Hormel Foods (HRL)
Market Price (5/19/2026): $20.44 | Market Cap: $11.3 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
Hormel Foods (HRL)
Market Price (5/19/2026): $20.44Market Cap: $11.3 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 5.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.3%, FCF Yield is 5.1% Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Nutritional Supplements, Show more. | Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -122% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6% Key risksHRL key risks include [1] losing market share to lower-cost private-label products as consumer preferences shift and [2] significant brand and financial damage from food contamination leading to product recalls. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 5.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.3%, FCF Yield is 5.1% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Nutritional Supplements, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -122% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6% |
| Key risksHRL key risks include [1] losing market share to lower-cost private-label products as consumer preferences shift and [2] significant brand and financial damage from food contamination leading to product recalls. |
Qualitative Assessment
AI Analysis | Feedback
1. Mixed First Quarter Fiscal 2026 Results with Revenue Miss. Hormel Foods reported its first-quarter fiscal 2026 earnings on February 26, 2026. While the company's adjusted diluted earnings per share (EPS) of $0.34 surpassed the consensus estimate of $0.32 by $0.02, its quarterly revenue of $3.03 billion fell short of analyst estimates of $3.07 billion.
2. Weakness in the Retail Segment Amidst Shifting Consumer Behavior. The company experienced a 2% decline in net sales and a 6% drop in volume within its Retail segment during the first quarter of fiscal 2026. This underperformance was attributed to a combination of softer consumer demand and a strategic exit from certain lower-margin private-label products, particularly impacting packaged deli categories. Broader macroeconomic factors, such as persistent inflation, have led consumers to seek value, trade down to cheaper alternatives, and reduce overall food spending. Additionally, the increasing use of GLP-1 weight-loss medications is influencing purchasing patterns, with some households decreasing grocery spending on certain categories.
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Stock Movement Drivers
Fundamental Drivers
The -16.0% change in HRL stock from 1/31/2026 to 5/18/2026 was primarily driven by a -17.9% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.27 | 20.38 | -16.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,106 | 12,145 | 0.3% |
| Net Income Margin (%) | 4.0% | 4.0% | 2.0% |
| P/E Multiple | 27.9 | 22.9 | -17.9% |
| Shares Outstanding (Mil) | 551 | 550 | 0.0% |
| Cumulative Contribution | -16.0% |
Market Drivers
1/31/2026 to 5/18/2026| Return | Correlation | |
|---|---|---|
| HRL | -16.0% | |
| Market (SPY) | 7.0% | 8.0% |
| Sector (XLP) | 3.4% | 53.6% |
Fundamental Drivers
The -3.0% change in HRL stock from 10/31/2025 to 5/18/2026 was primarily driven by a -35.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.02 | 20.38 | -3.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,059 | 12,145 | 0.7% |
| Net Income Margin (%) | 6.3% | 4.0% | -35.6% |
| P/E Multiple | 15.3 | 22.9 | 49.5% |
| Shares Outstanding (Mil) | 550 | 550 | 0.0% |
| Cumulative Contribution | -3.0% |
Market Drivers
10/31/2025 to 5/18/2026| Return | Correlation | |
|---|---|---|
| HRL | -3.0% | |
| Market (SPY) | 8.9% | 1.5% |
| Sector (XLP) | 14.2% | 56.4% |
Fundamental Drivers
The -28.4% change in HRL stock from 4/30/2025 to 5/18/2026 was primarily driven by a -36.6% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.48 | 20.38 | -28.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,913 | 12,145 | 1.9% |
| Net Income Margin (%) | 6.4% | 4.0% | -36.6% |
| P/E Multiple | 20.7 | 22.9 | 10.9% |
| Shares Outstanding (Mil) | 549 | 550 | -0.2% |
| Cumulative Contribution | -28.4% |
Market Drivers
4/30/2025 to 5/18/2026| Return | Correlation | |
|---|---|---|
| HRL | -28.4% | |
| Market (SPY) | 34.7% | 6.2% |
| Sector (XLP) | 7.9% | 54.7% |
Fundamental Drivers
The -43.3% change in HRL stock from 4/30/2023 to 5/18/2026 was primarily driven by a -49.0% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5182026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.91 | 20.38 | -43.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,385 | 12,145 | -1.9% |
| Net Income Margin (%) | 7.9% | 4.0% | -49.0% |
| P/E Multiple | 20.1 | 22.9 | 14.1% |
| Shares Outstanding (Mil) | 547 | 550 | -0.6% |
| Cumulative Contribution | -43.3% |
Market Drivers
4/30/2023 to 5/18/2026| Return | Correlation | |
|---|---|---|
| HRL | -43.3% | |
| Market (SPY) | 84.5% | 7.2% |
| Sector (XLP) | 20.4% | 48.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HRL Return | 7% | -5% | -27% | 1% | -21% | -14% | -50% |
| Peers Return | 11% | 14% | -16% | 0% | -20% | -12% | -25% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| HRL Win Rate | 42% | 58% | 42% | 42% | 33% | 40% | |
| Peers Win Rate | 50% | 63% | 43% | 50% | 35% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| HRL Max Drawdown | -19% | -18% | -33% | -19% | -31% | -22% | |
| Peers Max Drawdown | -18% | -20% | -30% | -17% | -28% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TSN, KHC, CAG, GIS, CPB. See HRL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/18/2026 (YTD)
How Low Can It Go
| Event | HRL | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -17.3% | -33.7% |
| % Gain to Breakeven | 20.9% | 50.9% |
| Time to Breakeven | 5 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.9% | -3.7% |
| % Gain to Breakeven | 14.8% | 3.9% |
| Time to Breakeven | 368 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -13.0% | -17.9% |
| % Gain to Breakeven | 14.9% | 21.8% |
| Time to Breakeven | 274 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -38.2% | -53.4% |
| % Gain to Breakeven | 61.9% | 114.4% |
| Time to Breakeven | 428 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -14.9% | -8.6% |
| % Gain to Breakeven | 17.6% | 9.5% |
| Time to Breakeven | 106 days | 47 days |
In The Past
Hormel Foods's stock fell -0.6% during the 2025 US Tariff Shock. Such a loss loss requires a 0.6% gain to breakeven.
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| Event | HRL | S&P 500 |
|---|---|---|
| 2008-2009 Global Financial Crisis | ||
| % Loss | -38.2% | -53.4% |
| % Gain to Breakeven | 61.9% | 114.4% |
| Time to Breakeven | 428 days | 1085 days |
In The Past
Hormel Foods's stock fell -0.6% during the 2025 US Tariff Shock. Such a loss loss requires a 0.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hormel Foods (HRL)
AI Analysis | Feedback
Hormel Foods (HRL) is like a:
- Kraft Heinz, but with a portfolio leaning heavily into meat, poultry, and nut-based products, from SPAM to Skippy.
- General Mills that focuses more on refrigerated and shelf-stable meat and nut brands like Hormel, Jennie-O, and Planters.
AI Analysis | Feedback
- Fresh and Refrigerated Foods: Hormel Foods offers a variety of perishable items including fresh meats, sausages, hams, bacons, and refrigerated meal solutions.
- Canned and Shelf-Stable Foods: The company produces shelf-stable items such as canned luncheon meats (SPAM), chilies, stews, and microwaveable meals.
- Nut Products: This category includes popular nut butters (SKIPPY, Justin's) and various snack nuts (Planters, Corn Nuts).
- Poultry Products: Hormel Foods specializes in branded and unbranded turkey products, prominently featuring the Jennie-O brand.
- Dips and Mexican Foods: Offerings include guacamoles (Wholly), salsas, tortillas, and tortilla chips (Herdez).
- Specialty Food & Gelatin: The company also provides nutritional food products, supplements, desserts, drink mixes, and industrial gelatin.
AI Analysis | Feedback
Hormel Foods Corporation (HRL) sells primarily to other companies rather than directly to individual consumers. Based on the provided company description, its major customer categories are:
- Retail Customers: These include grocery stores, supermarkets, mass merchandisers, club stores, and convenience stores where consumers purchase Hormel's wide range of branded products such as SPAM, SKIPPY, Planters, and Jennie-O. Specific names of these retail chains are not provided in the company description.
- Foodservice Customers: This category encompasses restaurants, hotels, schools, hospitals, and other institutional and catering operations that use Hormel's products in their prepared meals and offerings.
- Deli Customers: This refers to establishments with deli counters, which could be standalone delis or those within larger retail stores, featuring products like Hormel Natural Choice, Applegate, and Columbus brand meats.
- Commercial Customers: This is a broader category that may include other food manufacturers (for ingredients), large institutions, or international distributors.
The company description does not list specific names of customer companies.
AI Analysis | Feedback
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Jeffrey M. Ettinger, Interim Chief Executive OfficerJeffrey M. Ettinger previously served as the president and chief executive officer of Hormel Foods from 2005 to 2016, a career spanning nearly three decades with the company in various roles including corporate attorney, treasurer, and president of Jennie-O Turkey Store, Inc.. He also served as the interim president of the University of Minnesota from 2023 to 2024 and currently chairs The Hormel Foundation. Ettinger has also served on the boards of The Toro Company and Ecolab Inc., including nearly six years as Ecolab's lead director.
John Ghingo, President
John Ghingo, promoted to president effective July 14, 2025, previously held the role of executive vice president for Retail at Hormel Foods. He brings 15 years of leadership experience from various roles at Mondelēz International and served as president of Applegate Farms, LLC, a Hormel Foods subsidiary, from 2018 through 2022.
Paul Kuehneman, Interim Chief Financial Officer and Controller
Paul Kuehneman was named interim chief financial officer and controller, effective October 27, 2025, and has over 30 years of experience with Hormel Foods. His career at Hormel Foods includes roles such as director of internal audit, vice president and chief financial officer for Jennie-O Turkey Store, assistant controller, and most recently, vice president and controller of Hormel Foods. He is responsible for the company's accounting, finance, treasury, and internal controls functions.
Jeff Baker, Group Vice President
Jeff Baker joined Hormel Foods in October 2015 and serves as Group Vice President.
PJ Connor, Group Vice President
PJ Connor serves as Group Vice President at Hormel Foods. He also holds the title of SVP of Sales, Consumer Products.
AI Analysis | Feedback
The key risks to Hormel Foods (HRL) include disease outbreaks impacting its protein supply, evolving consumer preferences, and the volatility of input costs.
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Disease Outbreaks, particularly Avian Influenza (HPAI): Recurring outbreaks of avian influenza have significantly impacted Hormel's Jennie-O turkey business, leading to substantial supply gaps and increased costs. This risk can reduce production volumes in the company's turkey facilities and potentially increase disease risks due to changing climate or migratory patterns.
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Evolving Consumer Preferences and Competition: Hormel faces challenges from changing consumer dietary trends, including shifts towards lower-priced private-label products, plant-based alternatives, and a broader market concern that weight-loss drugs (GLP-1 threat) could lead to a decline in overall calorie consumption, particularly in snacking and processed meats. The company has experienced declining sales volumes in its retail segment, indicating a struggle to adapt to these shifts and intense competition.
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Input Cost Volatility and Supply Chain Disruptions: The company is susceptible to fluctuations in raw material costs, such as grain, lean hog, beef, and pork, as well as rising logistics expenses and tariffs. These volatilities and supply chain disruptions can compress margins and negatively impact profitability.
AI Analysis | Feedback
The clear emerging threat to Hormel Foods is the accelerating shift in consumer preferences towards alternative protein sources, particularly plant-based meat alternatives and the nascent but growing development of cultivated (lab-grown) meat. As a company deeply rooted in traditional meat products (pork, beef, turkey, and processed meats like SPAM, sausages, and hams), the increasing availability, acceptance, and innovation in plant-based options directly challenge Hormel's core product portfolio and market share. This trend is analogous to the disruptive forces seen in other industries, where new technologies or product categories fundamentally alter market dynamics and consumer behavior, potentially diminishing the demand for established offerings.
AI Analysis | Feedback
Hormel Foods Corporation (HRL) operates in several significant addressable markets for its diverse range of meat, nut, and food products.
Processed Meats
The global processed meat market was valued at approximately USD 707.98 billion in 2025 and is projected to reach USD 1,253.77 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.62% during the forecast period. North America held the largest share of the global processed meat market in 2025, accounting for 41.36% or 49%. The U.S. processed meat market alone was valued at USD 128.28 billion in 2024 and is projected to reach around USD 235.60 billion by 2034, with a CAGR of 6.25% from 2025 to 2034.
Nut Butters and Snack Nuts
The global nut products market was estimated to be valued at USD 6.7 billion in 2022 and is projected to reach USD 8.9 billion by 2027, growing at a CAGR of 5.9%. Another source indicates the global nuts market size was valued at USD 23.42 billion in 2024 and is expected to reach USD 35.67 billion by 2032, at a CAGR of 5.5%. North America is expected to dominate the global nuts market, with the largest revenue share of 27.41% in 2025. Specifically, the U.S. nuts market size was valued at USD 10.39 billion in 2024 and is projected to grow to approximately USD 18.08 billion by 2034, exhibiting a CAGR of 5.70% from 2025 to 2034. The global nut butters market was valued at USD 4.3 billion in 2025 and is projected to reach USD 6.8 billion by the end of 2035, growing at a CAGR of 4.8%. The North America nut butters market is projected to grow from USD 1,110.0 million in 2024 to USD 1,725.0 million by 2035, at a CAGR of 4.09%.
Guacamole
The global guacamole market size was estimated at USD 309.0 million in 2023 and is expected to grow to USD 456.9 million by 2030, at a CAGR of 5.8%. Another estimate places the global guacamole market size at USD 1.4 billion in 2024, expected to reach USD 2.5 billion by 2033, exhibiting a CAGR of 7% from 2025 to 2033. North America dominated the global guacamole market with a market share of 40.63% in 2025. The U.S. guacamole market size was valued at USD 501.8 million in 2025 and is expected to reach USD 798.9 million by 2034, exhibiting a CAGR of 5.14% during 2026-2034.
Turkey Products
The global turkey meat market was valued at USD 13.16 billion in 2025 and is projected to reach USD 19.97 billion by 2034, growing at a CAGR of 4.74% from 2026-2034. The United States is the world's largest turkey producer and exporter of turkey products, with total turkey production tallied at 6.986 billion pounds in 2023.
Canned and Shelf-Stable Foods
The global canned food market size was estimated at USD 122.68 billion in 2023 and is projected to reach USD 154.72 billion by 2030, growing at a CAGR of 3.9% from 2024 to 2030. Europe dominated the canned food market with a revenue share of 37.7% in 2023. The U.S. canned food market size was valued at USD 32.96 billion in 2024 and is poised to grow to USD 52.46 billion by 2033, growing at a CAGR of 5.3% during the forecast period 2026–2033. Another source indicates the U.S. canned food market is expected to reach USD 41.0 billion by 2030, registering a CAGR of 5.5%.
AI Analysis | Feedback
Hormel Foods Corporation (HRL) anticipates several key drivers to fuel its revenue growth over the next two to three years. These drivers reflect the company's strategic focus on its diverse portfolio, operational efficiency, and market expansion. Here are the expected drivers of future revenue growth for Hormel Foods: * Foodservice Segment Momentum: Hormel Foods expects continued strong organic net sales growth in its Foodservice segment. This growth is anticipated to be broad-based across numerous categories, including premium prepared proteins, branded bacon offerings, pepperoni, customized solutions, and the *Jennie-O* turkey portfolio. * International Expansion: The company projects sustained expansion in its International segment, particularly through its multinational businesses and branded exports. Growth in China and strong performance of the *SPAM* luncheon meat brand are expected to be significant contributors to this segment's revenue. * Value-Added Product Portfolio and Brand Strength: A continued focus on its "protein-centric" and "value-added" portfolio, encompassing strong demand for key brands such as *SPAM*, *Applegate*, *Jennie-O*, *Hormel Black Label*, and *Planters*, is a core driver. The company emphasizes that its diversified portfolio is well-positioned to meet evolving consumer preferences. * "Transform and Modernize" Initiative: Hormel Foods' "Transform and Modernize" initiative is expected to enhance operational efficiency, leading to significant operating income improvements. While primarily a cost-saving and efficiency measure, this initiative indirectly supports revenue growth by enabling further strategic investments in technology, people, and brands, positioning the company for long-term growth. * Strategic Pricing Actions and Brand Investment: The company plans to implement targeted retail pricing actions and increase investments in brand support and innovation. These efforts are aimed at driving both top-line growth and margin expansion across its product categories.AI Analysis | Feedback
Share Repurchases
- Hormel Foods reported $0.0 for buyback per share for the last twelve months ending October 31, 2025.
- The company's annual share buybacks for 2023 were $12.303 million.
Share Issuance
- Hormel Foods' shares outstanding increased by 0.3% in 2025 to 0.55 billion, following a slight decline of 0.03% in 2024 and 0.11% in 2023.
- The company's 10-Year Share Buyback Ratio was -0.50% as of October 2025, which may indicate share issuance.
Outbound Investments
- In 2021, Hormel Foods acquired the Planters® snacking business for $3.35 billion, marking its largest acquisition and a strategic move into the snacking category.
- The company plans to sell its whole-bird turkey business to Life-Science Innovations by the end of the second quarter of fiscal 2026, aiming to focus on value-added protein products.
- Hormel Foods recognized a non-cash impairment charge of $234 million in fiscal 2025, primarily related to a minority investment in its International segment.
Capital Expenditures
- Capital expenditures totaled $311 million in fiscal 2025, an increase from $256 million in the prior year.
- Fiscal 2025 capital investments were focused on capacity expansions for Hormel® Fire Braised™ and Applegate® products, data and technology, safety initiatives, and the Jiaxing, China, facility.
- Hormel Foods anticipates capital expenditures to be in the range of $260 million to $290 million for fiscal 2026.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.87 |
| Mkt Cap | 14.6 |
| Rev LTM | 15,461 |
| Op Inc LTM | 1,414 |
| FCF LTM | 1,034 |
| FCF 3Y Avg | 1,153 |
| CFO LTM | 1,690 |
| CFO 3Y Avg | 1,909 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.3% |
| Rev Chg 3Y Avg | -0.8% |
| Rev Chg Q | -0.5% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Inc Chg LTM | -8.2% |
| Op Inc Chg 3Y Avg | -0.4% |
| Op Mgn LTM | 12.0% |
| Op Mgn 3Y Avg | 13.5% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 11.2% |
| CFO/Rev 3Y Avg | 12.8% |
| FCF/Rev LTM | 7.2% |
| FCF/Rev 3Y Avg | 8.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.6 |
| P/S | 0.8 |
| P/Op Inc | 6.1 |
| P/EBIT | 9.1 |
| P/E | 9.0 |
| P/CFO | 6.7 |
| Total Yield | 9.8% |
| Dividend Yield | 6.3% |
| FCF Yield 3Y Avg | 7.1% |
| D/E | 0.8 |
| Net D/E | 0.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.5% |
| 3M Rtn | -20.8% |
| 6M Rtn | -10.9% |
| 12M Rtn | -32.4% |
| 3Y Rtn | -47.8% |
| 1M Excs Rtn | -7.3% |
| 3M Excs Rtn | -26.3% |
| 6M Excs Rtn | -22.3% |
| 12M Excs Rtn | -56.7% |
| 3Y Excs Rtn | -128.1% |
Comparison Analyses
Price Behavior
| Market Price | $20.38 | |
| Market Cap ($ Bil) | 11.2 | |
| First Trading Date | 01/02/1990 | |
| Distance from 52W High | -32.2% | |
| 50 Days | 200 Days | |
| DMA Price | $21.49 | $23.27 |
| DMA Trend | down | down |
| Distance from DMA | -5.2% | -12.4% |
| 3M | 1YR | |
| Volatility | 25.9% | 26.8% |
| Downside Capture | 53.87 | 28.06 |
| Upside Capture | -14.63 | -21.84 |
| Correlation (SPY) | 9.3% | 4.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.10 | 0.07 | 0.08 | 0.01 | 0.11 | 0.12 |
| Up Beta | 0.13 | 0.21 | 0.02 | -0.18 | 0.36 | 0.18 |
| Down Beta | -1.07 | -0.15 | 0.17 | -0.34 | -0.02 | -0.08 |
| Up Capture | -41% | -38% | -16% | 19% | -9% | 1% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 10 | 17 | 27 | 58 | 118 | 363 |
| Down Capture | -44% | 62% | 39% | 21% | 30% | 55% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 26 | 37 | 67 | 133 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HRL | |
|---|---|---|---|---|
| HRL | -29.1% | 26.8% | -1.30 | - |
| Sector ETF (XLP) | 8.8% | 12.5% | 0.40 | 53.7% |
| Equity (SPY) | 26.7% | 12.1% | 1.66 | 5.1% |
| Gold (GLD) | 40.7% | 26.8% | 1.25 | 6.5% |
| Commodities (DBC) | 47.8% | 18.5% | 1.97 | -5.4% |
| Real Estate (VNQ) | 10.8% | 13.4% | 0.52 | 36.7% |
| Bitcoin (BTCUSD) | -23.9% | 41.9% | -0.54 | -4.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HRL | |
|---|---|---|---|---|
| HRL | -12.7% | 23.6% | -0.60 | - |
| Sector ETF (XLP) | 6.8% | 13.2% | 0.29 | 50.2% |
| Equity (SPY) | 13.8% | 17.1% | 0.64 | 12.5% |
| Gold (GLD) | 19.5% | 17.9% | 0.88 | 7.3% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 0.2% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 28.5% |
| Bitcoin (BTCUSD) | 6.9% | 55.9% | 0.34 | 1.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HRL | |
|---|---|---|---|---|
| HRL | -4.0% | 23.1% | -0.18 | - |
| Sector ETF (XLP) | 7.7% | 14.7% | 0.39 | 54.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 24.8% |
| Gold (GLD) | 13.2% | 15.9% | 0.69 | 8.1% |
| Commodities (DBC) | 8.6% | 17.9% | 0.39 | 2.1% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 32.5% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 2.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/18/2026 | 0.3% | 3.4% | -8.6% |
| 12/4/2025 | 0.7% | -1.9% | -7.5% |
| 8/28/2025 | 0.9% | 1.7% | -2.3% |
| 5/29/2025 | 1.0% | 1.1% | -0.4% |
| 2/27/2025 | 0.9% | 2.2% | 7.0% |
| 12/4/2024 | 2.7% | 3.6% | -4.1% |
| 9/4/2024 | 3.5% | 1.1% | 0.3% |
| 5/30/2024 | 0.6% | 0.3% | -1.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 9 |
| # Negative | 10 | 12 | 15 |
| Median Positive | 1.1% | 3.5% | 5.2% |
| Median Negative | -4.6% | -4.4% | -5.4% |
| Max Positive | 7.4% | 13.6% | 16.5% |
| Max Negative | -6.6% | -8.2% | -10.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 02/26/2026 | 10-Q |
| 10/31/2025 | 12/05/2025 | 10-K |
| 07/31/2025 | 08/28/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 02/27/2025 | 10-Q |
| 10/31/2024 | 12/05/2024 | 10-K |
| 07/31/2024 | 09/04/2024 | 10-Q |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 02/29/2024 | 10-Q |
| 10/31/2023 | 12/06/2023 | 10-K |
| 07/31/2023 | 08/31/2023 | 10-Q |
| 04/30/2023 | 06/01/2023 | 10-Q |
| 01/31/2023 | 03/02/2023 | 10-Q |
| 10/31/2022 | 12/06/2022 | 10-K |
| 07/31/2022 | 09/01/2022 | 10-Q |
| 04/30/2022 | 06/02/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 12.20 Bil | 12.35 Bil | 12.50 Bil | 0 | Affirmed | Guidance: 12.35 Bil for 2026 | |
| 2026 Revenue Growth | 1.0% | 2.5% | 4.0% | 0 | 0 | Affirmed | Guidance: 2.5% for 2026 |
| 2026 Operating Income | 1.06 Bil | 1.09 Bil | 1.12 Bil | 0 | Affirmed | Guidance: 1.09 Bil for 2026 | |
| 2026 EPS | 1.43 | 1.47 | 1.51 | 0 | Affirmed | Guidance: 1.47 for 2026 | |
Prior: Q4 2025 Earnings Reported 12/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 12.20 Bil | 12.35 Bil | 12.50 Bil | ||||
| 2026 Revenue Growth | 1.0% | 2.5% | 4.0% | ||||
| 2026 Operating Income | 960.00 Mil | 995.00 Mil | 1.03 Bil | 0.6% | Higher New | Actual: 989.00 Mil for 2025 | |
| 2026 Adjusted Operating Income | 1.06 Bil | 1.09 Bil | 1.12 Bil | 2.6% | Higher New | Actual: 1.06 Bil for 2025 | |
| 2026 EPS | 1.29 | 1.34 | 1.39 | 0 | Same New | Actual: 1.34 for 2025 | |
| 2026 Adjusted EPS | 1.43 | 1.47 | 1.51 | 2.1% | Higher New | Actual: 1.44 for 2025 | |
| 2026 Capital Expenditures | 260.00 Mil | 275.00 Mil | 290.00 Mil | -8.3% | Lower New | Actual: 300.00 Mil for 2025 | |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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