Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, bacons, sausages, hams, and guacamoles; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI’S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN’S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST ‘N EASY, FIRE BRAISED, FONTANINI, HERDEZ, HORMEL GATHERINGS, HOUSE OF TSANG, JENNIE-O, JUSTIN’S, LA VICTORIA, LAYOUT, LLOYD’S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER’S SMOKEHOUSE, SKIPPY, SPAM, SQUARE TABLE, SPECIAL RECIPE, VALLEY FRESH, and WHOLLY brands through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
Financial Resilience | Hormel Foods shows adaptability with adjusted EPS estimates for FY24 at $1.61, demonstrating growth potential despite market challenges |
Operational Efficiency | Delve into Hormel's ambitious $250 million operating profit improvement target by FY26, driven by supply chain enhancements and productivity initiatives |
Market Dynamics | Explore how falling feed costs and potential turkey price increases could reshape Hormel's profitability across various segments |
Analyst Perspectives | Average price target ranges from $35-$37, reflecting cautious optimism about Hormel's ability to navigate industry headwinds and capitalize on opportunities |
Metrics to compare | HRL | Sector Sector - Average of metrics from a broad group of related Consumer Non-Cyclicals sector companies | Relationship RelationshipHRLPeersSector | |
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P/E Ratio | 22.1x | 11.8x | 11.4x | |
PEG Ratio | 17.17 | 0.53 | 0.03 | |
Price/Book | 2.2x | 1.7x | 1.5x | |
Price / LTM Sales | 1.5x | 1.1x | 0.9x | |
Upside (Analyst Target) | −0.7% | 13.1% | 17.5% | |
Fair Value Upside | Unlock | 6.1% | 8.0% | Unlock |