Highest-materiality recent filing
Hormel Foods Q1 adj EPS $0.34; organic net sales +2%; reaffirms adj FY26 EPS guidance
Q1 diluted EPS $0.33, adjusted $0.34; net sales $3.03B, organic net sales +2%.
Hormel Foods to cut ~250 corporate/sales roles, expects $20-25M restructuring charges
Plan eliminates about 250 corporate and sales roles; most departures by Dec 31, 2025.
Hormel Foods CFO Jacinth Smiley departs; Paul Kuehneman named interim CFO
CFO Jacinth Smiley left effective Oct 26, 2025; will remain employed until Nov 30, 2025.
Jeffrey M. Ettinger, former CEO (2006-2016), returns as Interim CEO until Oct 25, 2026; base salary $1.2M, one-time equity grant $7.2M.
the Board has appointed Mr. Jeffrey M. Ettinger as the Interim Chief Executive Officer of the Company (the 'Interim CEO') and Mr. John F. Ghingo as the President of the Company (the 'President'), in each case effective as of July 14, 2025.
James P. Snee, President and Chief Executive Officer ('CEO') of the Company will be retiring at the end of the Company's fiscal year 2025, which ends October 26, 2025.
The Board has also appointed Mr. Ghingo as a member of the Board, effective as of July 14, 2025.
the Board has appointed Mr. Jeffrey M. Ettinger as the Interim Chief Executive Officer of the Company (the 'Interim CEO') and Mr. John F. Ghingo as the President of the Company (the 'President'), in each case effective as of July 14, 2025.
James P. Snee, President and Chief Executive Officer ('CEO') of the Company will be retiring at the end of the Company's fiscal year 2025, which ends October 26, 2025.
On May 15, 2025, the Board of Directors (the Board) of Hormel Foods Corporation (the Company) elected D. Scott Aakre, the Company’s Group Vice President and Chief Marketing Officer – Retail, to the Board, effective the same date.
Max materiality 0.70 · Median 0.50 · Most common event earnings