Hormel Q2 adjusted EPS $0.40 (+10%+); net sales $2.97B; reaffirms FY adjusted EPS $1.43-1.51

HORMEL FOODS CORP /DE/

GAAP EPS $0.29 includes $61M loss on sale of whole-bird turkey business; adjusted EPS $0.40 up double-digit.
Organic net sales +3% with all three segments reporting profit growth: Retail +13%, Foodservice +11%, International +20%.
FY GAAP EPS guidance cut to $1.28-1.37 from $1.37-1.46 due to divestiture loss; adjusted EPS guidance reaffirmed $1.43-1.51.
Operating cash flow $179M, capex $82M; returned $161M to shareholders via dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HORMEL FOODS CORP /DE/ reported the second quarter ended April 26, 2026 results: revenue $2.97 billion, EPS $0.29.

Period: the second quarter ended April 26, 2026
Revenue: $2.97 billion
EPS: $0.29
Result: reported results

Exact text from the filing

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2026, which ended April 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — SECOND QUARTER • Net sales of $2.97 billion; organic net sales 1 up 3% • Operating income of $217 million; a djusted operating income 1 of $294 million • Operating margin of 7.3% ; adjusted operating margin 1 of 9.9% • Earnings before income taxes of $206 million; a djusted earnings before income taxes 1 of $283 million • Diluted earnings per share of $0.29; a djusted diluted earnings per share 1 of $0.40 • Cash flow from operations of $179 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HORMEL FOODS CORP /DE/ reported fiscal year 2026 results: revenue $12.2 billion to $12.5 billion, EPS $1.28 to $1.37. Guidance lowered.

Period: fiscal year 2026
Revenue: $12.2 billion to $12.5 billion
EPS: $1.28 to $1.37
Guidance: lowered
Result: guidance update

Exact text from the filing

FULL YEAR FISCAL 2026 GUIDANCE For fiscal 2026, the Company: • Reaffirms net sales in the range of $12.2 billion to $12.5 billion and organic net sales 1 growth of 1% to 4% • Updates operating income guidance to be in the range of $0.96 billion to $1.02 billion, which includes the loss on the sale of the whole-bird turkey business • Reaffirms adjusted operating income 1 to be in the range of $1.06 billion to $1.12 billion, reflecting growth of 4% to 10% • Updates diluted earnings per share guidance to be in the range of $1.28 to $1.37 • Reaffirms adjusted diluted earnings per share 1 to be in the range of $1.43 to $1.51, reflecting growth of 4% to 10%

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HORMEL FOODS CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000048465-26-000024

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