HRL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=HRL, following the Company's disclosure of its financial results on August 24, 2017, for the third quarter of the fiscal year 2017. The Company's adjusted net revenue increased 1.4% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HRL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=HRL

Earnings Reviewed

For the three months ended July 30, 2017, Hormel Foods' net revenue decreased 3.9% to $2.21 billion from $2.30 billion in Q3 FY16. During Q3 FY17, the Company's adjusted net revenue increased 1.4% to $2.20 billion from $2.17 billion in Q3 FY16. The net revenue was below analysts' expectations of $2.24 billion.

During Q3 FY17, Hormel Foods' gross profit decreased 4.8% to $452.41 million from $475.29 million in Q3 FY16. During Q3 FY17, the Company's gross margin decreased 20 basis points to 20.5% of revenue from 20.7% of revenue in Q3 FY16.

During Q3 FY17, Hormel Foods' selling, general, and administrative expenses (SG&A) decreased 14.6% to $176.66 million from $206.88 million in the same period of last year.

For the reported quarter, the Company's operating income increased 1.8% to $279.71 million from $274.79 million in Q3 FY16. For the reported quarter, Hormel Foods' operating margin increased 80 basis points to 12.7% of revenue from 11.9% of revenue in Q3 FY16.

During Q3 FY17, Hormel Foods' net income decreased 6.7% to $182.51 million on a y-o-y basis from $195.65 million in Q3 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) decreased 6% to $0.34 on a y-o-y basis from $0.36 in Q3 FY16. The diluted EPS was below analysts' expectations of $0.37.

Segment Details

Grocery Products - During Q3 FY17, the Company's Grocery Products segment's net revenue increased 5.7% to $421.99 million from $399.34 million in Q3 FY16. During Q3 FY17, the segment's operating profit increased 10.2% to $58.78 million from $53.34 million in Q3 FY16.

Refrigerated Foods - During Q3 FY17, the Company's Refrigerated Foods segment's net revenue decreased 6% to $1.09 billion from $1.16 billion in Q3 FY16. During Q3 FY17, the segment's operating profit increased 14.6% to $138.31 million from $120.70 million in Q3 FY16.

Jennie-O Turkey Store - During Q3 FY17, the Company's Jennie-O Turkey Store segment's net revenue decreased 8.6% to $369.08 million from $403.95 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 19.9% to $44.99 million from $56.15 million in Q3 FY16.

Specialty Foods - During Q3 FY17, the Company's Specialty Foods segment's net revenue decreased 7.2% to $196.87 million from $212.20 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 13.9% to $23.34 million from $27.09 million in Q3 FY16.

International & Other - During Q3 FY17, the Company's International & Other segment's net revenue increased 1% to $132.89 million from $131.59 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 15.7% to $17.11 million from $20.31 million in Q3 FY16.

Balance Sheet

As on July 30, 2017, Hormel Foods' cash and cash equivalents increased 52.6% to $633.34 million from $415.14 million in Q4 FY16.

During Q3 FY17, the Company's accounts receivable decreased 7.2% to $549.01 million from $591.31 million in Q4 FY16.

During Q3 FY17, the Company's inventories increased 2.5% to $1.01 billion from $985.68 million in Q4 FY16.

During Q3 FY17, Hormel Foods' net long-term debt was at par with the $250.0 million in Q4 FY16.

During 2017, the Company's YTD cash provided by operating activities was $511.47 million compared to $621.69 million in the same period of last year.

Outlook

For FY17, Hormel Foods expects diluted EPS to be in the range of $1.54 - $1.58.

Stock Performance

On Wednesday, September 13, 2017, Hormel Foods's stock closed the trading session at $31.33, slipping 1.38% from its previous closing price of $31.77. A total volume of 3.03 million shares were exchanged during the session, which was above the 3-month average volume of 2.27 million shares. Shares of the Company have a PE ratio of 19.39 and have a dividend yield of 2.17%. The stock currently has a market cap of $16.38 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475421

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Earnings Review and Free Research Report: Hormel Foods’ Operating Income Increased 1.8%

LONDON, UK / ACCESSWIRE / September 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Hormel Foods Corp. (NYSE: HRL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=HRL, following the Company's disclosure of its financial results on August 24, 2017, for the third quarter of the fiscal year 2017. The Company's adjusted net revenue increased 1.4% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HRL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=HRL

Earnings Reviewed

For the three months ended July 30, 2017, Hormel Foods' net revenue decreased 3.9% to $2.21 billion from $2.30 billion in Q3 FY16. During Q3 FY17, the Company's adjusted net revenue increased 1.4% to $2.20 billion from $2.17 billion in Q3 FY16. The net revenue was below analysts' expectations of $2.24 billion.

During Q3 FY17, Hormel Foods' gross profit decreased 4.8% to $452.41 million from $475.29 million in Q3 FY16. During Q3 FY17, the Company's gross margin decreased 20 basis points to 20.5% of revenue from 20.7% of revenue in Q3 FY16.

During Q3 FY17, Hormel Foods' selling, general, and administrative expenses (SG&A) decreased 14.6% to $176.66 million from $206.88 million in the same period of last year.

For the reported quarter, the Company's operating income increased 1.8% to $279.71 million from $274.79 million in Q3 FY16. For the reported quarter, Hormel Foods' operating margin increased 80 basis points to 12.7% of revenue from 11.9% of revenue in Q3 FY16.

During Q3 FY17, Hormel Foods' net income decreased 6.7% to $182.51 million on a y-o-y basis from $195.65 million in Q3 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) decreased 6% to $0.34 on a y-o-y basis from $0.36 in Q3 FY16. The diluted EPS was below analysts' expectations of $0.37.

Segment Details

Grocery Products - During Q3 FY17, the Company's Grocery Products segment's net revenue increased 5.7% to $421.99 million from $399.34 million in Q3 FY16. During Q3 FY17, the segment's operating profit increased 10.2% to $58.78 million from $53.34 million in Q3 FY16.

Refrigerated Foods - During Q3 FY17, the Company's Refrigerated Foods segment's net revenue decreased 6% to $1.09 billion from $1.16 billion in Q3 FY16. During Q3 FY17, the segment's operating profit increased 14.6% to $138.31 million from $120.70 million in Q3 FY16.

Jennie-O Turkey Store - During Q3 FY17, the Company's Jennie-O Turkey Store segment's net revenue decreased 8.6% to $369.08 million from $403.95 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 19.9% to $44.99 million from $56.15 million in Q3 FY16.

Specialty Foods - During Q3 FY17, the Company's Specialty Foods segment's net revenue decreased 7.2% to $196.87 million from $212.20 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 13.9% to $23.34 million from $27.09 million in Q3 FY16.

International & Other - During Q3 FY17, the Company's International & Other segment's net revenue increased 1% to $132.89 million from $131.59 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 15.7% to $17.11 million from $20.31 million in Q3 FY16.

Balance Sheet

As on July 30, 2017, Hormel Foods' cash and cash equivalents increased 52.6% to $633.34 million from $415.14 million in Q4 FY16.

During Q3 FY17, the Company's accounts receivable decreased 7.2% to $549.01 million from $591.31 million in Q4 FY16.

During Q3 FY17, the Company's inventories increased 2.5% to $1.01 billion from $985.68 million in Q4 FY16.

During Q3 FY17, Hormel Foods' net long-term debt was at par with the $250.0 million in Q4 FY16.

During 2017, the Company's YTD cash provided by operating activities was $511.47 million compared to $621.69 million in the same period of last year.

Outlook

For FY17, Hormel Foods expects diluted EPS to be in the range of $1.54 - $1.58.

Stock Performance

On Wednesday, September 13, 2017, Hormel Foods's stock closed the trading session at $31.33, slipping 1.38% from its previous closing price of $31.77. A total volume of 3.03 million shares were exchanged during the session, which was above the 3-month average volume of 2.27 million shares. Shares of the Company have a PE ratio of 19.39 and have a dividend yield of 2.17%. The stock currently has a market cap of $16.38 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475421

LONDON, UK / ACCESSWIRE / September 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Hormel Foods Corp. (NYSE: HRL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=HRL, following the Company's disclosure of its financial results on August 24, 2017, for the third quarter of the fiscal year 2017. The Company's adjusted net revenue increased 1.4% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HRL. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=HRL

Earnings Reviewed

For the three months ended July 30, 2017, Hormel Foods' net revenue decreased 3.9% to $2.21 billion from $2.30 billion in Q3 FY16. During Q3 FY17, the Company's adjusted net revenue increased 1.4% to $2.20 billion from $2.17 billion in Q3 FY16. The net revenue was below analysts' expectations of $2.24 billion.

During Q3 FY17, Hormel Foods' gross profit decreased 4.8% to $452.41 million from $475.29 million in Q3 FY16. During Q3 FY17, the Company's gross margin decreased 20 basis points to 20.5% of revenue from 20.7% of revenue in Q3 FY16.

During Q3 FY17, Hormel Foods' selling, general, and administrative expenses (SG&A) decreased 14.6% to $176.66 million from $206.88 million in the same period of last year.

For the reported quarter, the Company's operating income increased 1.8% to $279.71 million from $274.79 million in Q3 FY16. For the reported quarter, Hormel Foods' operating margin increased 80 basis points to 12.7% of revenue from 11.9% of revenue in Q3 FY16.

During Q3 FY17, Hormel Foods' net income decreased 6.7% to $182.51 million on a y-o-y basis from $195.65 million in Q3 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) decreased 6% to $0.34 on a y-o-y basis from $0.36 in Q3 FY16. The diluted EPS was below analysts' expectations of $0.37.

Segment Details

Grocery Products - During Q3 FY17, the Company's Grocery Products segment's net revenue increased 5.7% to $421.99 million from $399.34 million in Q3 FY16. During Q3 FY17, the segment's operating profit increased 10.2% to $58.78 million from $53.34 million in Q3 FY16.

Refrigerated Foods - During Q3 FY17, the Company's Refrigerated Foods segment's net revenue decreased 6% to $1.09 billion from $1.16 billion in Q3 FY16. During Q3 FY17, the segment's operating profit increased 14.6% to $138.31 million from $120.70 million in Q3 FY16.

Jennie-O Turkey Store - During Q3 FY17, the Company's Jennie-O Turkey Store segment's net revenue decreased 8.6% to $369.08 million from $403.95 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 19.9% to $44.99 million from $56.15 million in Q3 FY16.

Specialty Foods - During Q3 FY17, the Company's Specialty Foods segment's net revenue decreased 7.2% to $196.87 million from $212.20 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 13.9% to $23.34 million from $27.09 million in Q3 FY16.

International & Other - During Q3 FY17, the Company's International & Other segment's net revenue increased 1% to $132.89 million from $131.59 million in Q3 FY16. During Q3 FY17, the segment's operating profit decreased 15.7% to $17.11 million from $20.31 million in Q3 FY16.

Balance Sheet

As on July 30, 2017, Hormel Foods' cash and cash equivalents increased 52.6% to $633.34 million from $415.14 million in Q4 FY16.

During Q3 FY17, the Company's accounts receivable decreased 7.2% to $549.01 million from $591.31 million in Q4 FY16.

During Q3 FY17, the Company's inventories increased 2.5% to $1.01 billion from $985.68 million in Q4 FY16.

During Q3 FY17, Hormel Foods' net long-term debt was at par with the $250.0 million in Q4 FY16.

During 2017, the Company's YTD cash provided by operating activities was $511.47 million compared to $621.69 million in the same period of last year.

Outlook

For FY17, Hormel Foods expects diluted EPS to be in the range of $1.54 - $1.58.

Stock Performance

On Wednesday, September 13, 2017, Hormel Foods's stock closed the trading session at $31.33, slipping 1.38% from its previous closing price of $31.77. A total volume of 3.03 million shares were exchanged during the session, which was above the 3-month average volume of 2.27 million shares. Shares of the Company have a PE ratio of 19.39 and have a dividend yield of 2.17%. The stock currently has a market cap of $16.38 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475421

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-hormel-foods-operating-income-increased-1-8/239334

Source: AccessWire

Release ID: 239334


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