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U.S. Food Industry Analysis

UpdatedSep 03, 2025
DataAggregated Company Financials
Companies145
  • 7D-1.5%
  • 3M-0.4%
  • 1Y-15.4%
  • YTD-4.2%

Over the last 7 days, the Food industry has dropped 1.5%, driven by declines in Hormel Foods and Kraft Heinz of 13% and 6.1%, respectively. Overall the industry is down 15% in 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Sep 2025US$449.2bUS$554.1bUS$16.0b20.6x28.1x0.8x
Fri, 01 Aug 2025US$452.7bUS$548.6bUS$16.4b20.1x27.5x0.8x
Sun, 29 Jun 2025US$442.1bUS$548.9bUS$23.2b19.1x19.1x0.8x
Tue, 27 May 2025US$426.1bUS$468.1bUS$22.5b18.4x18.9x0.9x
Thu, 24 Apr 2025US$446.2bUS$472.3bUS$24.9b17.2x17.9x0.9x
Sat, 22 Mar 2025US$438.6bUS$471.5bUS$24.3b17.1x18x0.9x
Mon, 17 Feb 2025US$435.1bUS$475.9bUS$25.7b19.3x16.9x0.9x
Wed, 15 Jan 2025US$426.3bUS$461.7bUS$21.1b20x20.2x0.9x
Fri, 13 Dec 2024US$465.3bUS$464.4bUS$21.6b21.3x21.5x1x
Sun, 10 Nov 2024US$470.5bUS$460.5bUS$21.8b18.7x21.6x1x
Tue, 08 Oct 2024US$487.9bUS$462.2bUS$22.6b18.4x21.6x1.1x
Thu, 05 Sep 2024US$495.5bUS$461.5bUS$22.2b20.5x22.3x1.1x
Sat, 03 Aug 2024US$476.1bUS$461.4bUS$21.6b19.4x22x1x
Mon, 01 Jul 2024US$457.1bUS$473.3bUS$25.1b15.6x18.2x1x
Wed, 29 May 2024US$479.4bUS$474.0bUS$24.3b17.2x19.7x1x
Fri, 26 Apr 2024US$485.6bUS$475.9bUS$24.5b16.9x19.8x1x
Sun, 24 Mar 2024US$486.2bUS$473.0bUS$24.7b15.3x19.7x1x
Tue, 20 Feb 2024US$465.5bUS$478.2bUS$24.9b14.8x18.7x1x
Thu, 18 Jan 2024US$493.4bUS$489.9bUS$25.4b16x19.4x1x
Sat, 16 Dec 2023US$490.8bUS$490.1bUS$25.5b16.7x19.3x1x
Mon, 13 Nov 2023US$471.9bUS$490.1bUS$26.5b16x17.8x1x
Wed, 11 Oct 2023US$468.3bUS$494.5bUS$26.4b17.1x17.8x0.9x
Fri, 08 Sep 2023US$501.7bUS$491.3bUS$26.4b15.5x19x1x
Sun, 06 Aug 2023US$542.2bUS$491.0bUS$27.4b17.3x19.8x1.1x
Tue, 04 Jul 2023US$547.8bUS$499.6bUS$26.6b17.4x20.6x1.1x
Thu, 01 Jun 2023US$548.0bUS$499.2bUS$27.6b18.1x19.8x1.1x
Sat, 29 Apr 2023US$578.8bUS$497.7bUS$29.3b18.7x19.7x1.2x
Mon, 27 Mar 2023US$546.6bUS$494.3bUS$27.8b18.1x19.7x1.1x
Wed, 22 Feb 2023US$551.4bUS$492.3bUS$27.9b19x19.8x1.1x
Fri, 20 Jan 2023US$541.2bUS$486.7bUS$28.1b18.2x19.3x1.1x
Sun, 18 Dec 2022US$560.8bUS$485.2bUS$27.7b18.5x20.3x1.2x
Tue, 15 Nov 2022US$544.6bUS$484.5bUS$28.4b19.3x19.1x1.1x
Thu, 13 Oct 2022US$520.5bUS$472.5bUS$29.0b18.1x17.9x1.1x
Sat, 10 Sep 2022US$544.3bUS$471.6bUS$28.8b19x18.9x1.2x
Price to Earnings Ratio

18.9x


Total Market Cap: US$544.3bTotal Earnings: US$28.8bTotal Revenue: US$471.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 19.8x202320242025
Current Industry PE
  • Investors are optimistic on the American Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.1x which is higher than its 3-year average PE of 19.8x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 18% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market-0.67%
Consumer Staples0.43%
Food-1.47%
Packaged Foods and Meats-1.37%
Agricultural Products-2.09%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 15.9%, which is higher than its past year's earnings growth of 0.6% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 0.6% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 14% 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
HSY HersheyUS$185.781.3%
+US$482.5m		-5.9%PE24.6x
SEB SeaboardUS$3.95k6.5%
+US$231.9m		25.4%PE27.3x
JBS JBSUS$16.110.8%
+US$97.7m		n/aPE5.9x
CALM Cal-Maine FoodsUS$116.010.9%
+US$49.5m		63.2%PE4.6x
GIS General MillsUS$49.320.1%
+US$37.4m		-32.1%PE11.5x

Latest News

MDLZ
US$61.79
Mondelez International
7D
-0.4%
1Y
-14.5%
TSN
US$56.54
Tyson Foods
7D
-1.2%
1Y
-12.8%
MAMA
US$9.13
Mama's Creations
7D
8.0%
1Y
12.7%
GIS
US$49.32
General Mills
7D
0.1%
1Y
-32.1%
KHC
US$26.02
Kraft Heinz
7D
-6.1%
1Y
-26.9%
INGR
US$128.43
Ingredion
7D
0.3%
1Y
-4.4%
HRL
US$25.03
Hormel Foods
7D
-13.0%
1Y
-24.5%
ADM
US$62.05
Archer-Daniels-Midland
7D
-1.2%
1Y
2.4%
VITL
US$51.90
Vital Farms
7D
1.3%
1Y
72.1%
K
US$78.94
Kellanova
7D
-1.1%
1Y
-1.5%
HSY
US$185.78
Hershey
7D
1.3%
1Y
-5.9%

Tariff Mitigation And New Reese's Product Will Create Opportunity

Analysts have raised Hershey’s price target to $184.64, citing strong Q2 results, improved long-term EPS guidance, robust category trends, and positive reaction to pricing and innovation initiatives, though some remain cautious on sector fundamentals and the incoming CEO’s limited public company track record. Analyst Commentary Bullish analysts increased price targets following Hershey's better-than-expected Q2 results, improved FY25 and FY26 adjusted EPS guidance, and the company's implementation of full-year tariffs.
JBS
US$16.11
JBS
7D
0.8%
1Y
n/a
MKC
US$68.80
McCormick
7D
-2.2%
1Y
-15.3%
CALM
US$116.01
Cal-Maine Foods
7D
0.9%
1Y
63.2%
BG
US$81.42
Bunge Global
7D
-4.1%
1Y
-18.0%
SEB
US$3,950.50
Seaboard
7D
6.5%
1Y
25.4%