HRL Q4 2025 Earnings
Reported Dec 3, 2025 at 5:37 PM ET · SEC Source
Q4 25 EPS
$0.32
BEAT +6.67%
Est. $0.30
Q4 25 Revenue
$3.19B
MISS 1.16%
Est. $3.22B
vs S&P Since Q4 25
-13.3%
TRAILING MARKET
HRL -8.0% vs S&P +5.3%
Full Year 2025 Results
FY 25 EPS
$1.37
BEAT +0.34%
Est. $1.37
FY 25 Revenue
$12.11B
MISS 0.31%
Est. $12.14B
Market Reaction
Did HRL Beat Earnings? Q4 2025 Results
Hormel Foods delivered a mixed fourth quarter of fiscal 2025, edging past earnings expectations while falling just short on revenue as persistent commodity inflation and a notable impairment charge clouded an otherwise resilient top-line performance.… Read more Hormel Foods delivered a mixed fourth quarter of fiscal 2025, edging past earnings expectations while falling just short on revenue as persistent commodity inflation and a notable impairment charge clouded an otherwise resilient top-line performance. On an adjusted basis, the company posted diluted EPS of $0.32, ahead of the $0.30 consensus estimate by 6.67%, though down from $0.42 in the year-ago period as elevated input costs across key protein categories squeezed margins. Net sales rose 1.5% year over year to $3.19 billion, marginally below the $3.22 billion consensus, with organic growth of 2% driven largely by Foodservice strength in branded bacon, pepperoni, and the Jennie-O turkey portfolio. A $234 million non-cash impairment charge tied to international investments and certain retail intangibles pushed GAAP results to a loss, a dynamic not unique to packaged food peers navigating this environment. Looking ahead, Hormel guided fiscal 2026 adjusted EPS of $1.43 to $1.51, representing 4% to 10% growth, with commodity relief and restructuring benefits expected to build through the year.
Key Takeaways
- • Turkey portfolio strength across Retail and Foodservice segments
- • Planters snack nuts and Applegate products drove Retail growth
- • Broad-based organic net sales growth in Foodservice from customized solutions, branded bacon, pepperoni, and premium prepared proteins
- • Continued growth in China market for International segment
- • Non-cash impairment charges of $234 million significantly impacted GAAP results
- • Elevated commodity input costs pressured profitability across all segments
- • Chicken-product recall negatively impacted Foodservice segment profit
HRL YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
HRL Revenue by Segment
With YoY comparisons, source: SEC Filings
“We finished fiscal 2025 with another quarter of solid top-line growth, driven by the continued relevance of our brands and the strength of our value-added portfolio. Despite this momentum, profitability remained challenged due to persistent input cost inflation and discrete items. We have taken decisive actions to improve profitability, including targeted pricing initiatives, reductions in administrative expenses, and continued investment in our Transform and Modernize (T&M) initiative. These efforts are laying a solid foundation for improved earnings performance in fiscal 2026.”
— Jeff Ettinger, Q4 2025 Earnings Press Release
HRL Earnings Trends
HRL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HRL EPS Trend
Earnings per share: estimate vs actual
HRL Revenue Trend
Quarterly revenue: estimate vs actual
HRL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.32 | $0.34 | +6.12% | $3.03B | -1.00% |
| Q4 25 BEAT FY | $0.30 | $0.32 | +6.67% | $3.19B | -1.16% |
| FY Full Year | $1.37 | $1.37 | +0.34% | $12.11B | -0.31% |
| Q3 25 MISS | $0.41 | $0.35 | -15.05% | $3.03B | +1.63% |
| Q2 25 BEAT | $0.34 | $0.35 | +2.16% | $2.90B | -0.16% |