With a market cap of $17.3 billion, Hormel Foods Corporation (HRL) is a leading global manufacturer and marketer of meat and food products. With iconic brands like SKIPPY™, SPAM™, Hormel™, and Planters™, the company offers a wide range of perishable and shelf-stable products across retail, food service, and international markets. The Austin, Minnesota-based company is expected to announce its fiscal Q1 2025 earnings results on Thursday, Mar. 6.
Ahead of this event, analysts expect the branded food company to report a profit of $0.39 per share, down 4.9% from $0.41 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In the last reported quarter, HRL missed the consensus EPS estimate by 2.3%.
