earnings
confidence high
sentiment positive
materiality 0.75
Hormel Q3 adjusted EPS $0.37, raises FY26 adjusted EPS guidance to $1.45-$1.51
HORMEL FOODS CORP /DE/
- Q3 net sales $2.96B, organic net sales -2%; adjusted EPS $0.37 vs prior year.
- Raises FY26 adjusted EPS guidance to $1.45-$1.51 (6-10% growth); narrows net sales to $12.1-12.2B.
- Brazil divestiture closed; Q3 includes $56M loss, $48M Indonesia impairment, $38M litigation settlement.
- Foodservice organic net sales +2% (12th consecutive quarter); Retail organic net sales -3%.
- Cash flow from ops $241M (+54% YoY); returned $161M dividends.