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Hormel Foods Corporation  (HRL)
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Hormel Foods's

Competitiveness


 

HRL Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Hormel Foods reported Total Revenue increase in the 2 quarter 2021 by 20.25 % year on year.
The sales growth was above Hormel Foods's competitors average revenue growth of 11.14 %, recorded in the same quarter.

List of HRL Competitors

With net margin of 6.18 % company reported lower profitability than its competitors.

More on HRL Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Hormel Foods Corporation Net Income in 2 quarter 2021 declined year on year by -12.88 %, despite income growth by most of its competitors

<<  More on HRL Income Comparisons


Hormel Foods's Comment on Competitors and Industry Peers


The production and sale of meat and food products in the United States and internationally are highly competitive. The Company competes with manufacturers of pork and turkey products, as well as national and regional producers of other meat and protein sources, such as beef, chicken, fish, and peanut butter. The Company believes that its largest domestic competitors for its Refrigerated Foods segment were Tyson Foods, Inc. and Smithfield Foods, Inc.; for its Grocery Products segment, ConAgra Foods, Inc., General Mills, Inc., Campbell Soup Co., and J. M. Smucker Co.; and for JOTS, Cargill, Inc. and Butterball, LLC.

All segments compete on the basis of price, product quality and attributes, brand identification, breadth of product line, and customer service. Through aggressive marketing and strong quality assurance programs, the Company’s strategy is to provide higher quality products that possess strong brand recognition, which would then support higher value perceptions from customers.

The Company competes using this same strategy in international markets around the world.



  

Overall company Market Share Q2 2021

Due to strong revenue growth of 20.25 % in Overall company Hormel Foods Corporation improved its market share, to approximate 2.69 %.



<<  More on HRL Market Share.
 

*Market share calculated with total revenue.


HRL's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Hormel Foods Corporation 10,352 23,463 862 20,400
Conagra Brands Inc 11,601 15,181 1,207 32,900
The Clorox Company 7,231 21,609 445 7,700
Campbell Soup Company 8,476 12,705 1,002 19,400
Ingredion Inc 6,732 6,531 173 1,100
J and j Snack Foods Corp 1,145 2,727 56 2,300
Kraft Foods Group, Inc. 31,893 0 2,715 22,100
Lancaster Colony Corporation 1,510 4,336 136 2,700
Mccormick and Co Inc 6,146 23,096 759 10,000
Mamamancini s Holdings Inc 36 79 1 500
Omega Protein Corp 342 494 19 627
Trident Brands Incorporated 0 1 50 1
Treehouse Foods Inc 4,339 2,155 51 5,880
Zivo Bioscience Inc 0 32 -8 2
Agritech Worldwide, Inc. 0 0 0 14
Renmin Tianli Group, Inc. 28 14 1 310
Kellogg Company 14,225 21,829 1,269 29,790
Kraft Heinz Co 26,272 43,272 2,313 42,000
Pinnacle Foods Inc. 13 7,987 34 4,300
Planet Green Holdings Corp 17 34 -7 0
Pilgrim s Pride Corporation 13,857 6,901 -5 29,100
Seaboard Corporation 8,755 4,529 714 10,772
Smithfield Foods Inc 0 0 0 50,236
Sara Lee Corporation 0 0 0 0
Tyson Foods Inc 47,049 29,608 3,060 124,000
U s Premium Beef Llc 0 0 298 8,400
Amplify Snack Brands, Inc. 339 922 11 45
B and g Foods inc 1,995 1,998 84 2,003
Bridgford Foods Corporation 228 105,654 0 507
Chase General Corp 3 0 0 19
Dupont De Nemours Inc 17,634 40,258 6,519 63,000
Dean Foods Co 7,329 4 -466 0
Flowers Foods Inc 4,370 5,641 223 10,900
General Mills Inc 18,303 38,579 2,338 42,000
Hershey Co 8,830 36,991 1,434 20,800
Landec Corporation 537 255 -31 522
Mondel z International Inc 28,360 85,162 4,451 104,000
Mead Johnson Nutrition Co 7,341 18,307 653 7,200
Mannatech Incorporated 159 78 8 290
Natural Alternatives International Inc 177 83 12 177
Nutraceutical International Corp 240 387 14 810
Pepsico Inc 76,681 223,823 8,197 271,000
Procter and Gamble Co 79,242 377,361 15,521 110,000
Post Holdings Inc 6,227 6,691 207 8,700
Rocky Mountain Chocolate Factory Inc 31 55 3 300
Seneca Foods Corporation 1,396 484 113 0
The J M Smucker Company 7,905 14,198 768 7,370
Inventure Foods, Inc. 192 79 -67 1,100
Synutra International, Inc. 345 0 24 2,600
Tootsie Roll Industries Inc 561 2,153 70 0
SUBTOTAL 468,441 1,185,745 55,232 1,077,875


       
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