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Hormel Foods : Reports Second Quarter Results And Reaffirms Full Year Earnings Guidance
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Hormel Foods Corp (HRL) Q2 2021 Earnings Call Transcript
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Hormel Foods Corporation Declares Quarterly Dividend
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Hormel Foods Reports First Quarter Results And Provides Full Year Guidance
Record sales driven by growth from all four segments
The company previously announced the acquisition of the Planters® snack nuts business
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AUSTIN, Minn., Feb. 18, 2021 /PRNewswire/ Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the first quarter of fiscal 2021. All comparisons are to the first quarter of fiscal 2020 unless otherwise noted. Operating free cash flow is presented as a non-GAAP metric.
EXECUTIVE SUMMARY - FIRST QUARTER
Record net sales of $2.5 billion, up 3%
Pretax earnings of $277 million, down 5%
Hormel Foods Corp (HRL) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Hormel Foods Corp (NYSE: HRL)
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Operator
Good morning and welcome to the Hormel Foods First Quarter 2021 Earnings Conference Call. [Operator Instructions] After today s presentation, there will be an opportunity to ask questions. [Operator Instructions]
I would now like to turn the conference over to Nathan Annis. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our