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CEO is encouraged by Hormel's broad-based volume growth, reflecting strong brands and robust foodservice product demand. Despite retail and international challenges, overall performance exceeded expectations, sparking a premarket trading rally.

Steve Lykken of Hormel Foods asserts Matt's operations knowledge and leadership will keep Jennie-O Turkey Store as an industry leader. His experience and strategic mindset will add significant value to his team and responsibilities.

Investors remain bullish on Hormel Foods despite sluggish growth and high P/E ratio, risking disappointment if P/E aligns with the subpar growth outlook. High valuation poses significant risk to shareholders and potential investors.

According to Cramer, Wall Street feared the effects of these drugs on the market during the fall. Investors soured on companies that made junk food and medical device companies that could benefit from higher rates of obesity or diabetes, he said.
But with the market as a whole seeing a rebound, Cramer said investors can now turn their attention to stocks that could see gains because of these drugs.
“I thin...

Hormel's reassessment to its FY24 forecast has been negatively received by the market as it navigates through numerous challenges in its business environment. The lowered guidance considering the consensus estimates indicates bearish sentiment for the Hormel stock.

The decline in Hormel Foods' EPS may have impacted investor sentiment, causing disappointment and potentially leading to the share price dip. Despite the decrease in share price, the total shareholder return was less severe due to the company's dividend payments.

Investors in the week ahead should see debt ceiling worries fade during a holiday-shortened week.
Late Saturday, President Biden and House Speaker Kevin McCarthy announced a tentative debt ceiling deal set to last two years with lawmakers now set to begin the task of passing this legislation before a June 5 deadline.
U.S. stock and bond markets will be closed on Monday for Memorial Day. A busy week of earnin...

Some of us may not have paid attention to which companies own what brands until we entered the market. This post is for those of us. I'll start with a few of mine. I certainly didn't know...
Pepsi (PEP) owns FritoLay
Hormel (HRL) owns Jennie-O
VF Corp. (VFC) owns Vans, Supreme, and Dickies
Unilever (UL) owns Dove, Axe, and Ben and Jerry's
Kellogg's (K) owns Cheez-It
Berkshire-Hathaway (BRK) owns Geico and See's Candies
Campb...