Hormel Foods Q1 adj EPS $0.34; organic net sales +2%; reaffirms adj FY26 EPS guidance

HORMEL FOODS CORP /DE/

2026-Q1 EPS reported $0.33 revenue$3,027,317,000

Q1 diluted EPS $0.33, adjusted $0.34; net sales $3.03B, organic net sales +2%.
Retail segment profit down 19% (volume -6%); Foodservice profit +13% (net sales +7%); International profit +10% (net sales +8%).
Reaffirms FY26 adj. EPS $1.43-$1.51 (4-10% growth); updates GAAP EPS to $1.37-$1.46 from $1.29-$1.39.
Gain of $23.5M on sale of Justin's; agreement to sell whole-bird turkey business, closing Q2, net sales reduction ~$50M.
Cash flow from ops $349M; dividends $160M; capex $69M.

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