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. Read More
Consumer Staples stocks like McCormick (NYSE: MKC) and General Mills (NYSE: GIS) have historically outperformed the S&P 500 during recessions. BofA Securities analysts say earnings per share, not sales growth, drive stock performance. Limited tariff exposure could also boost sector appeal.
The S&P 500 is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability.
But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
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.
Genius Gourmet®, the fast-growing creator of “Deliciously Smart Protein Snacks®”, today announced at Expo West, America’s leading trade show in the natural, organic and lifestyle industry, a partnership with the makers of SKIPPY® peanut butter. They also launched their first protein bar bringing the flavor inspiration of SKIPPY® brand’s iconic peanut butter: the Genius Gourmet® SKIPPY® Inspired Protein Nut Roll with 0 grams of added sugar.
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.
