Hormel Foods Corporation: Growth In Foodservice & International Performance Warrants A Bullish Rating? 

Hormel Foods Corporation, a multinational manufacturer of food and meat products, delivered solid performance in the first half of the year, with consecutive quarters of better-than-expected earnings, a major improvement in operating cash flows, and strength in the food services segment. The company has seen a recovery in its international business, achieved stability in overall volumes, and made progress on its strategic initiatives aimed at propelling long-term growth and shareholder returns. The corporation, best known for its SPAM, Hormel, and Black Label foods, is on track to meet its three-year improvement targets. The company has focused on minimizing complexity, reducing costs, and driving savings, thereby leading to a notable uplift in gross profit in both the second quarter and the first half of the year.