HRL Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Hormel Foods delivered a sharply split fiscal third-quarter report, with strong top-line results failing to mask a significant profitability miss that rattled investors and prompted a steep guidance cut. Net sales rose 4.6% year-over-year to $3.03 bi… Read more Hormel Foods delivered a sharply split fiscal third-quarter report, with strong top-line results failing to mask a significant profitability miss that rattled investors and prompted a steep guidance cut. Net sales rose 4.6% year-over-year to $3.03 billion, edging past the $2.98 billion consensus by 1.63%, but adjusted diluted EPS of $0.35 fell well short of the $0.41 analysts had expected, a miss of 15.05% that interim CEO Jeff Ettinger openly called "disappointing." The culprit was broad-based commodity input cost inflation, which overwhelmed volume gains across all three business segments, leaving retail, foodservice, and international divisions each posting profit declines despite growing their top lines. Ettinger, who recently rejoined the company, cited the headwinds as industry-wide, and some market observers have been blunt in noting Hormel's limited pricing power given its commodity-exposed portfolio. Looking ahead, the company slashed its full-year adjusted diluted EPS guidance to $1.43 to $1.45 from a prior range of $1.58 to $1.68, warning that meaningful profit recovery will likely extend into next fiscal year.