secwatch.observer — SEC 8-K summary
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Issuer:     HORMEL FOODS CORP /DE/ (HRL)
CIK:        0000048465
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0000048465-26-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48465/000004846526000018/0000048465-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48465/000004846526000018/hrl-20260226.htm
  HTML page:      https://secwatch.observer/filing/0000048465-26-000018

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