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Hormel Foods (HRL) Tops Q4 EPS by 2c, Revenues Miss; Offers FY19 EPS/Revenue Guidance

November 20, 2018 6:32 AM EST

Hormel Foods (NYSE: HRL) reported Q4 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.57 billion.

FISCAL 2019 OUTLOOK

"Fiscal 2019 is a continuation of our long-term evolution as a global branded food company," said Jim Snee, chairman of the board, president, and chief executive officer. "Our focus on building brands, delivering meaningful innovation to the marketplace, making strategic acquisitions, and creating intentional balance will ensure we are able to meet our growth goals. We are confident in our plan to deliver growth in each business segment in 2019."

"We anticipate another year of strong cash flows. We plan to reinvest to expand capacity for branded value-added products while returning cash back to shareholders through a 12 percent dividend increase," Snee said. "This coming year will require strong execution from every business unit in order to manage through commodity market volatility and global trade uncertainty. I know our team is up to the challenge."

"Growth from leading brands such as Wholly Guacamole®, Applegate®, Jennie-O®, and SPAM® will be important to our success in 2019," Snee said. "We expect continued growth from our many new innovative items such as Herdez® guacamole salsa, Hormel® Bacon 1™ fully cooked bacon, Hormel® Natural Choice® products, and Hormel® Fire Braised™ meats."

GUIDANCE:

Hormel Foods sees FY2019 EPS of $1.77-$1.91, versus the consensus of $1.84. Hormel Foods sees FY2019 revenue of $9.7-10.2 billion, versus the consensus of $9.86 billion.

For earnings history and earnings-related data on Hormel Foods (HRL) click here.



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