The chart below shows how HRL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HRL sees a +1.18% change in stock price 10 days leading up to the earnings, and a +0.11% change 10 days following the report. On the earnings day itself, the stock moves by -1.15%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Operating Cash Flow: In fiscal 2024, we demonstrated solid execution of our strategy, resulting in an impressive $1.3 billion in operating cash flow, setting a record for the company.
Record Operating Cash Flow: We achieved a record year of operating cash flow, delivering $1.3 billion for the year, showcasing our disciplined financial approach.
Operating Income Benefits: We delivered $75 million in operating income benefits through our Transform and Modernize initiative, positioning the company for growth and long-term success.
Sales Growth Advantage: We increased net sales by 6% in our Foods Services segment, significantly above industry growth, highlighting our competitive advantage.
Shareholder Dividend Increase: We returned a record $615 million to our shareholders in the form of dividends, including the announcement of a 3% increase in our annual dividend for fiscal 2025.
Negative
Storm Damage Impact: In fiscal 2024, we experienced storm damage to our Papillion, Nebraska facility resulting in approximately $9 million of negative impact for the fourth quarter.
Production Disruption Update: We made significant progress during the quarter regarding the Suffolk production disruption, but we expect some near-term commercial impacts and higher costs, most notably in the first quarter of fiscal 2025.
Sales Volume Decline: Volume for the fourth quarter was 1.1 billion pounds and net sales were $3.1 billion, indicating a decline in sales volume compared to previous quarters.
Sales Volume and Revenue: For the full year, volume was 4.3 billion pounds and net sales were $11.9 billion, reflecting challenges in maintaining sales growth.
SG&A Expense Increase: Fully year SG&A expenses increased compared to last year primarily due to employee-related expenses and the T&M initiative.
Hormel Foods Corporation (HRL) Q4 2024 Earnings Call Transcript
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