Hormel Foods Q1 revenue: higher organic sales advantages, lost EPS, FY25 Outlook Intact and More – Hormel Foods (NYSE: HRL)

Hormel Foods Corporation hrl Stocks traded higher at the previous market meeting Thursday.

The company reported adjusted earnings per share of 35 cents in the third quarter, missing a 38 cents streetscape. $2.99 ​​billion in quarterly sales exceeded analyst consensus estimates of $2.93 billion. Net sales fell 0.2% year-on-year, while organic sales rose 1%.

In the review, the adjusted operating margin was signed from 9.8% to 8.5%. Gross profit in the quarter fell to $475.23 million from $508.733 million a year ago.

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“In retail, flagship and emerging brands such as spam, Applegate, Hormel Black Label and Jennie-O have grown in volume while gaining share in their respective categories.” Jim SneePresident and CEO.

“We are happy with the important, sequential market recovery of the seeder business delivered in the first quarter and expect the brand to continue to improve. However, as expected, in the first quarter we continued to recover from the interruption in the snack nut supply and beat the full year of the full bird turkey market compression, which gave the first quarter.”

Hormel Foods exited with cash and equivalent value of $866.4 million, while long-term debt (currently lower maturity) was slightly signed to $2.85 billion.

prospect: Hormel Foods reiterated its revenue outlook for fiscal 25 to be between $11.9 billion and $12.2 billion, compared with an estimated $12.08 billion. The company expects adjusted EPS to range from $1.58 to $1.72, compared with an estimated $1.64.

Price action: HRL stock rose 1.01% to $29.02 on its last check on Thursday.

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