HRL - Hormel Foods: The Reasons We Are Not Starting A Position

2024-06-11 08:35:18 ET

Summary

• Hormel Foods Corporation released quarterly results, financial performance analysis, and near-/mid-term expectations.
• Stock price underperformed market, driven by declining volumes, net sales, operating income, and EPS.
• Retail segment struggles, Foodservice segment performs well, International segment shows decline. Limited upside potential.
• Maintaining "hold" rating.

Hormel Foods Corporation ( HRL ) develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The firm has released its latest quarterly results on the 30 ^th of May, and for this reason, the aim of our article today is to give an updated view on the business, its financial performance and our expectations about the near/mid term....

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