The earnings call presented a balanced view with notable achievements in record cash flow and successful initiatives, but also highlighted significant operational challenges and market pressures, such as storm damages and ongoing issues in turkey markets.

Company Guidance

During the Hormel Foods Corporation Q4 2024 earnings call, the company provided robust guidance for fiscal year 2025, focusing on several key metrics. The company anticipates net sales to range between $11.9 billion and $12.2 billion, reflecting organic net sales growth of 1% to 3%. They project operating income benefits from their transform and modernize initiative to increase by $100 million to $150 million compared to 2024, in addition to the $75 million achieved in the past year. Hormel expects adjusted diluted earnings per share to be between $1.58 and $1.72. The company plans significant investments, including a double-digit percentage increase in advertising expenditures and $275 million to $300 million in capital projects. They also forecasted segment-specific growth, with retail and international segments expecting volume and net sales increases, and the foodservice segment anticipating mid-single-digit growth, adjusted for recent divestitures. Additionally, Hormel reiterated a commitment to returning value to shareholders, highlighting a planned 3% increase in the annual dividend to $1.16 per share for fiscal 2025.

Record Operating Cash Flow

Hormel Foods delivered a record operating cash flow of $1.3 billion for fiscal 2024, marking a significant achievement enabled by the strength of their portfolio and disciplined operation.

Transform and Modernize Initiative Success

The initiative delivered $75 million in operating income benefits in its first year, with expectations of $100 million to $150 million in benefits for fiscal 2025.

Dividend Growth

The company returned a record $615 million to shareholders in dividends and announced a 3% increase for fiscal 2025, marking the 59th consecutive year of dividend growth.

Retail and Foodservice Segment Growth

The Retail segment leveraged strong brands for growth, while the Foodservice segment grew net sales by 6%, outperforming industry growth.

International Segment Recovery

Hormel saw a strong recovery in their International segment, with growth in branded exports and investments in the Philippines and Indonesia.

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Hormel Foods (HRL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2025	2025 (Q1)	0.39 / -	0.41	―	―	―
Dec 04, 2024	2024 (Q4)	0.42 / 0.42	0.42	0.00% (0.00)
Sep 04, 2024	2024 (Q3)	0.36 / 0.37	0.4	-7.50% (-0.03)
May 30, 2024	2024 (Q2)	0.36 / 0.38	0.4	-5.00% (-0.02)
Feb 29, 2024	2024 (Q1)	0.34 / 0.41	0.4	2.50% (<+0.01)
Nov 29, 2023	2023 (Q4)	0.44 / 0.42	0.51	-17.65% (-0.09)
Aug 31, 2023	2023 (Q3)	0.41 / 0.40	0.4	0.00% (0.00)
Jun 01, 2023	2023 (Q2)	0.39 / 0.40	0.48	-16.67% (-0.08)
Mar 02, 2023	2023 (Q1)	0.45 / 0.40	0.44	-9.09% (-0.04)
Nov 30, 2022	2022 (Q4)	0.50 / 0.51	0.51	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 04, 2024	$31.82	$31.99	+0.53%
Sep 04, 2024	$32.84	$30.73	-6.43%
May 30, 2024	$33.48	$30.23	-9.71%
Feb 29, 2024	$30.03	$34.40	+14.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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