Hormel Foods's Return on Invested Capital Insights
Portfolio Pulse from Benzinga Insights
Hormel Foods (NYSE:HRL) reported a loss in earnings since Q1, totaling $217.22 million, while sales increased by 0.2% to $2.98 billion during Q2. The company posted a Q2 Return on Invested Capital (ROIC) of 2.51%, suggesting effective capital allocation.
June 02, 2023 | 2:46 pm
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NEUTRAL IMPACT
Hormel Foods reported a Q2 loss in earnings, but sales increased by 0.2%. The company's Q2 ROIC of 2.51% suggests effective capital allocation.
Hormel Foods reported a loss in earnings since Q1, but sales increased by 0.2% during Q2. The company's Q2 ROIC of 2.51% suggests effective capital allocation, which is a positive indicator for the company's long-term success. However, ROIC is not a highly reliable predictor of a company's earnings or sales in the near future, so the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100