The company reported 2024 fiscal-year results for Q3, which ended on July 28: net sales of $2.90 billion, operating income of $237 million, and diluted net earnings per share of $0.32. Adjusted operating income was $267 million, and adjusted diluted net earnings per share was $0.37.

1. 01

   The company reported 2024 fiscal-year results for Q3, which ended on July 28: net sales of $2.90 billion, operating income of $237 million, and diluted net earnings per share of $0.32. Adjusted operating income was $267 million, and adjusted diluted net earnings per share was $0.37.

2. 02

   The company said volume in Q3 fell 9% in Retail, rose 2% in Foodservice and fell 13% in International. Segment profit fell 15% in Retail and 3% in Foodservice and rose 78% in International.

3. 03

   Hormel Foods gave its full-year net sales outlook as $11.8 billion to $12.1 billion, versus the prior $12.2 billion to $12.5 billion. The company said it narrowed its adjusted diluted net earnings per share range to $1.57 to $1.63 from $1.55 to $1.65.

4. 04

   Hormel Foods said operating cash flow for Q3 was $218 million. It returned about $155 million to stockholders in the same quarter, and capital expenditures were $65 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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