Latest news with #Skippy
Yahoo
2 days ago
- Business
- Yahoo
Hormel Foods Stock: Is HRL Underperforming the Consumer Defensive Sector?
With a market cap of $16.6 billion, Hormel Foods Corporation (HRL) is a leading global manufacturer and marketer of high-quality meat and food products. The company operates through Retail, Foodservice, and International segments, offering a diverse portfolio of perishable and shelf-stable items under more than 30 well-known brands, including SPAM™, SKIPPY™, Planters™, and Jennie-O™. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Hormel Foods fits this criterion perfectly, exceeding the mark. Hormel distributes its products to a broad range of customers worldwide, including foodservice providers, convenience stores, and commercial retailers. 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Dear Tesla Stock Fans, Mark Your Calendars for June 30 Nvidia Is Quickly Approaching a New Record High. Is It Too Late to Buy NVDA Stock? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Shares of the Austin, Minnesota-based company pulled back 11.1% from its 52-week high of $33.80. Shares of Hormel Foods have risen 1.3% over the past three months, slightly outperforming the Consumer Staples Select Sector SPDR Fund's (XLP) marginal gain over the same time frame. Longer term, HRL stock is down 4.2% on a YTD basis, underperforming XLP's 2.3% rise. Moreover, shares of the Skippy peanut butter maker have dipped 1.4% over the past 52 weeks, compared to XLP's 3.4% return over the same time frame. Despite a few fluctuations, the stock has been trading mostly below its 200-day moving average since last year. Shares of Hormel Foods rose 1.1% on May 29 after the company reported Q2 2025 adjusted EPS of $0.35 and revenue of $2.9 billion, meeting Wall Street expectations. Despite a 7% decline in sales volumes in both the retail and foodservice segments due to supply chain challenges and lower raw material shipments, investors were encouraged by the reaffirmed annual organic net sales growth outlook of 2% to 3%. The company also narrowed its full-year adjusted EPS forecast to $1.58 - $1.68, keeping the lower bound intact. In comparison, rival The Kraft Heinz Company (KHC) has lagged behind Hormel Foods stock. Shares of Kraft Heinz have decreased 21.1% over the past 52 weeks and 16.2% on a YTD basis. Despite the stock's underperformance relative to the sector over the past year, analysts are moderately optimistic about its prospects. The stock has a consensus rating of 'Moderate Buy' from the nine analysts covering the stock, and as of writing, HRL is trading below the mean price target of $32.71. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Age
07-06-2025
- Business
- The Age
Property investor sells rare double land holding for circa $22.7m
Property investor Jason Camuglia has sold his rare double land holding in Watsons Bay moments from the water to the tune of at least $22.7 million. The two adjacent properties totalled more than 1300 square metres, which he bought over three years for $18.78 million. Fast-forward to 2025, and Camuglia has made at least a 21 per cent increase on the price of his two properties. He sold the second half of his dual offering earlier this week for its last price guide of $7 million to $7.5 million. Not bad given Camuglia only purchased the fisherman's cottage for $6.4 million in April last year from film editor, Sara Bennett, who is known for Gallagher's Travels (1987), Summer of Secrets (1976) and Summerfield (1977). The first drama she assisted on was Skippy in 1969. Loading The picturesque three-bedroom, three-bathroom weatherboard had an approved development application for a car space. Earlier this month, Camuglia sold the first half of the two homes to Ariel Hendler, grandson of Australia's second-richest person, billionaire real estate mogul Harry Triguboff. Hendler, who is the director of asset management of his grandfather's company, purchased the unrenovated Watsons Bay house for $15.7 million in cash, settlement records revealed last week.
Sydney Morning Herald
07-06-2025
- Business
- Sydney Morning Herald
Property investor sells rare double land holding for circa $22.7m
Property investor Jason Camuglia has sold his rare double land holding in Watsons Bay moments from the water to the tune of at least $22.7 million. The two adjacent properties totalled more than 1300 square metres, which he bought over three years for $18.78 million. Fast-forward to 2025, and Camuglia has made at least a 21 per cent increase on the price of his two properties. He sold the second half of his dual offering earlier this week for its last price guide of $7 million to $7.5 million. Not bad given Camuglia only purchased the fisherman's cottage for $6.4 million in April last year from film editor, Sara Bennett, who is known for Gallagher's Travels (1987), Summer of Secrets (1976) and Summerfield (1977). The first drama she assisted on was Skippy in 1969. Loading The picturesque three-bedroom, three-bathroom weatherboard had an approved development application for a car space. Earlier this month, Camuglia sold the first half of the two homes to Ariel Hendler, grandson of Australia's second-richest person, billionaire real estate mogul Harry Triguboff. Hendler, who is the director of asset management of his grandfather's company, purchased the unrenovated Watsons Bay house for $15.7 million in cash, settlement records revealed last week.
Miami Herald
05-06-2025
- Health
- Miami Herald
Iconic astronaut beverage gets new life as energy, exercise drink
My parents were health freaks long before that was even a thing. We didn't eat red meat, drink soda, or even use butter. We "dressed" our baked potatoes with olive oil and fresh rosemary. Fast food? Forget about it. Not sure how I even survived. In hindsight, they were way ahead of their time in many ways, but I remember wishing I could eat a Skippy peanut butter and Smucker grape jelly sandwich on Wonder Bread and wash it down with a can of Coke or a glass of Tang, like everyone else did. Don't miss the move: Subscribe to TheStreet's free daily newsletter Tang was a staple for Americans in the 1970s and 1980s, when I was a kid. If you're not familiar, it was a sweet and citrusy "shelf-stable" powdered mix that you'd stir into a glass of water and drink to get a dose of vitamin C. A "better living through chemicals" kind of thing. And though General Mills launched Tang in 1957, it didn't really take hold in the popular consciousness until years later, when NASA made Tang a star during the 1962 Mercury mission. That was the year astronaut John Glenn took Tang into orbit on the Mercury mission, kicking off a long relationship between the bright orange drink mix and America's space program. By the time Apollo 8 launched in 1968 - the first manned mission to orbit the moon - Tang was being promoted as the "official drink of astronauts," thanks to an aggressive advertising campaign and sponsorship of ABC's TV coverage of the historic event. Image source: Bettman/Getty Images Tang sort of faded from American menus in recent decades, though it's still very popular in countries like the Philippines, Brazil, and the Middle East. Now, more than half a century after it first blasted into the spotlight, Tang is aiming for a new orbit: the gym. Tang is making a return to U.S. shelves as a pre-workout sports supplement. The brand has partnered with An Supps - a division of Applied Nutrition PLC, UK - to launch Tang pre-workout and hydration products. The drinks are aimed at fitness enthusiasts looking for energy, hydration, and maybe even a hit of nostalgia before hitting the weights or the treadmill. Early product pages list caffeine, electrolytes, amino acids, and B vitamins as the main ingredients, all of which are standard in modern performance drinks. More Food News: McDonald's, Starbucks targeted by rival fast-food chain's takeoverPopular retailer unveils affordable line with unexpected brandOreo celebrates 113th birthday bringing back fan favorite This pivot is part of a broader trend of legacy brands tapping into their heritage to reach new audiences. Tang's revamped image plays heavily on its astronaut legacy while appealing to Millennial and Gen Z consumers who demand functionality but also love a connection to the past. Related: Nostalgic breakfast treats move to the ice cream aisle The sports beverage and supplement market is booming, projected to reach over $30 billion globally in the next few years. Pre-workout powders alone are seeing annual growth of nearly 10%, driven by health-conscious consumers, the rise of home fitness, and an ever-expanding array of influencers and TikTok stars promoting their favorite blends. Brands like C4, Ghost, and Celsius have already carved out strong positions, and legacy players like Gatorade are investing in their own expanded product lines to keep pace. Applied Nutrition PLC, maker of ABE and Whey Iso, among other products, is partnering with Tang on the new drinks, which will be available at The Vitamin Shoppe stores at first. The latest variation of Tang comes as a carbonated, ready-to-drink canned beverage or powder in three formulas: pre-workout, caffeine-free pre-workout, and hydration. All are gluten-free and sugar-free, and they include citrulline, which is said to increase endurance, reduce muscle fatigue, and improve high-intensity exercise. Related: McDonald's menu adds hot new collab to spice things up "The brand is a wink to anyone taking care of themselves in the present, while wistful of the brands they have enjoyed in the past," An Supps CEO Aaron Heidebreicht said in an announcement. With Tang entering the arena, the battle for the shaker bottle is heating up. Whether this retro-futuristic drink can compete with the neon-hued competition remains to be seen. As for astronauts, some of them were apparently still drinking Tang as recently as 2014, according to this interview with former astronaut Mike Massimino on Bill Nye the Science Guy. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
30-05-2025
- Business
- Yahoo
Hormel Foods says consumers are ‘strained' as they trade down or hunt for value, but maintains outlook for the year
maintained its full-year 2025 net sales guidance at $12.2 billion despite economic uncertainty and tariff-related pressures, noting that consumers are feeling strained and adjusting their spending habits for maximum value. While tariffs have not significantly impacted Hormel yet, the company narrowed its growth and earnings forecasts slightly and emphasized strength in value-oriented and premium product lines like Applegate. In its second earnings call of the year, Hormel Foods held its guidance steady despite a shifting macroeconomic outlook. Hormel, known for kitchen staples such as Applegate, Skippy, and SPAM, narrowed its expectations during its earnings call Thursday but maintained its top-line expectation of $12.2 billion in net sales for the FY 2025. The extensive offerings and categories Hormel operates in enables the Austin, Minn.-based brand unique insight into the spending habits and sentiments of consumers. To this effect, executives noted shoppers are 'strained' amid a 'choppy environment.' Much of this uncertainty stems back to President Donald Trump's tariff regime, which has upended everything from Wall Street's outlook to inflation expectations. With consumers potentially bracing for higher prices as a result of the foreign policy, Hormel said some are trading down on their shops while others are focusing on maximum value. Consumers and analysts alike have whiplash from the news out of Washington D.C.: In the past few weeks alone, Trump's team has reduced sky-high tariffs on China for 90-days, then accused Beijing of breaking the agreement, threatening 50% tariffs on the EU which were then delayed, and successfully appealed a court decision which banned the administration from introducing any of its 'Liberation Day' measures. 'I would describe the consumer sentiment as not great, meaning they're feeling the cumulative effects of inflation and at the same time feeling uncertainty in the macro environment,' John Ghingo, executive vice president of Hormel's retail division, told analysts on the call. 'I would describe that as a strained consumer sentiment. And what's interesting is you do see some trading down from consumers to lower prices.' He continued: 'Some of our categories actually play very well for affordability, but if we pull back even from that and say, 'where is the growth coming from?' … we can see some very different pockets of strong growth because consumers are still looking for solutions. 'They're still looking for what they would classify… as value. And so within our own portfolio, we see strong growth still in the premium … with our Applegate brand.' Ghingo added that because consumers are stretched, they want to get maximum value and flexibility out of products—which is where protein products from Applegate and turkey specialists Jennie-O are flourishing. Of course, businesses aren't only impacted by tariffs because of the effect on customers, but also on their supply chain and relative costs. Most businesses say they are going to pass costs onto consumers, as the Federal Reserve noted in its May meeting: 'Many participants remarked that reports from their business contacts or surveys indicated that firms generally were planning to either partially or fully pass on tariff-related cost increases to consumers. 'Several participants noted that firms not directly subject to tariffs might take the opportunity to increase their prices if other prices rise.' Some brands, like Walmart, have already warned they may have to increase their prices—earning the ire of the Oval Office. Hormel, a Fortune 500 company, noted its portfolio has not been impacted by tariffs 'to date' (though let's not forget, the sharpest end of tariff threats are yet to come to fruition), with Jacinth Smiley, executive vice president and CFO at Hormel adding: 'Although our business has not been materially impacted by the tariff landscape to date, based on what we know today, we have assumed a range of $0.01 to $0.02 of tariff impacts in the back half of the year in our outlook.' With that in mind, the brand narrowed its organic net sales growth outlook to a range of 2% to 3% and likewise narrowed its adjusted diluted net earnings per share expectations to $1.58 to $1.68. That being said, Smiley added: 'We remain confident in our outlook for bottom-line growth for each segment in the second half of the year and remain committed to delivering long-term value through strategic execution.' Overall, Hormel reported Q2 2025 net sales of $2.9 billion with organic net sales up 1%. In the retail category, net sales were flat with volumes down 7% year-over-year, with segment profits climbing 4%. In the foodservice category, organic volumes were down 1%, and the segment profit was down 4%, though volumes increased 4%. In the international segment, volumes were up 9%, net sales up 7%, though segment profit fell 21%. Hormel's share price is up 3.8% over the past five days, down approximately 3% for the year to date. This story was originally featured on
