$HRL (Hormel Foods Corporation)

$HRL {{ '2015-08-19T12:22:37+0000' | timeago}} • Announcement

$HRL 3Q15 PR: Net sales for the quarter were $2188.57MM, down 4% compared to $2284.95MM in 3Q14. Sales volume were up 3%. On a GAAP basis, net earnings were $146.93MM, up 6% from net earnings of $138MM a year earlier. Excluding Applegate transaction costs, non-GAAP net earnings were $152.5MM, up 11% from a year earlier.

$HRL {{ '2017-11-28T11:55:23+0000' | timeago}} • Announcement

Food company $HRL has acquired Columbus Manufacturing, a meat and salami company, from Arbor Investments for about $850MM. The transaction is expected to be modestly accretive to Hormel’s earnings per share in fiscal 2018. The company, meanwhile, raised its fiscal 2018 sales guidance to $9.7-$10.1Bil, and earnings per share outlook to $1.62-$1.72.

$HRL {{ '2017-11-22T19:12:41+0000' | timeago}} • Webcast

$HRL said e-commerce is still a very small piece of its business. The company made some strategic investments in 2017, creating its digital investment group. $HRL is focusing its efforts around both digital marketing and e-commerce and believes it is on the right track.

$HRL {{ '2017-11-22T19:12:26+0000' | timeago}} • Webcast

$HRL's CapEx for 4Q17 totaled $103MM compared to $90MM last year. The company expects CapEx to be approx. $425MM in 2018. The higher level of capital is driven by the investment into additional capacity for high-margin products and projects to improve manufacturing efficiencies.

$HRL {{ '2017-11-22T19:12:07+0000' | timeago}} • Webcast

$HRL's volume for 4Q17 was 1.3Bil pounds, a 10% decrease compared to last year. Organic volume increased 2%. Organic net sales increased 5%. Operating margins were 13.2%, a 70BP decrease compared to last year.

$HRL {{ '2017-11-22T12:30:55+0000' | timeago}} • Infographic

$HRL Hormel Foods Corp. Earnings AlphaGraphic: Q4 2017 Highlights

$HRL {{ '2017-11-21T20:47:01+0000' | timeago}} • Announcement

$HRL has named Glenn Leitch as EVP of Supply Chain. The company also announced that Steve Lykken has been named SVP, Hormel Foods and President, Jennie-O Turkey Store. Leitch is currently Group Vice President, Hormel Foods and President, Jennie-O Turkey Store while Lykken was most recently President of Applegate, a Hormel Foods company.

$HRL {{ '2017-11-21T12:54:55+0000' | timeago}} • Announcement

$HRL expects refrigerated foods, grocery products, and international to drive growth in FY18. Net sales is expected to be $9.40-9.80Bil, generating $1.60-1.70 in diluted EPS.

$HRL {{ '2017-11-21T12:43:18+0000' | timeago}} • Announcement

With total net sales slumping 5.1% to $2.49Bil, $HRL slipped 11% to $218MM or $0.41 per diluted share in 4Q17.

$HRL {{ '2017-09-27T14:17:34+0000' | timeago}} • Announcement

$HRL, a branded food company, said Jeffrey Ettinger will retire as Chairman of the Board. Jim Snee, CEO and President of Hormel Foods, will assume the post of Chairman of the Board on November 20, 2017. Snee Became the CEO in October 2016, after serving the company as President and COO since October 2015.

$HRL {{ '2017-08-24T19:01:44+0000' | timeago}} • Webcast

$HRL's Jennie-O Turkey store is under pressure due to low Turkey markets aand increased competition and expense. During 3Q17, the segment reported 20% drop in its earnings, while sales and volume dropped 9% and 7% respectively. This decrease was due to lower production levels.

$HRL {{ '2017-08-24T18:52:48+0000' | timeago}} • Webcast

$HRL does not plant to operate the newly acquired company,Fontanini Italian Meats and Sausages as an independent subsidiary, but plans to integrate it into Refrigerated Foods operations groups and the sales force into the foodservice division.

$HRL {{ '2017-08-24T18:10:58+0000' | timeago}} • Infographic

$HRL Hormel Foods Earnings AlphaGraph: Q3 2017 Highlights.

$HRL {{ '2017-08-24T11:46:30+0000' | timeago}} • Announcement

$HRL said it acquired Cidade do Sol, a value-added meats company in Brazil. The acquired company offers over 70 products under the brand name Ceratti. The purchase price was approx. $104MM. This acquisition marks the company's first entry into South America.

$HRL {{ '2017-08-24T11:34:20+0000' | timeago}} • Announcement

$HRL slashed its outlook for FY17, due to high commodity price volatility. The company cut its earnings guidance to the range of $1.54-1.58 per share from the low end of $1.65-1.71 per share.

$HRL {{ '2017-08-24T11:28:43+0000' | timeago}} • Announcement

Food and meat products manufacturer $HRL reported a drop in its 3Q17 earnings to $182.5MM, or $0.34 per share, from $195.6MM, or $0.36 per share during 3Q16. The results reflect the divestiture of the Diamond Crystal Brands business and the Farmer John business. Revenues fell 4.1% YoY to $2.21Bil. Volume was down 9%.

$HRL {{ '2017-08-18T19:03:28+0000' | timeago}} • Announcement

Branded food company $HRL has appointed Lisa Selk as CEO of its sports nutrition subsidiary CytoSport. Previously, Selk worked as Marketing Director for a portfolio of brands at Hormel Foods. She joined the company in 1998 as a food scientist in the research and development department, and later held various leadership roles.

$HRL {{ '2017-08-17T16:04:56+0000' | timeago}} • Announcement

$HRL acquired Fontanini Italian Meats and Sausages, a branded foodservice business, from Capitol Wholesale Meats Inc. Fontanini will continue operations out of their facility in the Chicago metropolitan area and will report into the Refrigerated Foods segment. The transaction was structured as an asset sale with a purchase price of $425MM.

$HRL {{ '2017-05-25T13:33:22+0000' | timeago}} • Webcast

$HRL's CapEx for 2Q17 totaled $39MM compared to $66MM a year ago. The company expects CapEx to be approx. $190MM in FY17. $HRL does not expect material changes in prices until the industry starts to cut back production. This price assumption is based on current inventory and production levels.

$HRL {{ '2017-05-25T13:23:01+0000' | timeago}} • Webcast

$HRL said that for 2Q17, three of the company's five segments reported earnings growth. Refrigerated Foods, International and Grocery Products grew earnings, while Specialty Products earnings were down 16%. For 2H17, $HRL expects percentage decline in earnings for Jennie-O Turkey Store to be in the high teen.

$HRL {{ '2017-05-25T10:54:45+0000' | timeago}} • Announcement

$HRL maintained its FY17 EPS guidance of $1.65-1.71, but expects the results at Jennie-O Turkey Store to push its full-year earnings toward the lower end of this range. The company expects the pressure on Jennie-O Turkey Store to continue for the remainder of the year given the oversupply in the turkey industry.

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