The reaffirmed adjusted guidance and strong Foodservice/International performance provide stability, but Retail segment weakness warrants monitoring. The pending turkey business sale could impact future revenue by ~$50 million.
Price Chart
Executive Summary
Hormel Foods reported first-quarter fiscal 2026 results with $3.03 billion in net sales (up 1.3% YoY) and diluted EPS of $0.33. The company reaffirmed its adjusted full-year guidance, citing strong performance in Foodservice and International segments, while updating GAAP guidance to reflect the sale of the Justin's business. The Retail segment faced challenges with a 19% decline in segment profit.
Key Financial Metrics
Key Facts
- Q1 net sales: $3.03 billion (up 1.3% YoY), organic net sales up 2%
- Diluted EPS: $0.33 (adjusted: $0.34)
- Retail segment profit down 19% due to lower sales and higher costs
- Foodservice segment net sales up 7%, International up 8%
- Updated full-year GAAP EPS guidance to $1.37-$1.46 (from $1.29-$1.39), while reaffirming adjusted EPS guidance of $1.43-$1.51
- Sale of Justin's business finalized, with $23.5 million gain; whole-bird turkey business sale pending
Financial Impact
Revenue increased by $38.5 million YoY, with adjusted EPS up 3% YoY. Guidance update reflects $0.08 increase in GAAP EPS range due to Justin's sale.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Retail | $1.8B | -2.2% |
| Foodservice | $998.2M | +7.3% |
| International | $181.3M | +7.6% |
Risk Factors
- Retail segment profit decline due to lower sales and higher input costs
- Pending sale of whole-bird turkey business may affect future revenue
- Dependence on pricing actions to maintain profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000048465-26-000018 |
| Document: hrl-20260226.htm | 0000048465-26-000018 |
| Document: 0000048465-26-000018-index-headers.html | 0000048465-26-000018 |
| Document: 0000048465-26-000018-index.html | 0000048465-26-000018 |
| Document: 0000048465-26-000018.txt | 0000048465-26-000018 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Press Release | $21.28 $19.84 | ▲ +6.77% | ▲ +6.26% | $20.25 (+4.84%) |
Aug 24, 2026 5w ago | 8-K | $23.78 $19.92 | ▼ −16.23% | ▼ −17.21% | $20.25 (−14.84%) |
Aug 3, 2026 8w ago | Press Release | $25.34 $21.99 | ▼ −13.22% | ▼ −11.98% | $20.25 (−20.09%) |
Jul 28, 2026 9w ago | 8-K | $25.56 $23.78 | ▼ −6.96% | ▼ −10.35% | $20.25 (−20.77%) |
Jun 11, 2026 16w ago | Institutional Cluster | $24.44 $24.33 | ▲ +0.45% | ▲ +2.34% | $20.25 (+17.14%) |
Feb 26, 2026 31w ago | 8-K | $24.47 $22.53 | ▼ −7.94% | ▼ −1.53% | $20.25 (−17.25%) |
US Market Status
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