Hormel Foods

Hormel Foods misses by $0.08, misses on revenue

Hormel Foods (NYSE:HRL): Q4 Non-GAAP EPS of $0.41 misses by $0.08; GAAP EPS of $0.48 misses by $0.04.
Revenue of $2.52B (+1.2% Y/Y) misses by $50M.

Da wird es wohl heute runter gehen - ist bisher einer meiner am besten
gelaufenen Werte dieses Jahr.

Haben aber gestern auch erst eine 12 %ige Divierhöhung bekannt gegeben !

Hormel Foods Matches Earnings Forecast but Revenue Misses

Hormel Foods blames tax reform changes for a decline in fiscal first-quarter earnings.

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The owner of brands like Spam and Skippy posted per-share earnings of 44 cents a hare, matching the FactSet consensus of analysts. Net income was $241.4 million. A year earlier, Hormel reported EPS of 56 cents on earnings of $303.1 million.

The company said tax reform benefits in the prior year was a reason for earnings decline in the latest first quarter. The company's effective tax rate in 2018 was 21.3% vs. to 0.6% in 2017.

Despite first-quarter sales rising to $2.36 billion from $2.33 billion the prior year, revenue slightly missed the FactSet consensus of $2.39 billion.

Sales from refrigerated products increased to $1.28 billion but missed estimates of $1.29 billion while sales of grocery products also missed estimates, coming in at $606 million.

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https://www.thestreet.com/investing/stoc...yptr=yahoo

Spannende Situation heute!

HORMEL (HRL) legte Zahlen vor:

beat guidance
missed revenue by a tiny, tiny bit
FY 2019 guidance down due to world prices of meat

Bei Eröffnung MINUS 5,5%, dann flugs gen Norden und nun plus 0,7%.

Ich war drauf und dran nachzulegen, aber ach, die Vernunft siegte am Markt 

Hormel Foods' (HRL) Q3 Earnings & Revenues Beat, Down Y/Y

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Quarter in Detail

Quarterly earnings of 37 cents per share came ahead of the Zacks Consensus Estimate of 35 cents. However, the bottom line fell nearly 5% year over year due to the increased effective tax rate.


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Net sales came in at $2,290.7 million, which surpassed the Zacks Consensus Estimate of $2,285 million. However, the top line descended about 3% year over year due to weak Grocery unit performance. Also, organic sales were flat year over year.

Hormel Foods witnessed a 4% drop in volumes, due to soft volumes across most segments.


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https://finance.yahoo.com/news/hormel-fo...01939.html