HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2025 RESULTS

About this update from Hormel Foods Corporation

[{"type":"text","content":"Company Achieved Solid Top-Line Growth; Positioned for Strong Second Half","length":73,"tagName":"p","attribs":{}},{"type":"text","content":"Narrows Fiscal 2025 Net Sales and Earnings Outlook","length":50,"tagName":"p","attribs":{}},{"type":"text","content":"AUSTIN, Minn., May 29, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2025, which ended April 27, 2025. All comparisons are to the comparable period of fiscal 2024, unless otherwise noted.","length":304,"tagName":"p"},{"type":"image","alt":"Hormel Foods corporate logo (PRNewsfoto/Hormel Foods Corporation)","displaySize":"","headline":null,"caption":"Hormel Foods corporate logo (PRNewsfoto/Hormel Foods Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":143,"url":"https://media.zenfs.com/en/prnewswire.com/624f050fbd7ac0a8e379e0e3de1849ce"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EvU51RcIvGCOo8xpz91.Uw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/624f050fbd7ac0a8e379e0e3de1849ce","width":400,"height":143}},"href":"https://mma.prnewswire.com/media/446407/Hormel_Foods_Corporate_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"EXECUTIVE SUMMARY — FIRST HALF","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales of $5.89 billion; organic net sales1 up 1%","length":52,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income of $477 million; adjusted operating income1 of $519 million","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating margin of 8.1%; adjusted operating margin1 of 8.8%","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings before income taxes of $449 million; adjusted earnings before income taxes1 of $491 million","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Effective tax rate of 21.9%","length":27,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted earnings per share of $0.64; adjusted diluted earnings per share1 of $0.70","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash flow from operations of $366 million","length":41,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":438,"ol...

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