Hormel Foods公司（NYSE:HRL）股價週三下跌。 該公司報告第四季度調整後的每股收益爲42美分，符合市場預期。季度銷售額爲31.38億美元，未達到分析師預期的31.44億美元。 季度毛利總額爲5.2123億美元，而去年同期爲5.14425億美元。 董事會主席、總裁兼首席執行官Jim Snee表示：“基礎業務的強勁表現以及通過我們的轉型和現代化（T&M）計劃的7500萬美元運營收入收益的實現，幫助抵消了動態消費環境、全鳥火雞商品市場的急劇下滑以及在弗吉尼亞州Suffolk工廠的生產中斷。” 該公司預計，到2025財年，通過擴展該計劃，將從T&M計劃中逐步實現1億至1.5億美元的收益，從而加速爲組織帶來的價值回報。 T&M計劃旨在改造供應鏈，減少投資組合的複雜性，並投資於數據、技術和流程。 火雞出口量的大幅下降導致國際業務部分的銷量比去年有所下降。 T&M計劃是公司到2026財年實現年度運營收入增長2.5億美元目標的關鍵。 截至財年末，現金增加到7.42億美元，而年初爲7.37億美元。財年末庫存爲16億美元，比年初減少了1.04億美元。包括當前到期債務在內的長期總債務在財年末爲29億美元。 展望：Hormel Foods預計2025財年的淨銷售額在119億至122億美元之間，而預期爲122.3億美元。 公司還預計調整後的稀釋後每股收益將在1.58美元至1.72美元之間，而預期爲1.68美元。 股價變動：HRL股價在週三盤前交易中下跌3.68%，至30.65美元。 下一個閱讀： Apple的iPhone 17基礎型號可能最終獲得這個高度要求的“專業”功能

以上內容來自Benzinga Earnings專欄，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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