HRL Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Hormel Foods posted a mixed but fundamentally steady first quarter of fiscal 2026, delivering an adjusted diluted EPS of $0.34 against a consensus estimate of $0.32, a 6.12% beat, while revenue of $3.03 billion edged 1.3% higher year-over-year but fe… Read more Hormel Foods posted a mixed but fundamentally steady first quarter of fiscal 2026, delivering an adjusted diluted EPS of $0.34 against a consensus estimate of $0.32, a 6.12% beat, while revenue of $3.03 billion edged 1.3% higher year-over-year but fell just short of the $3.06 billion analysts had expected. The profit picture was shaped largely by a sharp divergence between segments: Foodservice notched its 10th consecutive quarter of organic growth, with segment profit climbing 13%, while Retail remained a drag as organic net sales slipped 2% and segment profit fell 19%, pressured by the company's deliberate exit from non-core private label snack nut items and rising input costs. Portfolio simplification, a strategy reshaping major food companies across the industry, remained central to Hormel's narrative, with the completed Justin's divestiture and a pending sale of its whole-bird turkey business expected to reduce fiscal 2026 sales by roughly $50 million. Management reaffirmed full-year adjusted diluted EPS guidance of $1.43 to $1.51 and raised its GAAP EPS outlook to $1.37 to $1.46.