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Hormel Foods to Launch Froyo-Based SKIPPY Peanut Butter

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Hormel Foods CorporationHRL recently joined forces with Menchie's for providing its consumers a new variety of flavored SKIPPY peanut butter in the new year.

Over the last three months, shares of this Zacks Rank #3 (Hold) company yielded a return of 15.1%, outperforming 9.3% growth recorded by the industry .

The company is currently plagued with certain industry-specific headwinds such as price inflation of major inputs (beef trim and pork bellies) and plunge in turkey prices. However, it is battling these headwinds with strategic acquisitions and product-portfolio solidification. Notably, after successfully buying the assets of Columbus Manufacturing, Inc. in December 2017, Hormel Foods raised its earnings and revenue guidance for fiscal 2018 (ending October 2018).

Inside the Headlines

Menchie's is a premium American frozen yogurt-producing company. The company offers froyos with different types of toppings and yogurt flavors.

Hormel Foods' SKIPPY peanut butter is long lasting, less sticky and comes in different types of flavors. However, the company's aforementioned limited-edition variation of peanut butter - Menchie's Peanut Butter Brownie - will include chocolate-flavored brownie of frozen yogurt. The product, which will contain real cocoa powder, will not have any artificial colors or flavors. Moreover, any sort of partly hydrogenated oils or high fructose-based corn syrup will not be included in the froyo-based peanut butter.

The company stated that its latest flavored peanut butter will be available in all the U.S.-based Menchie's stores from the end of this January.

Stocks to Consider

Some better-ranked stocks in the food industry are listed below:

Pilgrim's Pride Corporation PPC currently sports a Zacks Rank of 1 (Strong Buy). The company has pulled off an average positive earnings surprise of 1.53% for the last four quarters. You can see the complete list of today's Zacks #1 Rank stocks here .

Flowers Foods, Inc. FLO carries a Zacks Rank of 2 (Buy). The company has generated an average positive earnings surprise of 2.79%for the preceding four quarters.

Lamb Weston Holdings Inc. LW also holds a Zacks Rank of 2. It has recorded an average positive earnings surprise of 11.02% during the same time frame.

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Hormel Foods Corporation (HRL): Free Stock Analysis Report

Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report

Flowers Foods, Inc. (FLO): Free Stock Analysis Report

Lamb Weston Holdings Inc. (LW): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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