Cfgramos
2021-09-02
It’s okay, I still love SPAM! 😆
Hormel Foods Shares Slide After Mixed Q3 Results
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Organic net sales improved 14%.</li>\n <li>Net sales improved 25% compared to 2019 pre-pandemic levels.</li>\n <li>The U.S. retail sales rose 9% Y/Y, U.S. Foodservice increased 45%, U.S. Deli climbed 12%, and International sales gained 36%.</li>\n <li>The gross profit rose 0.2% Y/Y to $423.35 million with a gross margin of 14.8%.</li>\n <li>The operating margin was 7.2%, and operating income for the quarter fell 17% to $207.5 million.</li>\n <li>The company held $291.4 million in cash and equivalents as of July 25, 2021.</li>\n <li>Net cash provided by operating activities totaled $76.5 million.</li>\n <li>Adjusted EPS of $0.39 missed the analyst consensus of $0.40.</li>\n <li>\"We saw significant inflationary pressure in almost all areas of our business, including raw materials, packaging, freight, labor and many other inputs during the quarter,\" said chairman, president, and CEO Jim Snee.</li>\n <li><b>Outlook</b>: Hormel currently sees FY21 EPS of $1.65 - $1.69 versus the consensus of $1.71.</li>\n <li>The company expects FY21 sales of $11 billion - $11.2 billion versus the consensus of $10.89 billion.</li>\n <li>The company's full-year guidance reflects the full impact of the acquisition of the Planters snack nuts business.</li>\n <li><b>Price Action:</b> HRL shares are trading lower by 3.77% at $43.95 on the last check Thursday.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hormel Foods Shares Slide After Mixed Q3 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHormel Foods Shares Slide After Mixed Q3 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-02 22:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li><b>Hormel Foods Corp</b> (NYSE:HRL) reported third-quarter FY21 sales growth of 20.2% year-on-year, to $2.86 billion, beating the analyst consensus of $2.65 billion. Organic net sales improved 14%.</li>\n <li>Net sales improved 25% compared to 2019 pre-pandemic levels.</li>\n <li>The U.S. retail sales rose 9% Y/Y, U.S. Foodservice increased 45%, U.S. Deli climbed 12%, and International sales gained 36%.</li>\n <li>The gross profit rose 0.2% Y/Y to $423.35 million with a gross margin of 14.8%.</li>\n <li>The operating margin was 7.2%, and operating income for the quarter fell 17% to $207.5 million.</li>\n <li>The company held $291.4 million in cash and equivalents as of July 25, 2021.</li>\n <li>Net cash provided by operating activities totaled $76.5 million.</li>\n <li>Adjusted EPS of $0.39 missed the analyst consensus of $0.40.</li>\n <li>\"We saw significant inflationary pressure in almost all areas of our business, including raw materials, packaging, freight, labor and many other inputs during the quarter,\" said chairman, president, and CEO Jim Snee.</li>\n <li><b>Outlook</b>: Hormel currently sees FY21 EPS of $1.65 - $1.69 versus the consensus of $1.71.</li>\n <li>The company expects FY21 sales of $11 billion - $11.2 billion versus the consensus of $10.89 billion.</li>\n <li>The company's full-year guidance reflects the full impact of the acquisition of the Planters snack nuts business.</li>\n <li><b>Price Action:</b> HRL shares are trading lower by 3.77% at $43.95 on the last check Thursday.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRL":"荷美尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164982853","content_text":"Hormel Foods Corp (NYSE:HRL) reported third-quarter FY21 sales growth of 20.2% year-on-year, to $2.86 billion, beating the analyst consensus of $2.65 billion. Organic net sales improved 14%.\nNet sales improved 25% compared to 2019 pre-pandemic levels.\nThe U.S. retail sales rose 9% Y/Y, U.S. Foodservice increased 45%, U.S. Deli climbed 12%, and International sales gained 36%.\nThe gross profit rose 0.2% Y/Y to $423.35 million with a gross margin of 14.8%.\nThe operating margin was 7.2%, and operating income for the quarter fell 17% to $207.5 million.\nThe company held $291.4 million in cash and equivalents as of July 25, 2021.\nNet cash provided by operating activities totaled $76.5 million.\nAdjusted EPS of $0.39 missed the analyst consensus of $0.40.\n\"We saw significant inflationary pressure in almost all areas of our business, including raw materials, packaging, freight, labor and many other inputs during the quarter,\" said chairman, president, and CEO Jim Snee.\nOutlook: Hormel currently sees FY21 EPS of $1.65 - $1.69 versus the consensus of $1.71.\nThe company expects FY21 sales of $11 billion - $11.2 billion versus the consensus of $10.89 billion.\nThe company's full-year guidance reflects the full impact of the acquisition of the Planters snack nuts business.\nPrice Action: HRL shares are trading lower by 3.77% at $43.95 on the last check Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":26,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/812529726"}
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