Hormel Foods Corp.

NYSE:HRL   3:59:59 PM EDT
46.76
+0.20 (+0.43%)
Other Pre-Announcement

Hormel Foods Reports Record Q4 Sales And Earnings With Double-Digit Sales Growth From Every Segment

Published: 12/09/2021 11:42 GMT
Hormel Foods Corp. (HRL) - Hormel Foods Reports Record Fourth Quarter Sales and Earnings With Double-digit Sales Growth From Every Segment.
Qtrly Net Sales of $3.5 Billion, Up 43%.
Qtrly Diluted Earnings per Share of $0.51.
Expect All Four Segments to Deliver Sales and Earnings Growth in FY22.
Qtrly Operating Margin of 10.4% Compared to 11.4% Last Year.
Expects to Close Benson Avenue Facility, Located in Willmar, Minn.
, in First Half of Fiscal 2022.
Have Signed a New Five-year Raw Material Supply Agreement With Our Supplier in Fremont, Neb.
Sees 2022 Diluted Earnings per Share Guidance $1.87 - $2.03.
Sees 2022 Net Sales Guidance (in Billions) $11.7 Billion - $12.5 Billion.
Hormel Foods - New Material Supply Agreement Will Result in a Reduced Supply of Commodity Fresh Pork.company Expects a $350 Million Sales Reduction in Fiscal 2022.
Q4 Earnings per Share View $0.50, Revenue View $3.22 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $1.93, Revenue View $11.97 Billion -- Refinitiv Ibes Data (analyst estimates).