Hormel Foods公司（NYSE:HRL）股价周三下跌。 该公司报告第四季度调整后的每股收益为42美分，符合市场预期。季度销售额为31.38亿美元，未达到分析师预期的31.44亿美元。 季度毛利总额为5.2123亿美元，而去年同期为5.14425亿美元。 董事会主席、总裁兼首席执行官Jim Snee表示：“基础业务的强劲表现以及通过我们的转型和现代化（T&M）计划的7500万美元运营收入收益的实现，帮助抵消了动态消费环境、全鸟火鸡商品市场的急剧下滑以及在弗吉尼亚州Suffolk工厂的生产中断。” 该公司预计，到2025财年，通过扩展该计划，将从T&M计划中逐步实现1亿至1.5亿美元的收益，从而加速为组织带来的价值回报。 T&M计划旨在改造供应链，减少投资组合的复杂性，并投资于数据、技术和流程。 火鸡出口量的大幅下降导致国际业务部分的销量比去年有所下降。 T&M计划是公司到2026财年实现年度运营收入增长2.5亿美元目标的关键。 截至财年末，现金增加到7.42亿美元，而年初为7.37亿美元。财年末库存为16亿美元，比年初减少了1.04亿美元。包括当前到期债务在内的长期总债务在财年末为29亿美元。 展望：Hormel Foods预计2025财年的净销售额在119亿至122亿美元之间，而预期为122.3亿美元。 公司还预计调整后的稀释后每股收益将在1.58美元至1.72美元之间，而预期为1.68美元。 股价变动：HRL股价在周三盘前交易中下跌3.68%，至30.65美元。 下一个阅读： Apple的iPhone 17基础型号可能最终获得这个高度要求的“专业”功能

以上内容来自Benzinga Earnings专栏，原文如下：

Hormel Foods Corporation (NYSE:HRL) shares are trading lower on Wednesday.

The company reported that fourth-quarter adjusted earnings per share were 42 cents, which is in line with the street view. Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion.

Gross Profit in the quarter under review totaled $521.230 million, compared with $514.425 million a year ago.

“The combination of underlying business strength and the capture of $75 million in operating income benefit from our Transform and Modernize (T&M) initiative helped to offset a dynamic consumer environment, the steep decline in whole bird turkey commodity markets, and the production disruption at our Suffolk, Virginia, facility,”  said Jim Snee, chairman of the board, president and chief executive officer.

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The company expects to realize an incremental $100 million to $150 million in benefits from the T&M initiative in fiscal 2025, as the planned expansion of the program accelerates value returned to the organization.

The T&M initiative aims to transform the supply chain, reduce portfolio complexity, and invest in data, technology, and processes.

Considerable volume declines in turkey exports resulted in lower volumes compared to the prior year in the International segment. 

The T&M initiative is key to achieving the company’s goal of $250 million in annual operating income growth by fiscal 2026.

Cash on hand increased to $742 million at fiscal year-end from $737 million at the beginning of the year. Inventories at fiscal year-end were $1.6 billion, a decrease of $104 million from the beginning of the year. Total long-term debt, including current maturities, was $2.9 billion at fiscal year-end.

Outlook: Hormel Foods has projected net sales for FY25 to range between $11.9 billion and $12.2 billion, compared to the $12.23 billion estimate.

The company also expects adjusted diluted earnings per share to be between $1.58 and $1.72, compared to the $1.68 estimate.

Price Action: HRL shares are trading lower by 3.68% to $30.65 premarket at last check Wednesday.

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