Hormel Foods Corporation (HRL), headquartered in Austin, Minnesota, develops, processes, and distributes various meats, nuts, and other food products to retail, foodservice, deli, and commercial customers. Valued at $17.55 billion by market cap, the company’s brands include Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Justin’s, Wholly, Hormel Black Label, Columbus, Jennie-O, and more than 30 other brands. The leading food company is expected to announce its fiscal third-quarter earnings for 2024 on Thursday, Aug. 29.
Ahead of the event, analysts expect HRL to report a profit of $0.36 per share on a diluted basis, down 10% from $0.40 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two other occasions.
