Hormel Foods Quarterly Results Preview

Profit Expectations

Hormel Foods is set to reveal its fiscal first-quarter results, with analysts forecasting a profit of $187 million, a decrease from $218 million in the previous year.

Earnings Projection

Adjusted earnings are anticipated to be 34 cents per share, excluding one-time items, according to the consensus estimate of analysts.

Sales Forecast

Analysts predict a decline in quarterly sales to $2.91 billion from $2.97 billion the previous year.

Stock Performance

The stock has experienced a 3.3% decrease and is currently trading at $30.79.

Key Points to Monitor

Volume Growth Challenges

Hormel has faced obstacles in volume growth due to demand issues within specific segments of its portfolio, according to JPMorgan analysts. They believe that achieving significant earnings growth may be challenging amid ongoing demand limitations and low turkey prices.

Comparison to Competitors

J.M. Smucker recently reported a decrease in profit but an increase in sales, driven by volume and product mix improvements as well as price hikes. Investors will be watching to see if these trends impact Hormel's performance.

For more insights on Hormel Foods' first-quarter results, stay tuned.