Hormel Foods said it reported net sales of $2.99 billion, operating income of $228 million and diluted earnings per share of $0.31 for the first quarter of fiscal 2025, which ended January 26, 2025. Adjusted operating income was $254 million, and adjusted diluted earnings per share was $0.35.

1. 01

   Hormel Foods said it reported net sales of $2.99 billion, operating income of $228 million and diluted earnings per share of $0.31 for the first quarter of fiscal 2025, which ended January 26, 2025. Adjusted operating income was $254 million, and adjusted diluted earnings per share was $0.35.

2. 02

   The company said net sales for Q1 fell 1.1% in Retail, rose 1.9% in Foodservice and fell 2.4% in International. Segment profit fell 20.3% in Retail, fell 7.6% in Foodservice and rose 4.1% in International.

3. 03

   Hormel Foods said operating cash flow for fiscal 2025 Q1 was $309 million. It said it returned about $155 million to shareholders through dividends in the same quarter. Capital expenditures were $72 million.

4. 04

   The company maintained its full-year net sales outlook of $11.9 to $12.2 billion and its adjusted diluted earnings per share outlook of $1.58 to $1.72. It revised its diluted earnings per share outlook to $1.49 to $1.63 (previously $1.51 to $1.65), reflecting only the $0.02 loss on the sale of a non-core sow operation.

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Original filing

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