Hormel Foods Corporation (HRL), based in Austin, Minnesota, specializes in developing, processing, and distributing a wide range of meats, nuts, and other food products to retail, foodservice, deli, and commercial customers. With a market cap of $17 billion, Hormel’s portfolio includes well-known brands such as Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Justin’s, Wholly, Hormel Black Label, Columbus, and Jennie-O, alongside more than 30 other brands. The leading food company is expected to announce its fiscal fourth-quarter earnings for 2024 on Wednesday, Dec. 4.
Ahead of the event, analysts expect HRL to report a profit of $0.43 per share on a diluted basis, up 2.4% from $0.42 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on another occasion. Its EPS of $0.37 surpassed the consensus estimate by 2.8%.
