORN NUTS Partially Popped Flavors At Select Stores
Hormel Foods has expanded its product lineup through the introduction of CORN NUTS™ Partially Popped corn kernel flavors, catering to evolving snack preferences with innovative options like White Cheddar and Movie Theater Butter. Despite this push in product diversification and continuous efforts in maintaining shareholder value through steady dividend affirmations, the company experienced a flat share price performance over the last quarter, aligning with broader market trends. Additionally, the larger market narrative revolving around Federal Reserve interest rate decisions and ongoing U.S.-China tariff discussions likely exerted balancing forces across various stocks, including HRL. Buy, Hold or Sell Hormel Foods? View our complete analysis and fair value estimate and you decide. NYSE:HRL Earnings Per Share Growth as at May 2025 Uncover 16 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The introduction of new CORN NUTS™ flavors represents Hormel Foods' ongoing commitment to product innovation aimed at capturing shifting snack preferences. By diversifying its offerings, Hormel aims to bolster revenue streams, which could support revenue growth forecasts. Despite these efforts, Hormel shares have shown a 14.29% decline in total returns over the past year, illustrating challenges in maintaining shareholder value amid market uncertainties. Relative to the US market, Hormel underperformed, as the broader market managed a 7.2% increase during the same period. Looking forward, the company's expansion efforts in areas like the international segment and the recovery of the Planters brand could significantly impact revenue and earnings forecasts. Analysts anticipate moderate revenue growth of 2.6% annually over the next three years, with profit margin improvements. The company's share price, currently at US$29.61, remains below the consensus analyst price target of US$32.02. This suggests that, according to analyst expectations, the company's initiatives and market positioning could see less immediate impact on share price despite projected earnings growth. Gain insights into Hormel Foods' future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
27-02-2025
- Business
- Yahoo
Hormel Foods misses quarterly profit estimates on higher input costs
(Reuters) - Skippy peanut butter maker Hormel Foods on Thursday missed first-quarter profit estimates, hurt by higher input costs and the persistent effects of a supply issue at its Planters brand's distribution facility from last year. Hormel Foods, which sells snacking and packaged meat products, has also taken a hit due to lower whole turkey prices and increased advertising expenses. The company has been struggling to boost demand for its turkey products as consumers preferred affordable meat alternatives such as beef and chicken amid high inflation. Meanwhile, demand for certain packaged products suffered as the company kept the prices elevated to protect its margins from inflated input costs. Hormel's Planters nut brand faced a supply disruption at its Suffolk, Virginia-based distribution facility due to an unspecified food safety issue last April, which continued to impact the company's margins in the first quarter. "As anticipated, the first quarter was pressured as we continued to recover from the snack nuts supply disruption and lapped a full year of whole bird turkey market compression," CEO Jim Snee said. The company's selling, general and administrative costs rose about 7% to $475.232 million in the quarter ended January 26 from a year ago. Hormel earned 35 cents per share on an adjusted basis in the first quarter, missing analysts' average estimate of 38 cents, according to data compiled by LSEG. Its first-quarter sales came in at $2.99 billion, compared with estimates of $2.94 billion. The company reaffirmed its full-year adjusted earnings forecast of $1.58 to $1.72 per share. It expects its annual net sales to be between $11.9 billion and $12.2 billion, as previously projected. In contrast, larger peer Tyson Foods earlier this month raised its annual sales forecast on the back of strong demand for its beef and chicken products.
Reuters
27-02-2025
- Business
- Reuters
Hormel Foods misses quarterly profit estimates on higher input costs
Feb 27 (Reuters) - Skippy peanut butter maker Hormel Foods (HRL.N), opens new tab on Thursday missed first-quarter profit estimates, hurt by higher input costs and the persistent effects of a supply issue at its Planters brand's distribution facility from last year. Hormel Foods, which sells snacking and packaged meat products, has also taken a hit due to lower whole turkey prices and increased advertising expenses. The company has been struggling to boost demand for its turkey products as consumers preferred affordable meat alternatives such as beef and chicken amid high inflation. Meanwhile, demand for certain packaged products suffered as the company kept the prices elevated to protect its margins from inflated input costs. Hormel's Planters nut brand faced a supply disruption at its Suffolk, Virginia-based distribution facility due to an unspecified food safety issue last April, which continued to impact the company's margins in the first quarter. "As anticipated, the first quarter was pressured as we continued to recover from the snack nuts supply disruption and lapped a full year of whole bird turkey market compression," CEO Jim Snee said. The company's selling, general and administrative costs rose about 7% to $475.232 million in the quarter ended January 26 from a year ago. Hormel earned 35 cents per share on an adjusted basis in the first quarter, missing analysts' average estimate of 38 cents, according to data compiled by LSEG. Its first-quarter sales came in at $2.99 billion, compared with estimates of $2.94 billion. The company reaffirmed its full-year adjusted earnings forecast of $1.58 to $1.72 per share. It expects its annual net sales to be between $11.9 billion and $12.2 billion, as previously projected. In contrast, larger peer Tyson Foods (TSN.N), opens new tab earlier this month raised, opens new tab its annual sales forecast on the back of strong demand for its beef and chicken products.
