Hormel Foods Corp
NYSE:HRL

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Hormel Foods Corp
NYSE:HRL
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Price: 29.54 USD 0.17% Market Closed
Market Cap: 16.2B USD

Hormel Foods Corp
Investor Relations

Nestled in the heart of Austin, Minnesota, Hormel Foods Corp. has carved a distinctive niche in the global food industry since its inception in 1891. Originally founded by George A. Hormel as a fresh meat processing and packing business, it quickly evolved, adapting to shifts in consumer preferences and technological advancements. Today, Hormel stands as a testament to adaptation and longevity, leveraging an extensive portfolio of brands that include household names like Spam, Skippy, and Jennie-O. The company’s business model hinges on processing and selling a wide variety of food products, ranging from pork and turkey to refrigerated and shelf-stable goods, providing convenience for the ever-busy modern consumer.

The magic of Hormel lies in its ability to balance tradition with innovation. Through careful management of its supply chain and strategic acquisitions, such as the purchase of Planters in 2021, Hormel has diversified its offerings, ensuring a steady stream of revenue. While retail sales constitute the backbone of its earnings, Hormel also thrives in the foodservice sector, supplying restaurants and institutions with quality ingredients. Their revenue model is further buoyed by a prudent approach to marketing and branding, which keeps their iconic products relevant and in demand. In essence, Hormel crafts its business narrative through a harmonious blend of trusted brands, strategic expansion, and an unwavering commitment to adapting in the ever-evolving food landscape.

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Earnings Calls

2024 Q4
Feb 6, 2025
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Strong growth across key metrics positions Roblox for future expansion.
2024 Q4
Feb 6, 2025

In Q4, Roblox achieved impressive results, with revenue of $988 million, up 32% year-on-year, and bookings of $1.362 billion, a 21% increase. Daily Active Users (DAUs) grew 19% to 85.3 million, and engagement hours rose 21% to 18.7 billion. Notably, strong growth was seen in Japan and India, exceeding 50%. The company aims to capture 10% of the gaming market, currently at 2.4%, emphasizing continuous investments in developer support and AI technology. For Q1 2025, guidance targets a bookings growth of 22% to 24%, with anticipated margin improvements of 300 to 400 basis points. Free cash flow surged over five times to $641 million in 2024.

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Management

Mr. James P. Snee
Chairman, President & CEO
No Bio Available
Ms. Jacinth C. Smiley CPA
Executive VP & CFO
No Bio Available
Mr. Kevin L. Myers Ph.D.
Senior Vice President of Research & Development and Quality Control
No Bio Available
Mr. Pierre M. Lilly
Senior VP & Chief Compliance Officer
No Bio Available
Ms. Katie Clark
Senior VP & Chief Communications Officer
No Bio Available
Mr. Nathan P. Annis
Vice President of Corporate Development
No Bio Available
Ms. Katherine M. Losness Larson
Senior Vice President of Human Resources
No Bio Available
Mr. D. Scott Aakre
Group VP & Chief Marketing Officer of Hormel Foods Retail Business
No Bio Available
Mr. Swen Neufeldt
Group VP & President of Hormel Foods International
No Bio Available
Ms. Lisa Selk
Senior Vice President of Brand Fuel
No Bio Available

Contacts

Address
MINNESOTA
Austin
1 Hormel Pl
Contacts
+15074375611.0
www.hormelfoods.com