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U.S. Food Industry Analysis

UpdatedMar 01, 2024
DataAggregated Company Financials
Companies145
  • 7D-0.09%
  • 3M0.5%
  • 1Y-9.7%
  • YTD-4.1%

The Food is pretty flat in the last 7 days, but Hormel Foods has stood out, gaining 17%. Unfortunately though, the industry is down 9.8% over the past 12 months. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

Has the U.S. Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Mar 2024US$471.1bUS$478.2bUS$24.9b15x18.9x1x
Sun, 28 Jan 2024US$487.1bUS$490.0bUS$25.5b16x19.1x1x
Tue, 26 Dec 2023US$489.0bUS$490.0bUS$25.5b16.7x19.2x1x
Thu, 23 Nov 2023US$479.2bUS$490.5bUS$25.6b15.8x18.7x1x
Sat, 21 Oct 2023US$455.3bUS$494.5bUS$26.4b16.6x17.3x0.9x
Mon, 18 Sep 2023US$509.2bUS$491.1bUS$26.4b18.8x19.3x1x
Wed, 16 Aug 2023US$526.3bUS$490.9bUS$26.3b16.5x20x1.1x
Fri, 14 Jul 2023US$537.6bUS$494.2bUS$26.2b17.1x20.5x1.1x
Sun, 11 Jun 2023US$550.9bUS$499.2bUS$26.7b17.3x20.6x1.1x
Tue, 09 May 2023US$580.3bUS$498.3bUS$28.7b17.7x20.2x1.2x
Thu, 06 Apr 2023US$564.5bUS$495.0bUS$28.0b18.2x20.1x1.1x
Sat, 04 Mar 2023US$543.6bUS$493.3bUS$28.1b17.9x19.4x1.1x
Mon, 30 Jan 2023US$542.9bUS$489.9bUS$28.3b17.9x19.2x1.1x
Wed, 28 Dec 2022US$567.6bUS$485.5bUS$27.6b18.3x20.5x1.2x
Fri, 25 Nov 2022US$569.0bUS$485.1bUS$27.7b20.5x20.6x1.2x
Sun, 23 Oct 2022US$527.1bUS$472.6bUS$29.0b19.1x18.2x1.1x
Tue, 20 Sep 2022US$531.8bUS$471.6bUS$28.8b19.1x18.5x1.1x
Thu, 18 Aug 2022US$564.6bUS$469.1bUS$29.1b19x19.4x1.2x
Sat, 16 Jul 2022US$527.1bUS$455.5bUS$28.2b16.8x18.7x1.2x
Mon, 13 Jun 2022US$532.2bUS$454.9bUS$28.1b17.9x18.9x1.2x
Wed, 11 May 2022US$566.8bUS$452.0bUS$27.5b19.8x20.6x1.3x
Fri, 08 Apr 2022US$573.4bUS$438.9bUS$25.9b25.9x22.1x1.3x
Sun, 06 Mar 2022US$561.2bUS$437.4bUS$26.1b23x21.5x1.3x
Tue, 01 Feb 2022US$547.7bUS$426.6bUS$27.2b21.7x20.1x1.3x
Thu, 30 Dec 2021US$538.0bUS$420.5bUS$27.5b20.6x19.6x1.3x
Sat, 27 Nov 2021US$510.7bUS$417.7bUS$27.5b21.6x18.6x1.2x
Mon, 25 Oct 2021US$524.1bUS$403.8bUS$25.9b23.4x20.2x1.3x
Wed, 22 Sep 2021US$508.2bUS$402.0bUS$26.2b20.9x19.4x1.3x
Fri, 20 Aug 2021US$522.8bUS$404.9bUS$26.0b18.4x20.1x1.3x
Fri, 04 Jun 2021US$555.4bUS$380.1bUS$23.2b22.1x24x1.5x
Mon, 08 Mar 2021US$480.4bUS$370.0bUS$20.9b20.2x23x1.3x
Price to Earnings Ratio

23x


Total Market Cap: US$480.4bTotal Earnings: US$20.9bTotal Revenue: US$370.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 19.9x202220232024
Current Industry PE
  • Investors are relatively neutral on the American Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.9x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 6.0% per year over the last three years.
  • Revenues for these companies have grown 9.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market0.43%
Consumer Staples0.25%
Food-0.09%
Packaged Foods and Meats-0.07%
Agricultural Products-0.23%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 21.9x.
    • Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings growth of 5.1% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 13.3x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 5.1% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings decline by 9.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HRL Hormel FoodsUS$35.3216.6%
+US$2.8b
-15.6%PE24.3x
FRPT FreshpetUS$113.0325.2%
+US$1.1b
80.7%PS7.1x
PPC Pilgrim's PrideUS$31.8410.7%
+US$729.3m
30.9%PE23.4x
TSN Tyson FoodsUS$54.242.2%
+US$409.8m
-8.2%PS0.4x
LANC Lancaster ColonyUS$206.926.9%
+US$368.0m
9.1%PE44.2x
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Latest News

KHC

US$35.28

Kraft Heinz

7D

-3.1%

1Y

-8.7%

HRL

US$35.32

Hormel Foods

7D

16.6%

1Y

-15.6%

LW

US$102.21

Lamb Weston Holdings

7D

-1.5%

1Y

-0.09%

GIS

US$64.18

General Mills

7D

-1.4%

1Y

-18.7%

BYND

US$10.69

Beyond Meat

7D

41.0%

1Y

-39.5%

INGR

US$117.63

Ingredion

7D

2.5%

1Y

17.4%

SJM

US$120.17

J. M. Smucker

7D

-3.3%

1Y

-19.1%

LANC

US$206.92

Lancaster Colony

7D

6.9%

1Y

9.1%

PPC

US$31.84

Pilgrim's Pride

7D

10.7%

1Y

30.9%

K

US$55.15

Kellanova

7D

-3.2%

1Y

-16.0%