Hormel Foods Corporation has agreed to sell its whole-bird turkey business to Life-Science Innovations in a strategic effort to enhance profitability. The company posted solid fiscal first-quarter results, with revenues of $3.03 billion and adjusted earnings per share of $0.34, marking its fifth consecutive quarter of organic net sales growth. Hormel reaffirmed its full-year guidance, forecasting organic sales growth of 1-4% amidst retail sector challenges.
“Hormel Foods Corporation · traded at · share price · $24.82”
“Hormel Foods · is classified as · Zacks Rank #3”
“Hormel Foods Corp. · offers a dividend of · 4.95% · reliable”
“Hormel · has · yield · 4.8%”
“Hormel · is a · Dividend King · true”
“Hormel Foods (HRL) · has · market cap · $13.65 billion”
“Hormel Foods (HRL) · is known for · SPAM brand · true”
“Hormel Foods (HRL) · has · gross margin · 16.2%”
“Hormel Foods (HRL) · has · annual earnings per share decline · 8.8%”
“Hormel · has · dividend yield · 4.8%”
“Hormel · is · Dividend King · over 50 years' worth of annual dividend increases”
“Hormel · has · a yield of nearly 4.8%”
