Hormel Foods Corporation (HRL)

Hormel Foods Corporation to Participate in Oppenheimer 26th Annual Consumer Growth & E-Commerce ConferenceJune 2, 2026 7:00 PM
PR Newswire (US) AUSTIN, Minn., June 2, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that John Ghingo, president, and Paul Kuehneman, interim chief financial officer and controller, will participate in a fireside chat at the virtual Oppenheimer 26th Annual Consumer Growth & E-Commerce Conference on Monday, June 8, 2026. A webcast of the fireside chat is scheduled to begin at 9:00 a.m. ET (8:00 a.m. CT). The live webcast and replay of the event can be accessed on the company's investor website, investor.hormelfoods.com.About Hormel Foods 
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Investor Relations 
ir@hormel.comMedia Relations 
media@hormel.com View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-to-participate-in-oppenheimer-26th-annual-consumer-growth--e-commerce-conference-302789311.htmlSOURCE Hormel Foods Corporation Original: Hormel Foods Corporation to Participate in Oppenheimer 26th Annual Consumer Growth & E-Commerce Conference

Hormel Foods shares rise nearly 4% after earnings beat and continued sales momentum (HRL)May 28, 2026 8:44 AM
IH Market News Hormel Foods Corporation (NYSE:HRL) posted better-than-expected second-quarter results on Thursday, helping lift shares 3.74% in premarket trading as investors reacted positively to signs that the company’s turnaround efforts are gaining momentum. The food producer reported adjusted earnings per share of $0.40, ahead of analyst expectations of $0.36. Quarterly revenue came in at $2.97 billion, slightly above the consensus estimate of $2.96 billion and up 2.5% from $2.90 billion in the same period last year. Hormel recorded its sixth consecutive quarter of organic sales growth, with organic net sales increasing 3% during the quarter. The company said each of its three operating segments generated both sales growth and higher segment profit. “We delivered strong second quarter results marked by profitable growth and improved performance,” said Jeff Ettinger, interim chief executive officer. “We achieved our sixth consecutive quarter of organic top-line growth, expanded gross margins, and attained double-digit growth in adjusted earnings. This was an excellent quarter and gives us even greater confidence in our ability to deliver our full-year outlook.” For fiscal 2026, Hormel reaffirmed its adjusted EPS guidance range of $1.43 to $1.51. The midpoint of $1.47 is above analyst expectations of $1.45. The company also maintained its full-year revenue forecast of $12.2 billion to $12.5 billion. The midpoint of $12.35 billion exceeded the consensus estimate of $12.29 billion. Hormel’s Foodservice division delivered the strongest performance during the quarter, with net sales rising 6% and organic net sales climbing 7%. The segment has now achieved 11 consecutive quarters of organic growth. Within the Retail business, net sales were unchanged from a year earlier, though segment profit increased 13%. The International segment posted a 20% increase in segment profit, supported by strong export demand. Hormel Foods stock price Original: Hormel Foods shares rise nearly 4% after earnings beat and continued sales momentum (HRL)

HORMEL FOODS REPORTS STRONG SECOND QUARTER FISCAL 2026 RESULTSMay 28, 2026 6:30 AM
PR Newswire (US) Company Delivers Sixth Consecutive Quarter of Organic Top-Line Growth, GAAP EPS of $0.29 and Double-Digit Growth in Adjusted EPS1AUSTIN, Minn., May 28, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2026, which ended April 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — SECOND QUARTERNet sales of $2.97 billion; organic net sales1 up 3%Operating income of $217 million; adjusted operating income1 of $294 millionOperating margin of 7.3%; adjusted operating margin1 of 9.9%Earnings before income taxes of $206 million; adjusted earnings before income taxes1 of $283 millionDiluted earnings per share of $0.29; adjusted diluted earnings per share1 of $0.40Cash flow from operations of $179 millionEXECUTIVE COMMENTARY"We delivered strong second quarter results marked by profitable growth and improved performance," said Jeff Ettinger, interim chief executive officer. "We achieved our sixth consecutive quarter of organic top-line growth, expanded gross margins, and attained double-digit growth in adjusted earnings.1 This was an excellent quarter and gives us even greater confidence in our ability to deliver our full-year outlook.""Our teams are executing at a high level across the organization, driving impressive performance from our protein-centric portfolio," said John Ghingo, president. "Each segment delivered both net sales and segment profit growth in the second quarter, reflecting broad-based strength across the business and the impact of our strategy. We are encouraged by our results and confident in how the business is performing."FULL YEAR FISCAL 2026 GUIDANCEFor fiscal 2026, the Company:Reaffirms net sales in the range of $12.2 billion to $12.5 billion and organic net sales1 growth of 1% to 4%Updates operating income guidance to be in the range of $0.96 billion to $1.02 billion, which includes the loss on the sale of the whole-bird turkey business Reaffirms adjusted operating income1 to be in the range of $1.06 billion to $1.12 billion, reflecting growth of 4% to 10%Updates diluted earnings per share guidance to be in the range of $1.28 to $1.37Reaffirms adjusted diluted earnings per share1 to be in the range of $1.43 to $1.51, reflecting growth of 4% to 10%
UpdatedPreviousNet Sales$12.2 - $12.5 billion$12.2 - $12.5 billionOrganic Net Sales1 Growth Rate1% - 4%1% - 4%Diluted Earnings per Share$1.28 - $1.37$1.37 - $1.46Adj. Diluted Earnings per Share1$1.43 - $1.51$1.43 - $1.51PORTFOLIO SHAPINGDuring the second quarter of fiscal 2026, the Company completed the previously announced sale of its whole-bird turkey business. This divestiture underscores the Company's ongoing strategic shift toward expanding its value-added protein portfolio and reducing exposure to more volatile, commodity-driven businesses.The expected impacts of the transaction are reflected in the Company's updated fiscal 2026 guidance ranges. The Company continues to expect the transaction to result in an approximate $50 million reduction in fiscal 2026 reported net sales and minimal impact to adjusted diluted earnings per share.¹ Beginning in fiscal 2027, the impact of the divestiture will be excluded from year-over-year comparisons in the Company's non-GAAP organic volume and organic net sales metrics.SEGMENT HIGHLIGHTS – SECOND QUARTERRetailVolume down 2%; organic volume1 down 2%Net sales flat; organic net sales1 up 1%Segment profit up 13%Organic net sales1 grew in the second quarter of fiscal 2026, as strong performance in Jennie-O® ground turkey was partially offset by the strategic exit from select non-core private label snack nut items. Other priority brands such as Applegate® natural and organic meats, Hormel® Black Label® bacon, the Herdez® portfolio, and Hormel Gatherings® party trays contributed to organic net sales1 growth in the quarter. Segment profit increased as higher organic net sales,1 improved performance across the turkey manufacturing network, and lower selling, general and administrative expenses were partially offset by inflationary pressures in the logistics network.FoodserviceVolume up 1%; organic volume1 up 1%Net sales up 6%; organic net sales1 up 7%Segment profit up 11%Second quarter organic net sales1 for the Foodservice segment was up 7%, marking the 11th consecutive quarter of organic net sales1 growth for the segment. Organic volume1 also increased. Net sales growth was driven by strong performance across multiple product groups and categories, led by significant contributions from the customized solutions business, branded pepperoni, and premium prepared proteins. Branded products such as Hormel® Natural Choice® meats, Austin Blues® smoked meats, Jennie-O® turkey and Fontanini® Italian meats also delivered strong net sales results. Segment profit increased for the second quarter of fiscal 2026, primarily driven by net sales performance, which benefited from market-based pricing actions and modest volume growth, despite a challenging operating environment. Segment profit also benefited from improved performance across the turkey manufacturing network.InternationalVolume up 1%; organic volume1 up 1%Net sales up 4%; organic net sales1 up 5%Segment profit up 20%For the International segment, organic volume1 and organic net sales1 grew in the second quarter of fiscal 2026. Organic net sales1 growth was driven by strong results from SPAM® luncheon meat exports and our in-country China business. International segment profit increased in the second quarter of fiscal 2026, primarily due to strong export performance and growth in China.ADDITIONAL FINANCIAL DETAILS – SECOND QUARTER FISCAL 2026Income StatementOperating margin and adjusted operating margin1 were 7.3% and 9.9%, respectively, compared to 8.6% and 9.1%, respectively, in the prior year.Selling, general and administrative expenses as a percent of net sales and adjusted selling, general and administrative expenses as a percent of net sales1 were 10.7% and 8.2%, respectively, compared to 8.7% and 8.2%, respectively, in the prior year.The loss on the sale of the whole-bird turkey business, including transaction costs, was $61 million.Advertising investments were $34 million, compared to $36 million last year.The effective tax rate was 23.6%, compared to 22.0% last year.Cash Flow StatementCash flow from operations was $179 million.Capital expenditures were $82 million, compared to $75 million last year. The largest projects in the second quarter of fiscal 2026 were related to investments in data and technology, and infrastructure enhancements.Depreciation and amortization expense was $69 million, compared to $64 million last year.The Company returned $161 million to stockholders during the quarter through dividends.Balance SheetThe Company remained in a strong financial position at quarter end, with ample liquidity and a conservative level of debt.Cash on hand was $827 million at quarter end, an increase of $156 million from the end of fiscal 2025.Inventories at quarter end were $1.8 billion, comparable to the end of fiscal 2025.PRESENTATION
A conference call will be webcast at 8 a.m. CT on May 28, 2026. Access is available at hormelfoods.com by clicking on "Investors." The call will also be available via telephone by dialing 800-549-8228 (toll free) or 646-564-2877 (international) and providing the conference ID 46321. An audio replay is available at hormelfoods.com. The webcast replay will be available at noon CT, May 28, 2026, and will remain on the website for one year.ABOUT HORMEL FOODS
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which are based on the Company's current assumptions and expectations. These statements are typically accompanied by the words "aim," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "seek," "target," "will," "would," or similar words or expressions. The principal forward-looking statements in this news release include statements regarding the Company's fiscal 2026 guidance and future financial and operational performance.All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although the Company believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors that could cause the Company's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that the Company may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and the Company's recent corporate restructuring plan; risk of the Company's inability to protect information technology (IT) systems against, or effectively respond to, cyberattacks, security breaches or other IT interruptions; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company's products; risks related to the Company's ability to respond to changing consumer preferences; damage to the Company's reputation or brand image; risks of litigation; risks associated with trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at hormelfoods.com in the "Investors" section. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company cautions that other factors may in the future prove to be important in affecting the Company's business or results of operations. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement except as otherwise required by law.Note: Due to rounding, numbers presented throughout this press release may not sum precisely to the totals provided, and percentages may not precisely reflect the absolute figures.Reclassifications: Certain prior year amounts have been reclassified to conform to the current year presentation.END NOTES1Non-GAAP measure. See Appendix: Non-GAAP Measures to this news release for more information.INVESTOR CONTACT
Jess Blomberg
ir@hormel.comMEDIA CONTACT
Laura Cederberg
media@hormel.comHORMEL FOODS CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONSIn thousands, except per share amountsUnaudited


Quarter Ended
Six Months Ended

April 26,
2026
April 27,
2025
April 26,
2026
April 27,
2025Net Sales
$ 2,972,600
$ 2,898,810
$ 5,999,917
$ 5,887,623Cost of Products Sold
2,454,093
2,414,377
5,011,835
4,927,957Gross Profit
518,507
484,433
988,082
959,666Selling, General, and Administrative
318,624
251,432
560,322
514,445Equity in Earnings of Affiliates
17,229
15,350
33,049
31,461Operating Income
217,112
248,352
460,809
476,682Interest Income
6,479
6,176
13,007
13,719Interest Expense
19,822
19,516
39,550
38,977Other Income (Expense), Net
2,294
(4,523)
6,109
(2,862)Earnings Before Income Taxes
206,063
230,489
440,375
448,561Provision for Income Taxes
48,685
50,747
101,227
98,289Effective Tax Rate
23.6 %
22.0 %
23.0 %
21.9 %Net Earnings
157,378
179,742
339,147
350,272Less: Net Earnings (Loss) Attributable
     to Noncontrolling Interest
(96)
(275)
(127)
(320)Net Earnings Attributable to Hormel
Foods Corporation
$    157,474
$    180,017
$    339,274
$    350,592








Net Earnings Per Share:







Basic
$          0.29
$          0.33
$          0.62
$          0.64Diluted
$          0.29
$          0.33
$          0.62
$          0.64








Weighted-average Shares
Outstanding:







Basic
550,562
550,277
550,520
549,868Diluted
550,915
550,611
550,810
550,233








Dividends Declared Per Share
$      0.2925
$      0.2900
$      0.5850
$      0.5800 HORMEL FOODS CORPORATIONCONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITIONIn thousandsUnaudited


April 26, 2026
October 26, 2025AssetsCash and Cash Equivalents
$              826,750
$              670,679Short-term Marketable Securities
33,107
32,909Accounts and Other Receivables, Net
760,073
813,989Inventories
1,750,914
1,747,279Taxes Receivable
58,760
96,791Prepaid Expenses and Other Current Assets
64,006
44,010Total Current Assets
3,493,610
3,405,656




Goodwill
4,871,935
4,924,087Intangible Assets
1,585,631
1,647,297Pension Assets
206,699
211,826Investments in Affiliates
568,549
533,984Other Assets
451,769
431,500Property, Plant, and Equipment, Net
2,166,093
2,238,770Total Assets
$         13,344,286
$         13,393,119









Liabilities and Shareholders' InvestmentAccounts Payable & Accrued Expenses
$              748,107
$              787,350Accrued Marketing Expenses
122,512
113,947Employee-related Expenses
241,533
273,402Interest and Dividends Payable
182,246
180,700Taxes Payable
3,059
18,752Current Maturities of Long-term Debt
505,335
6,646Total Current Liabilities
1,802,791
1,380,796




Long-term Debt Less Current Maturities
2,351,004
2,850,778Pension and Postretirement Benefits
353,569
358,984Deferred Income Taxes
657,431
661,349Other Long-term Liabilities
215,615
225,397Accumulated Other Comprehensive Loss
(227,991)
(243,646)Other Shareholders' Investment
8,191,867
8,159,461Total Liabilities and Shareholders' Investment
$         13,344,286
$         13,393,119 HORMEL FOODS CORPORATIONCONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWSIn thousandsUnaudited


Quarter Ended
Six Months Ended

April 26,
2026
April 27,
2025
April 26,
2026
April 27,
2025Operating Activities







Net Earnings
$      157,378
$      179,742
$      339,147
$      350,272Depreciation and Amortization
68,826
63,963
135,921
129,835Decrease (Increase) in Working Capital,
     Net of Divestitures
(108,234)
(203,831)
2,285
(159,167)Loss (Gain) on Sale of Business
60,214
—
36,706
10,800Other
755
16,567
14,093
33,906Net Cash Provided by (Used in)
     Operating Activities
178,939
56,441
528,153
365,646








Investing Activities







Net Sale (Purchase) of Securities
197
(3,349)
(126)
(4,735)Proceeds from Sale of Business
21,182
(504)
100,035
13,139Purchases of Property, Plant, and
     Equipment
(82,174)
(75,083)
(151,167)
(147,250)Proceeds from (Purchases of) Affiliates
     and Other Investments
(3,724)
(1,305)
(5,316)
(2,699)Other
5,828
1,905
5,833
2,877Net Cash Provided by (Used in)
     Investing Activities
(58,690)
(78,336)
(50,742)
(138,668)








Financing Activities







Repayments of Long-term Debt and
     Finance Leases
(1,827)
(2,043)
(3,652)
(4,245)Dividends Paid on Common Stock
(160,936)
(159,244)
(320,437)
(314,225)Other
(220)
11,721
(1,326)
25,841Net Cash Provided by (Used in)
     Financing Activities
(162,983)
(149,566)
(325,416)
(292,629)Effect of Exchange Rate Changes on
     Cash
1,578
752
4,076
(6,542)Increase (Decrease) in Cash and Cash
     Equivalents
(41,156)
(170,710)
156,072
(72,193)Cash and Cash Equivalents at Beginning
     of Period
867,906
840,398
670,679
741,881Cash and Cash Equivalents at End of
     Period
$      826,750
$      669,688
$      826,750
$      669,688 HORMEL FOODS CORPORATIONSEGMENT DATAIn thousandsUnaudited


Quarter Ended
Six Months Ended

April 26,
2026
April 27,
2025
%
Change
April 26,
2026
April 27,
2025
%
ChangeVolume (lbs.)











Retail
663,009
677,277
(2.1)
1,356,893
1,414,162
(4.0)Foodservice
244,307
242,595
0.7
488,726
486,449
0.5International
80,536
79,518
1.3
155,997
154,087
1.2Total Volume (lbs.)
987,852
999,390
(1.2)
2,001,616
2,054,698
(2.6)












Net Sales











Retail
$ 1,789,665
$ 1,783,835
0.3
$ 3,637,471
$ 3,673,968
(1.0)Foodservice
996,711
936,442
6.4
1,994,937
1,866,627
6.9International
186,225
178,533
4.3
367,509
347,028
5.9Total Net Sales
$ 2,972,600
$ 2,898,810
2.5
$ 5,999,917
$ 5,887,623
1.9












Segment Profit











Retail
$    155,640
$    137,135
13.5
$    251,829
$    256,281
(1.7)Foodservice
155,784
140,633
10.8
312,325
279,459
11.8International
22,135
18,407
20.3
45,046
39,252
14.8Total Segment Profit
333,559
296,175
12.6
609,200
574,992
5.9Net Unallocated
Expense
127,400
65,411
94.8
168,698
126,111
33.8Noncontrolling Interest
(96)
(275)
65.2
(127)
(320)
60.3Earnings Before
Income Taxes
$    206,063
$    230,489
(10.6)
$    440,375
$    448,561
(1.8)APPENDIX: NON-GAAP MEASURES
This press release includes measures of financial performance that are not defined by U.S. generally accepted accounting principles (GAAP). The Company utilizes these non-GAAP measures to understand and evaluate operating performance on a consistent basis. These measures may also be used when making decisions regarding resource allocation and in determining incentive compensation. The Company believes these non-GAAP measures provide useful information to investors because they aid analysis and understanding of the Company's results and business trends relative to past performance and the Company's competitors. Non-GAAP measures are not intended to be a substitute for GAAP measures in analyzing financial performance. These non-GAAP measures are not calculated in accordance with GAAP and may be different from non-GAAP measures used by other companies.Transform and Modernize (T&M) Initiative
In the fourth quarter of fiscal 2023, the Company announced a multi-year T&M initiative. In presenting non-GAAP measures, the Company adjusts for (i.e., excludes) expenses for this initiative that are non-recurring, which are primarily project-based external consulting fees and expenses related to supply chain and portfolio optimization (e.g., asset write-offs, severance, or relocation-related costs). The Company believes that non-recurring costs associated with the T&M initiative are not reflective of the Company's ongoing operating cost structure; therefore, the Company is excluding these discrete costs. The Company does not adjust for (i.e., does not exclude) certain costs related to the T&M initiative that are expected to continue after the project ends, such as software license fees and internal employee expenses, because those costs are considered ongoing in nature as a component of normal operating costs. The Company also does not adjust for savings realized through the T&M initiative as these are considered ongoing in nature and reflective of expected future operating performance.Gain or Loss on Sale of Business
In the second quarter of fiscal 2026, the Company completed the sale of its whole-bird turkey business, resulting in a loss on the sale. In the first quarter of fiscal 2026, the Company sold 51% of its equity interest in Justin's, LLC, resulting in a gain on the sale. In the first quarter of fiscal 2025, the Company sold Mountain Prairie, LLC, a non-core sow operation, resulting in a loss on the sale. The Company believes the one-time impacts from these sales are not reflective of the Company's ongoing operating cost structure, are not indicative of the Company's core operating performance, and are not meaningful when comparing the Company's operating performance against that of prior periods. Thus, the Company has adjusted for (i.e., excluded) these impacts.Legal Matters
From time to time, the Company receives proceeds or incurs expenses related to discrete legal matters that the Company believes are not indicative of the Company's core operating performance, do not reflect expected future operating income or costs, and are not meaningful when comparing the Company's operating performance against that of prior periods. The Company adjusts for (i.e., excludes) these impacts.Litigation Settlements
In fiscal 2025, the Company entered into a settlement agreement with certain plaintiffs in an antitrust lawsuit.Corporate Restructuring Plan
In the fourth quarter of fiscal 2025, the Company commenced a corporate restructuring plan, the focus of which is to reduce administrative expenses, improve efficiencies, and align the workforce to the Company's future needs, while enabling continued investment in the Company's growth. The costs incurred to execute the corporate restructuring plan and the charges incurred under the program are primarily related to severance and employee benefit costs. Because the Company believes the charges incurred under the corporate restructuring plan do not reflect future operating costs and are not meaningful when comparing the Company's operating performance against that of prior periods, the Company adjusts for (i.e., excludes) these impacts.Consulting Agreement
On October 27, 2025, the Company entered into an agreement with its former Chief Executive Officer (CEO), pursuant to which the former CEO is expected to provide consulting services to the Company until April 2027. Consulting costs related to the agreement include cash and share-based compensation, which were primarily recognized in the first quarter of fiscal 2026. The Company believes non-recurring costs associated with the consulting agreement are not reflective of the Company's ongoing operating cost structure, are not indicative of the Company's core operating performance, and are not meaningful when comparing the Company's operating performance against that of prior periods; therefore, the Company is excluding these discrete costs.The tables below show the calculations to reconcile from the GAAP measures to the non-GAAP measures presented in this press release. The tax provision expense or benefit of each of the pre-tax items excluded from the Company's GAAP results was computed based on the facts and tax implications associated with each item.HORMEL FOODS CORPORATION



RECONCILIATION OF NON-GAAP MEASURES



Unaudited


Quarter Ended
Six Months EndedIn thousands, except per share amountsApril 26,
2026
April 27,
2025
April 26,
2026
April 27,
2025Cost of Products Sold (GAAP)$ 2,454,093
$ 2,414,377
$ 5,011,835
$ 4,927,957Transform and Modernize Initiative(1)(1,393)
(2,777)
(1,774)
(2,963)Adjusted Cost of Products Sold (Non-GAAP)$ 2,452,701
$ 2,411,600
$ 5,010,061
$ 4,924,994







SG&A (GAAP)$    318,624
$    251,432
$    560,322
$    514,445Transform and Modernize Initiative(2)(14,113)
(13,775)
(24,656)
(27,743)Gain (Loss) on Sale of Business(61,040)
—
(37,532)
(11,324)Corporate Restructuring Plan(55)
—
(8,531)
—Consulting Agreement—
—
(7,775)
—Litigation Settlements—
—
—
(240)Adjusted SG&A (Non-GAAP)$    243,416
$    237,657
$    481,828
$    475,138







Operating Income (GAAP)$    217,112
$    248,352
$    460,809
$    476,682Transform and Modernize Initiative(1)(2)15,506
16,552
26,430
30,706(Gain) Loss on Sale of Business61,040
—
37,532
11,324Corporate Restructuring Plan55
—
8,531
—Consulting Agreement—
—
7,775
—Litigation Settlements—
—
—
240Adjusted Operating Income (Non-GAAP)$    293,713
$    264,903
$    541,077
$    518,952







Earnings Before Income Taxes (GAAP)$    206,063
$    230,489
$    440,375
$    448,561Transform and Modernize Initiative(1)(2)15,506
16,552
26,430
30,706(Gain) Loss on Sale of Business61,040
—
37,532
11,324Corporate Restructuring Plan55
—
8,531
—Consulting Agreement—
—
7,775
—Litigation Settlements—
—
—
240Adjusted Earnings Before Income Taxes (Non-
GAAP)$    282,664
$    247,040
$    520,643
$    490,831







Provision for Income Taxes (GAAP)$      48,685
$      50,747
$    101,227
$      98,289Transform and Modernize Initiative(1)(2)3,799
3,641
6,475
6,727(Gain) Loss on Sale of Business9,982
—
4,223
2,469Corporate Restructuring Plan13
—
2,090
—Consulting Agreement—
—
—
—Litigation Settlements—
—
—
52Adjusted Provision for Income Taxes (Non-GAAP)$     62,480
$      54,388
$    114,016
$    107,537







Net Earnings Attributable to Hormel Foods
Corporation (GAAP)$    157,474
$    180,017
$    339,274
$    350,592Transform and Modernize Initiative(1)(2)11,707
12,910
19,955
23,979(Gain) Loss on Sale of Business51,058
—
33,309
8,855Corporate Restructuring Plan41
—
6,441
—Consulting Agreement—
—
7,775
—Litigation Settlements—
—
—
188Adjusted Net Earnings Attributable to Hormel
Foods Corporation (Non-GAAP)$    220,280
$    192,928
$    406,754
$    383,615







Diluted Earnings Per Share (GAAP)$          0.29
$          0.33
$          0.62
$          0.64Transform and Modernize Initiative(1)(2)0.02
0.02
0.04
0.04(Gain) Loss on Sale of Business0.09
—
0.06
0.02Corporate Restructuring Plan—
—
0.01
—Consulting Agreement—
—
0.01
—Litigation Settlements—
—
—
—Adjusted Diluted Earnings Per Share (Non-GAAP)$         0.40
$          0.35
$          0.74
$          0.70
SG&A as a Percent of Net Sales (GAAP)10.7 %
8.7 %
9.3 %
8.7 %Transform and Modernize Initiative(2)(0.5)
(0.5)
(0.4)
(0.5)Gain (Loss) on Sale of Business(2.1)
—
(0.6)
(0.2)Corporate Restructuring Plan—
—
(0.1)
—Consulting Agreement—
—
(0.1)
—Litigation Settlements—
—
—
—Adjusted SG&A as a Percent of Net Sales (Non-
GAAP)8.2 %
8.2 %
8.0 %
8.1 % HORMEL FOODS CORPORATION



RECONCILIATION OF NON-GAAP MEASURES



Unaudited


Quarter Ended
Six Months Ended
April 26,
2026
April 27,
2025
April 26,
2026
April 27,
2025Operating Margin (GAAP)7.3 %
8.6 %
7.7 %
8.1 %Transform and Modernize Initiative(1)(2)0.5
0.6
0.4
0.5(Gain) Loss on Sale of Business2.1
—
0.6
0.2Corporate Restructuring Plan—
—
0.1
—Consulting Agreement—
—
0.1
—Litigation Settlements—
—
—
—Adjusted Operating Margin (Non-GAAP)9.9 %
9.1 %
9.0 %
8.8 %

(1)Comprised primarily of asset write-offs and severance related to supply chain and portfolio optimization.(2)Comprised primarily of project-based external consulting fees.ORGANIC VOLUME AND ORGANIC NET SALES (NON-GAAP)The non-GAAP measures of organic volume and organic net sales are presented to provide investors with additional information to facilitate the comparison of past and present operations. Organic volume and organic net sales exclude the impact of the sale of the Company's controlling equity interest in Justin's, LLC in the first quarter of fiscal 2026.
Quarter Ended
April 26, 2026
April 27, 2025
In thousands
GAAP
GAAPDivestitureNon-GAAP
OrganicNon-GAAP% ChangeVolume (lbs.)






Retail
663,009
677,277(3,652)673,625(1.6)Foodservice
244,307
242,595(302)242,2930.8International
80,536
79,518(36)79,4821.3Total Volume (lbs.)
987,852
999,390(3,990)995,400(0.8)







Net Sales






Retail
$         1,789,665
$ 1,783,835$    (18,554)$ 1,765,2811.4Foodservice
996,711
936,442(1,738)934,7046.6International
186,225
178,533(561)177,9724.6Total Net Sales
$         2,972,600
$ 2,898,810$    (20,853)$ 2,877,9573.3

Six Months Ended
April 26, 2026
April 27, 2025
In thousands
GAAP
GAAPDivestitureNon-GAAP
OrganicNon-GAAP% ChangeVolume (lbs.)






Retail
1,356,893
1,414,162(5,065)1,409,097(3.7)Foodservice
488,726
486,449(379)486,0700.5International
155,997
154,087(49)154,0381.3Total Volume (lbs.)
2,001,616
2,054,698(5,493)2,049,205(2.3)







Net Sales






Retail
$         3,637,471
$ 3,673,968$    (26,474)$ 3,647,493(0.3)Foodservice
1,994,937
1,866,627(2,244)1,864,3837.0International
367,509
347,028(670)346,3586.1Total Net Sales
$         5,999,917
$ 5,887,623$    (29,389)$ 5,858,2352.4FORWARD-LOOKING GAAP TO NON-GAAP MEASURESThe information below reconciles the estimated fiscal 2026 GAAP measures to the corresponding estimated adjusted non-GAAP measures.Fiscal 2026 Outlook – Organic Net Sales (Non-GAAP)
To provide a clearer comparison of past and present net sales performance, the Company has adjusted its fiscal 2025 net sales to exclude the impact of the sale of the Justin's® branded business in the first quarter of fiscal 2026.In billionsFiscal 2026 Outlook
2025 Results
ChangeNet Sales (GAAP) $         12.2-$         12.5
$             12.1
1 %-3 %Divestitures—-—
(0.1)



Organic Net Sales (Non-GAAP)$         12.2-$         12.5
$             12.0
1 %-4 %Fiscal 2026 Outlook – Adjusted Operating Income (Non-GAAP)
The Company's fiscal 2026 outlook for adjusted operating income is a non-GAAP measure that excludes items impacting comparability.In fiscal 2026, the Company expects:Operating income (GAAP) in the range of $956 million to $1,021 millionAdjustments for the T&M initiative of $43.0 million to $49.0 millionAdjustments for corporate restructuring plan-related charges of $8.5 millionAdjustment for the Consulting Agreement of $7.8 millionAdjustment for a gain related to the sale of the Justin's® branded business of $(23.5) millionAdjustment for a loss related to the sale of the whole-bird turkey business of $61.0 millionResulting in an adjusted operating income range (non-GAAP) of $1,059 million to $1,118 million.Fiscal 2026 Outlook – Adjusted Diluted Earnings per Share (Non-GAAP)
The Company's fiscal 2026 outlook for adjusted diluted earnings per share is a non-GAAP measure that excludes items impacting comparability.In fiscal 2026, the Company expects:Diluted earnings per share (GAAP) in the range of $1.28 to $1.37Adjustments for the T&M initiative of $0.06 to $0.07Adjustments for corporate restructuring plan-related charges of $0.01Adjustment for the Consulting Agreement of $0.01Adjustment for a gain related to the sale of the Justin's® branded business of $(0.03)Adjustment for a loss related to the sale of the whole-bird turkey business of $0.09Resulting in an adjusted diluted earnings per share range (non-GAAP) of $1.43 to $1.51. View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-reports-strong-second-quarter-fiscal-2026-results-302783787.htmlSOURCE Hormel Foods Corporation Original: HORMEL FOODS REPORTS STRONG SECOND QUARTER FISCAL 2026 RESULTS

Hormel Foods Corporation Declares Quarterly DividendMay 18, 2026 8:00 PM
PR Newswire (US) AUSTIN, Minn., May 18, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents ($0.2925) a share on May 18, 2026, will be paid August 17, 2026, to stockholders of record at the close of business on July 13, 2026. The August 17 payment will be the 392nd consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption. About Hormel Foods 
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Investor Relations
ir@hormel.com       Media Relations
media@hormel.com
  View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-declares-quarterly-dividend-302775370.htmlSOURCE Hormel Foods Corporation Original: Hormel Foods Corporation Declares Quarterly Dividend

There's a New Dog in Town: Introducing the SPAM® DogMay 14, 2026 8:02 AM
PR Newswire (US)  A bold new take on the classic hot dog rolls out just in time for summer  The SPAM® Dog unleashed nationwide: a crave-inducing reimagination of the classic hot dog that brings iconic SPAM® brand style to a bold new format.Easy for Foodservice; Delicious for Consumers: the SPAM® Dog delivers familiarity with a twist, providing operators an opportunity to offer additional varieties on the roller grill.   Two Culinary Icons: Making its national debut at the National Restaurant Association Show in Chicago, the SPAM® Dog delivers one unexpected bite and will continue to roll out to additional restaurants, arenas and convenience stores this summer.AUSTIN, Minn., May 14, 2026 /PRNewswire/ -- The SPAM® brand is stepping outside of the can with the launch of the SPAM® Dog, a crave-inducing reimagination of the classic hot dog made with the SPAM® product you love. One of the most exciting convenience food innovations in years, the SPAM® Dog brings together two American culinary icons in one bold, unexpected bite. Designed for foodservice operators, the SPAM® Dog captures the savory taste fans love and adds variety to roller grills at restaurants, convenience stores, and arenas this summer.Following its launch in select regional markets, the SPAM® Dog will make its national debut at the National Restaurant Association in Chicago."We're excited to be rolling out the SPAM® Dog and the opportunity it creates for foodservice operators to offer something both familiar and surprising," said Haley Eggum, brand manager of the SPAM® brand. "It's a fresh new take on a hot dog with the unmistakable flavor that SPAM® fans know and love."When it comes to preparation, versatility is the name of the game. The SPAM® Dog is best served hot and crispy from the grill or roller, enjoyed in a bun or on its own. Its bold flavor pairs well with a wide range of toppings from classic options like mustard, ketchup, relish, onions and chili cheese to more adventurous combinations such as kimchi, chipotle mayo or pineapple jalapeno salsa.  Beginning this summer, the SPAM® Dog can be found at a growing number of stadiums and convenience stores around the country, including Rutters convenience stores in the Northeast, CHS Field in St. Paul, Minn, LMCU Ballpark in Comstock Park, Mich, select ABC and 7-Eleven stores in Hawaii and select convenience stores.For ordering details, nutritional information, and additional product specs, visit: https://www.hormelfoodservice.com/products/spam-dog-10lb/ About the SPAM® Brand
When the first SPAM® brand can came off the production line in 1937, the world was forever changed. This revolutionary product won over the hearts of soldiers, world leaders, celebrities, chefs, kids and parents. Future generations continue to enjoy it as a versatile, high-quality and great-tasting mealtime favorite. The whole world can't get enough of the iconic taste and the effortless creative potential contained within this iconic blue can. Fans of the brand can purchase SPAM® products and browse their favorite SPAM® merchandise at store.spam.com. For more information on the SPAM® brand, including product information, recipes and where to buy, visit spam.com.About Hormel Foods 
Hormel Foods Corporation, based in Austin, Minn, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Frequently Asked QuestionsWhat is the SPAM® Dog? The SPAM® Dog is SPAM® reimagined as the classic hot dog, combining the iconic savory flavor with endless topping versatility.What does the SPAM® Dog taste like?The SPAM® Dog tastes like the savory, salty and slightly sweet flavor of SPAM® Classic.How do you prepare the SPAM® Dog? The SPAM® Dog is best prepared hot and crispy from the grill or roller.What toppings pair with the SPAM® Dog? The SPAM® Dog is very versatile lending itself well to many flavor combinations from classics like mustard, ketchup, and relish to more out of the box pairings like kimchi and pineapple jalapeno salsa.Where can I buy the SPAM® Dog? The SPAM® Dog is currently available at restaurants, stadiums and convenience stores, including Rutters convenience stores in the Northeast, CHS Field in St. Paul, MN, and select ABC and 7-Eleven stores in Hawaii. Additional locations and vendors are expected to launch throughout the summer.Contact:Media Relations 
Hormel Foods
media@hormel.com   View original content to download multimedia:https://www.prnewswire.com/news-releases/theres-a-new-dog-in-town-introducing-the-spam-dog-302771905.htmlSOURCE Hormel Foods Corporation Original: There's a New Dog in Town: Introducing the SPAM® Dog

Hormel Foods Corporation Announces Second Quarter Earnings CallMay 4, 2026 6:02 PM
PR Newswire (US) AUSTIN, Minn., May 4, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's second quarter financial results. The Company will issue its earnings release before the markets open on Thursday, May 28, 2026, and will host a conference call at 8 a.m. CT (9 a.m. ET). The live webcast, replay, and other information related to the fiscal 2026 second quarter earnings conference call will be available on the Hormel Foods investor website, investor.hormelfoods.com.About Hormel Foods 
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Investor Relations          Media Relationsir@hormel.com media@hormel.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-announces-second-quarter-earnings-call-302761911.htmlSOURCE Hormel Foods Corporation Original: Hormel Foods Corporation Announces Second Quarter Earnings Call

Hormel Foods Announces 2026 Call for 10 Under 20 Food Heroes NominationsApril 28, 2026 8:15 AM
PR Newswire (US)

The program celebrates young change-makers under 20 years old creatively tackling food insecurity and systemic challengesNational Search for 2026 Food Heroes: Hormel Foods is officially seeking nominations for its fifth class of "10 Under 20 Food Heroes," 10 young leaders under age 20 who are implementing service initiatives for food security and community resilience.Strategic Career Pathways: Honorees will participate in executive networking sessions designed to foster the next generation of industry leaders and can apply for corporate internships.Resources for Continued Positive Impact: Food Heroes receive funding to expand their local projects and guidance from Hormel Foods leaders.AUSTIN, Minn., April 28, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, is now accepting nominations for the 2026 class of 10 Under 20 Food Heroes. In its fifth year, the program spotlights the efforts of young people who are demonstrating a measurable commitment to a more sustainable food system and focused on food security and community resilience.







Students and young change-makers under the age of 20 who are laying the groundwork for long-term impact through their ideas, leadership and action are encouraged to apply. To apply, candidates can nominate themselves or be nominated by a mentor, teacher, family member or community member. Successful applicants will share a detailed overview of their project's mission and the number of people or communities they have helped. Nominations can be submitted at 10under20foodheroes.com/nominate through June 5, 2026."The 10 Under 20 Food Heroes program celebrates young innovators and leaders who are evolving our food landscape and advancing solutions to address food security," said Henry Hsia, vice president of retail marketing at Hormel Foods. "This program provides a unique platform for students to transition their projects into long-term missions with the support of the Hormel Foods global network."10 Under 20 Food Heroes Honoree Benefits
The 10 Under 20 Food Heroes receive mentorship support and resources from Hormel Foods, beginning with a $2,500 financial donation to assist in the expansion and continuation of their efforts. In addition to this funding, honorees receive an invitation to the company's global headquarters in Austin, Minn. for a recognition event for the recipients and their families. The program is designed to foster professional growth through direct engagement and networking sessions with company leadership and offers insights into future opportunities to apply for an internship to gain hands-on food industry experience. Supporting the Next Generation of Food Industry Leaders
The 10 Under 20 Food Heroes program has helped spotlight young leaders making strides in the food security conversation who have gone on to inspire national audiences. Previous Food Heroes have hailed from across the United States, including as close as Austin, Minn., and as far as California and Florida. These young leaders have been recognized for leading hometown projects including launching community gardens, developing food waste reduction apps, and creating backpack programs to provide meals for neighbors in need."The 10 Under 20 Food Heroes recognition served as a powerful catalyst for my work with the Backpack Project," said Ryan Gustis, a member of the 2025 10 Under 20 Food Heroes class. "Hormel Foods provided the mentorship and networking opportunities required to amplify my passion for food security which was essential in developing the skills necessary for long-term systemic impact."Explore the inspiring stories of past Hormel Foods 10 Under 20 Food Heroes and learn more about the program at 10under20foodheroes.com and view the 2026 promo video at https://www.youtube.com/@HormelFoodsCorp.About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Contact:Media Relations                                      
Hormel Foods
media@hormel.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-announces-2026-call-for-10-under-20-food-heroes-nominations-302755327.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Announces 2026 Call for 10 Under 20 Food Heroes Nominations

Hormel Foods Completes Sale of Whole-Bird Turkey Business to Life-Science InnovationsApril 24, 2026 3:00 PM
PR Newswire (US)

Hormel Foods continues to own JENNIE-O® brand and value-added turkey product portfolioAUSTIN, Minn., April 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has completed the previously announced sale of its whole-bird turkey business to Willmar, Minn.-based Life-Science Innovations (LSI).







LSI has taken ownership of an existing whole-bird production facility in Melrose, Minn., a feed mill in Swanville, Minn., and associated transportation assets. The production facility will now operate under the name Legacy Turkey; the Melrose, Minn., workforce has joined LSI as part of the transition. LSI has also assumed supply contracts with dedicated third-party hen growers.Hormel Foods continues to own and use the JENNIE-O® brand name and produce ground turkey, deli meats, turkey burgers, turkey bacon, turkey franks, and other turkey items for retail and foodservice customers. The company has also retained the right to sell JENNIE-O® OVEN READY™ whole turkey birds and turkey breasts. In addition, Hormel Foods continues to own and operate its other turkey production facilities, feed mills, transportation assets and live production operations associated with raising and processing turkeys for value-added turkey products. The divesture reinforces the continued strategic shift Hormel Foods is making toward expanding its value-added protein portfolio and reducing its exposure to more volatile, commodity-driven businesses.Hormel Foods and LSI previously announced the transaction on Feb. 26. Financial terms of the transaction have not been disclosed. Additional information about the transaction will be provided in the company's next Quarterly Report on Form 10-Q.About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.About Life-Science Innovations
Life-Science Innovations (LSI), based in Willmar, Minnesota, is a diversified organization supporting a family of companies that advance the agriculture and poultry industries. Backed by more than 80 years of experience in the turkey industry, from hatching through processing, and strengthened by longstanding partnerships including Turkey Valley Farms in Marshall, Minnesota, LSI brings a proven legacy of expertise to the agriculture and poultry sectors.Contact:Media Relations
Hormel Foods
media@hormel.com










View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-completes-sale-of-whole-bird-turkey-business-to-life-science-innovations-302753252.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Completes Sale of Whole-Bird Turkey Business to Life-Science Innovations

Hormel Foods Announces Retirement of Richard Carlson, Vice President of Global Food Safety and Quality ManagementMarch 26, 2026 4:30 PM
PR Newswire (US)

Jeremiah Johnson, director of food safety management, named successorAUSTIN, Minn., March 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Richard Carlson, vice president of global food safety and quality management, will be retiring after a 35-year career with the company.







Jeremiah Johnson, a 20-year company veteran and director of food safety management, will succeed Carlson as vice president of global food safety and quality management."Richard has provided dedicated leadership in food safety and quality throughout his tenure. He led our company through critical food safety initiatives, including the expansion into new product categories and implementing new and enhanced food safety protocols," said Jeff Ettinger, interim chief executive officer. "We are grateful for his commitment to strengthening our food safety systems. He has made a meaningful impact on Hormel Foods and the teams he has led, and we wish him the best in retirement."As vice president of global food safety and quality management, Johnson will assume responsibility for overseeing all company quality, plant regulatory and food safety activities."Jeremiah brings deep expertise in food safety, quality and regulatory affairs, along with strong operational knowledge, making him well-prepared to lead this critical function," said John Ghingo, president. "He has led key initiatives to strengthen our food safety systems and safeguard the trust consumers place in our brands. Jeremiah's proven ability to lead cross-functional teams, elevate standards and drive continuous improvement make him the right leader for this important role."This transition will be effective May 1, 2026.About Richard Carlson
In 1990, Carlson began his career with Hormel Foods as a quality and process control engineer at the Austin (Minnesota) Plant. He held quality assurance and production management positions at the company's former Stockton (California) and Owatonna (Minnesota) facilities, as well as at the Jennie-O (Willmar, Minnesota) Plant. In 2000, Carlson was named director of quality assurance at Jennie-O, then assumed the position of vice president of quality management at Jennie-O in 2010. He moved to the Corporate Office in Austin, Minnesota, and became vice president of quality management at Hormel Foods in 2014.Carlson graduated from Purdue University with a bachelor's degree in food science.About Jeremiah Johnson
Jeremiah Johnson joined Hormel Foods in 2005 as a quality and process control supervisor at the Austin (Minnesota) Plant. He advanced through quality and process control manager roles at the Algona (Iowa) Plant and the company's former Vernon (California) facility, as well as worked as a staff engineer for the corporate quality team. In 2015, Johnson was named corporate manager for regulatory, compliance and HACCP. He expanded his responsibilities in 2017 to oversee the sanitation process in our production facilities. Johnson was named assistant director of food safety management in 2023 and assumed his current position in 2025.Johnson graduated from Iowa State University with a bachelor's degree in mathematics, and is an active member and past chair of the Meat Institute Food Safety and Inspection Affairs Committee.About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Contact: Media Relations 
Hormel Foods
media@hormel.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-announces-retirement-of-richard-carlson-vice-president-of-global-food-safety-and-quality-management-302726724.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Announces Retirement of Richard Carlson, Vice President of Global Food Safety and Quality Management

Hormel Foods Corporation Declares Quarterly DividendMarch 23, 2026 5:00 PM
PR Newswire (US)

AUSTIN, Minn., March 23, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents ($0.2925) a share on March 23, 2026, will be paid May 15, 2026, to stockholders of record at the close of business on April 13, 2026.







The May 15 payment will be the 391st consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption. About Hormel Foods
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.Investor Relations           Media Relationsir@hormel.com                media@hormel.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-declares-quarterly-dividend-302722495.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Corporation Declares Quarterly Dividend

The SPAM® Brand and Bachan's® Serve Up Crave-Worthy, Limited-Edition Japanese Barbecue FlavorMarch 5, 2026 8:00 AM
PR Newswire (US)

The sizzle meets the drizzle in a bold new collab – now available exclusively at WalmartAUSTIN, Minn., March 5, 2026 /PRNewswire/ -- The SPAM® brand and Bachan's® have teamed up to launch a bold new product: SPAM® Japanese Barbecue Sauce Flavored, a limited-edition variety made with Bachan's® Original Japanese Barbecue Sauce. This first-of-its-kind collaboration brings together two beloved pantry staples rooted in Asian American food culture, blending the iconic sizzle of the SPAM® brand with a savory drizzle of Bachan's® to deliver an umami-rich flavor in every bite. Available at Walmart, this flavor-packed release is perfect for frying, flipping, stacking, or snacking.







"We are so excited for this partnership because both of our brands are rooted in family, tradition and flavors that bring people together. It's a pairing that just makes sense," said Justin Gill, founder and CEO of Bachan's. "I grew up eating the SPAM® brand in my household, whether it was a quick musubi after school with friends or fried rice during the week with family. I've always loved the SPAM® brand and the role it has played in Japanese-American culture, and I'm so happy we could partner together to create something special for our fans."Inspired by fans, the perfect pairing of the SPAM® brand products and Bachan's® has appeared in home kitchens and social media feeds for years–whether stacked in musubi, stirred into fried rice, or served up as a quick snack. After seeing the creativity and passion of the community, the two brands made it official, turning a fan-driven favorite into a ready-to-enjoy product that honors flavor, culture and creativity."It's been amazing to watch fans bring these two flavors together in such creative ways, so partnering with Bachan's® feels like a natural next step," said Robbie Koons, senior brand manager of the SPAM® brand. "We're excited to work with a brand that shares our love for bold flavor, deep roots in culture and bringing people together through food."Beginning March 7, SPAM® Japanese Barbecue Sauce Flavored (12 oz.) will be available at Walmart stores nationwide for a suggested retail price of approximately $4, while supplies last. For more information about the SPAM® brand products and recipes, visit SPAM.com and follow @SPAMBrand on Instagram.About the SPAM® Brand
This revolutionary product won over the hearts of soldiers, world leaders, celebrities, chefs, kids and parents. Future generations continue to enjoy it as a versatile, high-quality and great-tasting mealtime favorite. The whole world can't get enough of the iconic taste and the effortless creative potential contained within this iconic blue can. Fans of the brand can purchase SPAM® products and browse their favorite SPAM® merchandise at shop.spam.com. For more information on the SPAM® brand, including product information, recipes and where to buy, visit spam.com.About Hormel Foods -- Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.About Bachan's Japanese Barbecue Sauce
Bachan's was founded by Japanese American Justin Gill in 2013, and after six years of perfecting the multi-generational family recipe, the Original Japanese Barbecue Sauce officially launched in 2019. Guided by A Tradition of Bold, Fresh, Umami Flavor™, Bachan's takes a minimalistic, transparent approach to crafting authentic sauces inspired by Japanese flavors. All Bachan's sauces are cold-filled and made with the highest quality ingredients, free from preservatives and artificial additives -- because Our Ingredients Matter®.Contact:Media Relations              
Hormel Foods
media@hormel.com
Allie Sprink
asprink@golin.com 






















View original content to download multimedia:https://www.prnewswire.com/news-releases/the-spam-brand-and-bachans-serve-up-crave-worthy-limited-edition-japanese-barbecue-flavor-302703641.htmlSOURCE Hormel Foods Corporation

Original: The SPAM® Brand and Bachan's® Serve Up Crave-Worthy, Limited-Edition Japanese Barbecue Flavor

Hormel warns turkey business divestment will trim annual sales but have limited earnings impactFebruary 26, 2026 8:28 AM
IH Market News
Hormel Foods Corp. (NYSE:HRL) said the planned sale of its whole-bird turkey business is expected to reduce annual net sales by roughly $50 million, though the company anticipates only a minimal effect on overall earnings.The food producer recently reached an agreement to sell the unit to Minnesota-based Life-Science Innovations, but financial terms of the transaction have not yet been disclosed. The deal is expected to close during the second quarter of Hormel’s current fiscal year.The company noted that its current outlook tied to the transaction excludes any factors that remain uncertain, “including the impacts of gains/losses on the transaction that we are unable to reasonably estimate while evaluating the accounting implications.”



Portfolio reshaping toward protein focus



President John Ghingo said the divestiture forms part of a broader effort to streamline Hormel’s portfolio and concentrate on core protein categories. The move follows the company’s earlier sale of its majority stake in the Justin’s brand, known for nut butters and organic chocolate snacks.Ghingo emphasized that Hormel’s Jennie-O ground turkey brand will remain a “strategic” part of the business, adding that the agreement with Life-Science Innovations enables faster expansion in “value-added turkey categories where we have a clear consumer advantage.”



Cost pressures continue to weigh on performance



Hormel has faced rising input costs and higher logistics expenses, which have pressured profitability within its retail segment. Industry-wide challenges have included disruptions linked to avian influenza affecting poultry supply chains and higher beef prices following U.S. tariffs on Brazilian imports.In response to these pressures, Hormel — alongside competitor Tyson Foods — has implemented price increases across selected product lines.



Quarterly results mixed versus expectations



Company-wide net sales rose 1.3% to $3.03 billion, slightly below Wall Street expectations of $3.07 billion. Adjusted earnings per share came in at $0.35, unchanged from a year earlier but ahead of Bloomberg consensus estimates of $0.32.Hormel shares traded lower in premarket U.S. trading Thursday following the update.Hormel Foods stock price

Original: Hormel warns turkey business divestment will trim annual sales but have limited earnings impact

HORMEL FOODS REPORTS FIRST QUARTER FISCAL 2026 RESULTSFebruary 26, 2026 6:30 AM
PR Newswire (US)

Company Achieves Net Sales of $3 billion and Organic Net Sales1 Growth of 2%Company Reports Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Updates GAAP Guidance; Reiterates Adjusted Full Year Fiscal 2026 GuidanceAUSTIN, Minn., Feb. 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2026, which ended January 25, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted.







EXECUTIVE SUMMARY — FIRST QUARTERNet sales of $3.03 billion; organic net sales1 up 2%Operating income of $244 million; adjusted operating income1 of $247 millionOperating margin of 8.0%; adjusted operating margin1 of 8.2%Earnings before income taxes of $234 million; adjusted earnings before income taxes1 of $238 millionDiluted earnings per share of $0.33; adjusted diluted earnings per share1 of $0.34Cash flow from operations of $349 millionEXECUTIVE COMMENTARY"We delivered solid first quarter fiscal 2026 results, with adjusted diluted earnings per share1 of $0.34, supported by our fifth consecutive quarter of organic net sales1 growth," said Jeff Ettinger, interim chief executive officer. "Our performance this quarter demonstrates the strength of our value-added, protein-centric portfolio and our disciplined execution against our key priorities, including pricing actions that are helping to close the gap between profitability and top-line growth.""This was an encouraging start to the year, with strong performance by our Foodservice and International segments," said John Ghingo, president. "We continue to solidify our position as a consumer-focused protein leader with a diversified portfolio of market-leading brands. These results reinforce our confidence in our adjusted full year fiscal 2026 guidance."FULL YEAR FISCAL 2026 GUIDANCEFor fiscal 2026, the Company:Reaffirms net sales in the range of $12.2 billion to $12.5 billion; organic net sales1 growth of 1% to 4%Updates operating income guidance to be in the range of $1.02 billion to $1.08 billionReaffirms adjusted operating income1 in the range of $1.06 billion to $1.12 billion, reflecting growth of 4% to 10%Updates diluted earnings per share guidance to be in the range of $1.37 to $1.46Reaffirms adjusted diluted earnings per share1 in the range of $1.43 to $1.51, reflecting growth of 4% to 10%
UpdatedPreviousNet Sales$12.2 - $12.5 billion$12.2 - $12.5 billionOrganic Net Sales1 Growth Rate1% - 4%1% - 4%Diluted Earnings per Share$1.37 - $1.46$1.29 - $1.39Adj. Diluted Earnings per Share1$1.43 - $1.51$1.43 - $1.51Adjustments to operating income and diluted earnings per share guidance for fiscal 2026 include the impact from the sale of the Justin's® branded business, which was finalized in the first quarter.This guidance does not include the impacts of the recently announced sale of the whole-bird turkey business expected to close in the second quarter of fiscal 2026. The expected reduction of fiscal 2026 net sales from this transaction is approximately $50 million; the Company also expects minimal impact to expected adjusted diluted earnings per share1. This transaction-related guidance does not reflect any items that are unknown at this time, including the impacts of gains/losses on the transaction that we are unable to reasonably estimate while evaluating the accounting implications.PORTFOLIO SHAPINGThe Company previously announced it has entered into a definitive agreement to sell its whole-bird turkey business, reflecting its ongoing portfolio-shaping efforts. The transaction is expected to close by the end of the Company's second quarter of fiscal 2026. Financial details of the whole-bird turkey transaction have not been disclosed. The Company will provide additional details on the transaction impacts following its completion."Our deliberate strategy around shaping our portfolio and sharpening our focus on value-added protein offerings has been demonstrated by our recently completed sale of a majority interest in the Justin's® branded business and our definitive agreement to sell the whole-bird turkey business," said Ghingo. "These strategic transactions enable us to focus resources on high-growth opportunities that meet evolving consumer needs while reducing our exposure to volatile commodity markets. The Jennie-O® branded portfolio remains a strategic and important part of our growth strategy, and this move positions us to accelerate growth in value-added turkey categories where we have a clear consumer advantage."SEGMENT HIGHLIGHTS – FIRST QUARTERRetailVolume down 6%; organic volume1 down 6%Net sales down 2%; organic net sales1 down 2%Segment profit down 19%Organic volume1 and organic net sales1 declined in the first quarter of fiscal 2026. Organic volume1 and organic net sales1 performance was significantly impacted by previously anticipated factors, including the strategic exit from select non-core private label snack nut items and declines in branded and private label packaged deli items. Key priority brands delivered year-over-year net sales growth, including Jennie-O® ground turkey and Planters® snack nuts. Segment profit declined due to lower sales, higher raw material input costs and higher logistics expenses.FoodserviceVolume flat; organic volume1 flatNet sales up 7%; organic net sales1 up 7%Segment profit up 13%First quarter organic net sales1 for the Foodservice segment was up 7%, marking the 10th consecutive quarter of organic net sales1 growth for the segment. Growth was broad-based across multiple channels and categories, with strong performance across the customized solutions business, premium prepared proteins and branded pepperoni. While organic volume1 was flat, net sales growth was supported by our solutions-based products and the capabilities of our direct-selling organization. Segment profit increased for the first quarter of fiscal 2026, primarily driven by the benefit of pricing actions, which remained aligned with market dynamics.InternationalVolume up 1%; organic volume1 up 1%Net sales up 8%; organic net sales1 up 8%Segment profit up 10%For the International segment, organic volume1 and organic net1 sales grew in the first quarter of fiscal 2026. Organic net sales1 growth was driven by strong performance in our multinational businesses and branded exports, led by SPAM® luncheon meat. Organic volume1 growth in the segment was primarily driven by growth in China and strong branded exports, led by SPAM® luncheon meat. International segment profit increased in the first quarter of fiscal 2026 as lower SG&A spend and growth in China were partially offset by lower export margins.ADDITIONAL FINANCIAL DETAILS – FIRST QUARTER FISCAL 2026Income StatementOperating margin and adjusted operating margin1 were 8.0% and 8.2%, respectively, compared to 7.6% and 8.5%, respectively, in the prior year.Selling, general and administrative expenses as a percent of net sales and adjusted selling, general and administrative expenses as a percent of net sales1 were 8.0% and 7.9%, respectively, compared to 8.8% and 7.9%, respectively, in the prior year.The gain on the sale of our controlling equity interest in Justin's, LLC was $23.5 million.Advertising investments were $41 million, compared to $43 million last year.The effective tax rate was 22.4%, compared to 21.8% last year.Cash Flow StatementCash flow from operations was $349 million.Capital expenditures were $69 million, compared to $72 million last year. The largest projects in the quarter were related to the ambient meat snack facility in Jiaxing, China, and investments in data and technology.Depreciation and amortization expense was $67 million, comparable to last year.The Company returned approximately $160 million to stockholders during the quarter through dividends.Balance SheetThe Company remained in a strong financial position at quarter end, with ample liquidity and a conservative level of debt.Cash on hand was $868 million at quarter end, an increase of $197 million from the end of fiscal 2025.Inventories at quarter end were $1.6 billion, a decrease of $100 million from the end of fiscal 2025.PRESENTATION
A conference call will be webcast at 7 a.m. CT on Feb. 26, 2026. Access is available at hormelfoods.com by clicking on "Investors." The call will also be available via telephone by dialing 800-549-8228 (toll free) or 646-564-2877 (international) and providing the conference ID 71131. An audio replay is available at hormelfoods.com. The webcast replay will be available at noon CT, Feb. 26, 2026, and will remain on the website for one year.ABOUT HORMEL FOODS
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which are based on the Company's current assumptions and expectations. These statements are typically accompanied by the words "aim," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "seek," "target," "will," "would," or similar words or expressions. The principal forward-looking statements in this news release include statements regarding the Company's fiscal 2026 guidance and future financial and operational performance.All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although the Company believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors that could cause the Company's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that the Company may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and the Company's recent corporate restructuring plan; risk of the Company's inability to protect information technology (IT) systems against, or effectively respond to, cyberattacks, security breaches or other IT interruptions; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company's products; risks related to the Company's ability to respond to changing consumer preferences; damage to the Company's reputation or brand image; risks of litigation; risks associated with trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at hormelfoods.com in the "Investors" section. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company cautions that other factors may in the future prove to be important in affecting the Company's business or results of operations. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement except as otherwise required by law.Note: Due to rounding, numbers presented throughout this press release may not sum precisely to the totals provided, and percentages may not precisely reflect the absolute figures.END NOTESNon-GAAP measure. See Appendix: Non-GAAP Measures to this news release for more information.INVESTOR CONTACT
Florence Makope
ir@hormel.com  MEDIA CONTACT
Media Relations
media@hormel.comHORMEL FOODS CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONSIn thousands, except per share amountsUnaudited

Quarter Ended

January 25,
2026
January 26,
2025Net Sales
$ 3,027,317
$ 2,988,813Cost of Products Sold
2,557,742
2,513,581Gross Profit
469,575
475,232Selling, General, and Administrative
241,698
263,013Equity in Earnings of Affiliates
15,820
16,111Operating Income
243,697
228,330Interest Income
6,528
7,543Interest Expense
19,728
19,462Other Income (Expense), Net
3,815
1,661Earnings Before Income Taxes
234,312
218,073Provision for Income Taxes
52,542
47,543Effective Tax Rate
22.4 %
21.8 %Net Earnings
181,769
170,530Less: Net Earnings (Loss) Attributable to Noncontrolling Interest
(32)
(45)Net Earnings Attributable to Hormel Foods Corporation
$    181,801
$    170,575




Net Earnings Per Share:



Basic
$          0.33
$          0.31Diluted
$          0.33
$          0.31




Weighted-average Shares Outstanding:



Basic
550,477
549,460Diluted
550,706
549,854




Dividends Declared Per Share
$      0.2925
$      0.2900
 HORMEL FOODS CORPORATIONCONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITIONIn thousandsUnaudited

January 25, 2026
October 26, 2025AssetsCash and Cash Equivalents
$                867,906
$                670,679Short-term Marketable Securities
33,302
32,909Accounts Receivable
696,252
784,812Inventories
1,647,271
1,747,279Taxes Receivable
58,808
96,791Prepaid Expenses and Other Current Assets
84,702
73,187Total Current Assets
3,388,240
3,405,656




Goodwill
4,888,532
4,924,087Intangible Assets
1,588,104
1,647,297Pension Assets
209,262
211,826Investments in Affiliates
577,058
533,984Other Assets
423,755
431,500Property, Plant, and Equipment, Net
2,241,482
2,238,770Total Assets
$           13,316,433
$           13,393,119









Liabilities and Shareholders' InvestmentAccounts Payable & Accrued Expenses
$                731,288
$                787,350Accrued Marketing Expenses
129,824
113,947Employee-related Expenses
224,470
273,402Interest and Dividends Payable
175,868
180,700Taxes Payable
4,983
18,752Current Maturities of Long-term Debt
6,485
6,646Total Current Liabilities
1,272,917
1,380,796




Long-term Debt Less Current Maturities
2,851,007
2,850,778Pension and Postretirement Benefits
356,108
358,984Deferred Income Taxes
663,854
661,349Other Long-term Liabilities
219,340
225,397Accumulated Other Comprehensive Loss
(233,023)
(243,646)Other Shareholders' Investment
8,186,231
8,159,461Total Liabilities and Shareholders' Investment
$           13,316,433
$           13,393,119 HORMEL FOODS CORPORATIONCONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWSIn thousandsUnaudited

Quarter Ended

January 25,
2026
January 26,
2025Operating Activities



Net Earnings
$        181,769
$        170,530Depreciation and Amortization
67,095
65,872Decrease (Increase) in Working Capital, Net of Divestitures
110,519
44,665Other
(10,170)
28,139Net Cash Provided by (Used in) Operating Activities
349,214
309,206




Investing Activities



Net Sale (Purchase) of Securities
(323)
(1,387)Proceeds from Sale of Business
78,853
13,643Purchases of Property, Plant, and Equipment
(68,993)
(72,167)Proceeds from (Purchases of) Affiliates and Other Investments
(1,593)
(1,393)Other
5
972Net Cash Provided by (Used in) Investing Activities
7,948
(60,333)




Financing Activities



Repayments of Long-term Debt and Finance Leases
(1,825)
(2,202)Dividends Paid on Common Stock
(159,501)
(154,980)Other
(1,106)
14,120Net Cash Provided by (Used in) Financing Activities
(162,433)
(143,063)Effect of Exchange Rate Changes on Cash
2,498
(7,294)Increase (Decrease) in Cash and Cash Equivalents
197,228
98,516Cash and Cash Equivalents at Beginning of Year
670,679
741,881Cash and Cash Equivalents at End of Period
$        867,906
$        840,398 HORMEL FOODS CORPORATIONSEGMENT DATAIn thousandsUnaudited

Quarter Ended

January 25,
2026
January 26,
2025
% ChangeVolume (lbs.)





Retail
693,884
736,886
(5.8)Foodservice
244,419
243,853
0.2International
75,461
74,569
1.2Total Volume (lbs.)
1,013,764
1,055,308
(3.9)






Net Sales





Retail
$  1,847,806
$  1,890,133
(2.2)Foodservice
998,227
930,185
7.3International
181,284
168,495
7.6Total Net Sales
$  3,027,317
$  2,988,813
1.3






Segment Profit





Retail
$       96,190
$     119,147
(19.3)Foodservice
156,541
138,826
12.8International
22,910
20,845
9.9Total Segment Profit
275,641
278,818
(1.1)Net Unallocated Expense
41,298
60,700
(32.0)Noncontrolling Interest
(32)
(45)
30.1Earnings Before Income Taxes
$     234,312
$     218,073
7.4APPENDIX: NON-GAAP MEASURES
This press release includes measures of financial performance that are not defined by U.S. generally accepted accounting principles (GAAP). The Company utilizes these non-GAAP measures to understand and evaluate operating performance on a consistent basis. These measures may also be used when making decisions regarding resource allocation and in determining incentive compensation. The Company believes these non-GAAP measures provide useful information to investors because they aid analysis and understanding of the Company's results and business trends relative to past performance and the Company's competitors. Non-GAAP measures are not intended to be a substitute for GAAP measures in analyzing financial performance. These non-GAAP measures are not calculated in accordance with GAAP and may be different from non-GAAP measures used by other companies.Transform and Modernize (T&M) Initiative
In the fourth quarter of fiscal 2023, the Company announced a multi-year T&M initiative. In presenting non-GAAP measures, the Company adjusts for (i.e., excludes) expenses for this initiative that are non-recurring, which are primarily project-based external consulting fees and expenses related to supply chain and portfolio optimization (e.g., asset write-offs, severance, or relocation-related costs). The Company believes that non-recurring costs associated with the T&M initiative are not reflective of the Company's ongoing operating cost structure; therefore, the Company is excluding these discrete costs. The Company does not adjust for (i.e., does not exclude) certain costs related to the T&M initiative that are expected to continue after the project ends, such as software license fees and internal employee expenses, because those costs are considered ongoing in nature as a component of normal operating costs. The Company also does not adjust for savings realized through the T&M initiative as these are considered ongoing in nature and reflective of expected future operating performance.Gain or Loss on Sale of Business
In the first quarter of fiscal 2026, the Company sold 51% of its equity interest in Justin's, LLC, resulting in a gain on the sale. In the first quarter of fiscal 2025, the Company sold Mountain Prairie, LLC, a non-core sow operation, resulting in a loss on the sale. The Company believes the one-time impacts from these sales are not reflective of the Company's ongoing operating cost structure, are not indicative of the Company's core operating performance, and are not meaningful when comparing the Company's operating performance against that of prior periods. Thus, the Company has adjusted for (i.e., excluded) these impacts.Legal Matters
From time to time, the Company receives proceeds or incurs expenses related to discrete legal matters that the Company believes are not indicative of the Company's core operating performance, do not reflect expected future operating income or costs, and are not meaningful when comparing the Company's operating performance against that of prior periods. The Company adjusts for (i.e., excludes) these impacts.Litigation Settlements
In fiscal 2025, the Company entered into a settlement agreement with a plaintiff in a pending antitrust litigation.Corporate Restructuring Plan
In the fourth quarter of fiscal 2025, the Company commenced a corporate restructuring plan, the focus of which is to reduce administrative expenses, improve efficiencies, and align the workforce to the Company's future needs, while enabling continued investment in the Company's growth. The costs incurred to execute the corporate restructuring plan and the charges incurred under the program are primarily related to severance and employee benefit costs. Because the Company believes the charges incurred under the corporate restructuring plan do not reflect future operating costs and are not meaningful when comparing the Company's operating performance against that of prior periods, the Company adjusts for (i.e., excludes) these impacts.Consulting Agreement
On October 27, 2025, the Company entered into an agreement with its former Chief Executive Officer (CEO), pursuant to which the former CEO is expected to provide consulting services to the Company until April 2027. Consulting costs related to the agreement include cash and share-based compensation, which were primarily recognized in the first quarter of fiscal 2026. The Company believes non-recurring costs associated with the consulting agreement are not reflective of the Company's ongoing operating cost structure, are not indicative of the Company's core operating performance, and are not meaningful when comparing the Company's operating performance against that of prior periods; therefore, the Company is excluding these discrete costs.The tables below show the calculations to reconcile from the GAAP measures to the non-GAAP measures presented in this press release. The tax provision expense or benefit of each of the pre-tax items excluded from the Company's GAAP results was computed based on the facts and tax implications associated with each item. HORMEL FOODS CORPORATIONRECONCILIATION OF NON-GAAP MEASURESUnaudited
Quarter EndedIn thousands, except per share amountsJanuary 25,
2026
January 26,
2025Cost of Products Sold (GAAP)$  2,557,742
$  2,513,581Transform and Modernize Initiative(1)(382)
(186)Adjusted Cost of Products Sold (Non-GAAP)$  2,557,360
$  2,513,395



SG&A (GAAP)$     241,698
$     263,013Transform and Modernize Initiative(2)(10,543)
(13,968)Gain (Loss) on Sale of Business23,508
(11,324)Corporate Restructuring Plan(8,476)
—Consulting Agreement(7,775)
—Litigation Settlements—
(240)Adjusted SG&A (Non-GAAP)$     238,412
$     237,481



Operating Income (GAAP)$     243,697
$     228,330Transform and Modernize Initiative(1)(2)10,925
14,155(Gain) Loss on Sale of Business(23,508)
11,324Corporate Restructuring Plan8,476
—Consulting Agreement7,775
—Litigation Settlements—
240Adjusted Operating Income (Non-GAAP)$     247,364
$     254,049



Earnings Before Income Taxes (GAAP)$     234,312
$     218,073Transform and Modernize Initiative(1)(2)10,925
14,155(Gain) Loss on Sale of Business(23,508)
11,324Corporate Restructuring Plan8,476
—Consulting Agreement7,775
—Litigation Settlements—
240Adjusted Earnings Before Income Taxes (Non-GAAP)$     237,979
$     243,791



Provision for Income Taxes (GAAP)$       52,542
$       47,543Transform and Modernize Initiative(1)(2)2,677
3,086(Gain) Loss on Sale of Business(5,760)
2,469Corporate Restructuring Plan2,077
—Consulting Agreement—
—Litigation Settlements—
52Adjusted Provision for Income Taxes (Non-GAAP)$       51,536
$       53,149



Net Earnings Attributable to Hormel Foods Corporation (GAAP)$     181,801
$     170,575Transform and Modernize Initiative(1)(2)8,248
11,069(Gain) Loss on Sale of Business(17,749)
8,855Corporate Restructuring Plan6,400
—Consulting Agreement7,775
—Litigation Settlements—
188Adjusted Net Earnings Attributable to Hormel Foods Corporation (Non-GAAP)$     186,475
$     190,687



Diluted Earnings Per Share (GAAP)$           0.33
$           0.31Transform and Modernize Initiative(1)(2)0.01
0.02(Gain) Loss on Sale of Business(0.03)
0.02Corporate Restructuring Plan0.01
—Consulting Agreement0.01
—Litigation Settlements—
—Adjusted Diluted Earnings Per Share (Non-GAAP)$           0.34
$           0.35



SG&A as a Percent of Net Sales (GAAP)8.0 %
8.8 %Transform and Modernize Initiative(2)(0.3)
(0.5)Gain (Loss) on Sale of Business0.8
(0.4)Corporate Restructuring Plan(0.3)
—Consulting Agreement(0.3)
—Litigation Settlements—
—Adjusted SG&A as a Percent of Net Sales (Non-GAAP)7.9 %
7.9 %



Operating Margin (GAAP)8.0 %
7.6 %Transform and Modernize Initiative(1)(2)0.4
0.5(Gain) Loss on Sale of Business(0.8)
0.4Corporate Restructuring Plan0.3
—Consulting Agreement0.3
—Litigation Settlements—
—Adjusted Operating Margin (Non-GAAP)8.2 %
8.5 %

(1)Comprised primarily of asset write-offs and severance related to supply chain and portfolio optimization.(2)Comprised primarily of project-based external consulting fees.ORGANIC VOLUME AND ORGANIC NET SALES (NON-GAAP)The non-GAAP measures of organic volume and organic net sales are presented to provide investors with additional information to facilitate the comparison of past and present operations. Organic volume and organic net sales exclude the impact of the sale of the Company's controlling equity interest in Justin's, LLC in the first quarter of fiscal 2026.
Quarter Ended
January 25, 2026
January 26, 2025
In thousands
GAAP
GAAPDivestitureNon-GAAP
OrganicNon-GAAP% ChangeVolume (lbs.)






Retail
693,884
736,886(1,413)735,472(5.7)Foodservice
244,419
243,853(77)243,7770.3International
75,461
74,569(13)74,5561.2Total Volume (lbs.)
1,013,764
1,055,308(1,503)1,053,805(3.8)







Net Sales






Retail
$           1,847,806
$  1,890,133$       (7,921)$  1,882,212(1.8)Foodservice
998,227
930,185(506)929,6797.4International
181,284
168,495(109)168,3867.7Total Net Sales
$           3,027,317
$  2,988,813$       (8,536)$  2,980,2771.6Forward-looking GAAP to Non-GAAP MeasuresThe information below reconciles the estimated fiscal 2026 GAAP measures to the corresponding estimated adjusted non-GAAP measures.Fiscal 2026 Outlook – Organic Net Sales (Non-GAAP)To provide a clearer comparison of past and present net sales performance, the Company has adjusted its fiscal 2025 net sales to exclude the impact of the sale of the Justin's® branded business in the first quarter of fiscal 2026.In billionsFiscal 2026 Outlook
2025 Results
ChangeNet Sales (GAAP) $           12.2-$           12.5
$                12.1
1 %-3 %Divestitures—-—
(0.1)



Organic Net Sales (Non-GAAP)$           12.2-$           12.5
$                12.0
1 %-4 %Fiscal 2026 Outlook – Adjusted Operating Income (Non-GAAP)The Company's fiscal 2026 outlook for adjusted operating income is a non-GAAP measure that excludes items impacting comparability.In fiscal 2026, the Company expects:Operating income (GAAP) in the range of $1,017 million to $1,082 millionAdjustments for the T&M initiative of $43 million to $49 millionAdjustments for corporate restructuring plan-related charges of $8.5 millionAdjustment for a gain related to the sale of the Justin's® branded business of $(23.5) millionAdjustment for the Consulting Agreement of $7.8 millionResulting in an adjusted operating income range (non-GAAP) of $1,059 million to $1,118 million.Fiscal 2026 Outlook – Adjusted Diluted Earnings per Share (Non-GAAP)
The Company's fiscal 2026 outlook for adjusted diluted earnings per share is a non-GAAP measure that excludes items impacting comparability.In fiscal 2026, the Company expects:Diluted earnings per share (GAAP) in the range of $1.37 to $1.461Adjustments for the T&M initiative of $0.06 to $0.07Adjustments for corporate restructuring plan-related charges of $0.01Adjustment for a gain related to the sale of the Justin's® branded business of $(0.03)Adjustment for the Consulting Agreement of $0.01Resulting in an adjusted diluted earnings per share range (non-GAAP) of $1.43 to $1.51.1 This does not include the effects of the sale of the whole-bird turkey business, as the Company is unable to reasonably estimate the impact while evaluating the accounting implications. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-reports-first-quarter-fiscal-2026-results-302697910.htmlSOURCE Hormel Foods Corporation

Original: HORMEL FOODS REPORTS FIRST QUARTER FISCAL 2026 RESULTS

Hormel Foods Appoints Donald Monk as Company's First Chief Technology OfficerFebruary 24, 2026 4:30 PM
PR Newswire (US)

New role underscores company's commitment to modernizing technology, digital and data capabilitiesAUSTIN, Minn., Feb. 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Donald Monk as chief technology officer, effective March 23. In this newly created role, Monk will serve as the company's senior-most technology leader, responsible for envisioning, aligning and delivering the enterprise technology, digital and data strategy that supports long-term growth.







"Don is an exceptional technology leader with a proven track record of transforming large, global organizations and building modern digital capabilities that unlock business growth," said John Ghingo, president, Hormel Foods. "As we continue to prioritize the modernization of our technology and data platforms, Don's experience and leadership will be critical in enhancing the capabilities that empower our business. We are thrilled to welcome him to Hormel Foods."Monk brings more than 35 years of global technology leadership to Hormel Foods, including more than three decades at General Mills, where he ultimately served as chief information officer. Widely recognized for leading complex enterprise transformations, he has built high-performing global teams and developed modern technology ecosystems that enable organizations to move faster and deliver stronger business results.About Donald Monk
Monk is a global technology executive with more than 35 years of experience leading large, complex digital, data and technology organizations. He has deep expertise in shaping enterprise technology strategy, modernizing digital capabilities and enabling business growth through innovation.Monk spent 33 years at General Mills, ultimately serving as chief information officer, where he led global technology strategy, delivery and operations across the company's international footprint. He later joined Cargill, most recently serving as senior vice president of strategy, governance and transformation for the company's digital technology and data organization. In that role, he guided global strategy and transformation efforts across all aspects of the digital and data function, including people, process, analytics and AI, finance and technology governance.Throughout his career, Monk has led major enterprise transformations, built high-performing global teams and implemented modern technology platforms that strengthen operational performance and accelerate growth.Monk holds a Master of Science in software engineering from the University of Minnesota – Twin Cities and a Bachelor of Science in computer science from Minnesota State University, Mankato.About Hormel Foods — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.Contact:           
Media Relations
Hormel Foods
media@hormel.com










View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-appoints-donald-monk-as-companys-first-chief-technology-officer-302696245.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Appoints Donald Monk as Company's First Chief Technology Officer

Hormel Foods Announces Preliminary First Quarter 2026 Results and Reaffirms Full-Year Adjusted GuidanceFebruary 17, 2026 6:45 PM
PR Newswire (US)

Expects Q1 Net Sales of $3 billion; Organic Net Sales1 Growth of 2%Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey BusinessPresenting at the 2026 Consumer Analyst Group of New York (CAGNY) ConferenceAUSTIN, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m. ET, and reaffirmed its expected organic net sales1 and adjusted diluted earnings per share1 guidance for fiscal 2026.







The Company separately announced entry into a definitive agreement to sell its whole-bird turkey business, reflecting its ongoing portfolio shaping efforts. The Company will release its first quarter fiscal 2026 financial results on Thursday, Feb. 26, 2026.Preliminary First Quarter Fiscal 2026 ResultsHormel Foods expects first quarter fiscal 2026 net sales of approximately $3 billion, reflecting 2% organic net sales1 growth compared to the first quarter of fiscal 2025. This will mark the Company's fifth consecutive quarter of year-over-year organic net sales1 growth. Hormel Foods expects preliminary first quarter fiscal 2026 diluted earnings per share of $0.33 and adjusted diluted earnings per share1 of $0.34."We are pleased with our preliminary first quarter results," said Jeff Ettinger, interim chief executive officer. "They reflect a solid start to the year, are aligned with our expectations and give us confidence that we are focused on the right initiatives to return Hormel Foods to profitable growth." At the 2026 CAGNY conference, Ettinger will reaffirm the Company's fiscal 2026 organic net sales1 and adjusted diluted earnings per share1 guidance and review key initiatives for success in fiscal 2026. John Ghingo, president, will discuss the Company's unique position in the food industry, and leadership's expectations for achieving its previously announced long-term growth algorithm of 2-3% organic net sales1 growth and 5-7% operating profit growth.Portfolio Shaping The Company separately announced it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI), with the transaction expected to close by the end of the Company's second quarter of fiscal 2026.Financial details of the transaction have not been disclosed. The Company will provide additional information on the transaction as part of its first quarter earnings announcement. It currently estimates minimal impact on net sales and adjusted diluted earnings per share1 guidance for fiscal 2026.Upcoming PresentationsThe live webcast of the Company's CAGNY presentation, together with materials for the event, will be accessible at 4 p.m. ET on Wednesday, Feb. 18, 2026, on the Company's investor website, investor.hormelfoods.com.Hormel Foods will provide a comprehensive review of its first quarter results along with its fiscal 2026 guidance during its regularly scheduled earnings conference call on Feb. 26, 2026, at 7 a.m. CT.Estimates for the first quarter of fiscal 2026 presented in this release are preliminary and represent the most current information available to management.About Hormel Foods — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The Company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which are based on the Company's current assumptions and expectations. These statements are typically accompanied by the words "aim," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "seek," "target," "will," "would," or similar words or expressions. The principal forward-looking statements in this news release include statements regarding the Company's fiscal 2026 guidance and future financial and operational performance.All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although the Company believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors that could cause the Company's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that the Company may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize Initiative and the Company's recent corporate restructuring plan; risk of the Company's inability to protect information technology (IT) systems against, or effectively respond to, cyberattacks, security breaches or other IT interruptions; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company's products; risks related to the Company's ability to respond to changing consumer preferences; damage to the Company's reputation or brand image; risks of litigation; risks associated with trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, which can be accessed at hormelfoods.com in the "Investors" section. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company cautions that other factors may in the future prove to be important in affecting the Company's business or results of operations. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement except as otherwise required by law.Note: Due to rounding, numbers presented throughout this news release may not sum precisely to the totals provided, and percentages may not precisely reflect the absolute figures.END NOTES1Non-GAAP measure. See Appendix: Non-GAAP Measures to this news release for more information.APPENDIX: NON-GAAP MEASURES
This news release includes measures of financial performance that are not defined by U.S. generally accepted accounting principles (GAAP). The Company utilizes these non-GAAP measures to understand and evaluate operating performance on a consistent basis. These measures may also be used when making decisions regarding resource allocation and in determining incentive compensation. The Company believes these non-GAAP measures provide useful information to investors because they aid analysis and understanding of the Company's results and business trends relative to past performance and the Company's competitors. Non-GAAP measures are not intended to be a substitute for GAAP measures in analyzing financial performance. These non-GAAP measures are not calculated in accordance with GAAP and may be different from non-GAAP measures used by other companies.Reconciliation of Preliminary Q1 Fiscal 2026 Non-GAAP Measures to GAAP Measures:
Quarter Ended
January 25, 2026Net Sales Growth (GAAP) 1.3 %Justin's, LLC Divestiture0.3 %Organic Net Sales Growth (Non-GAAP)1.6 %


Quarter Ended
January 25, 2026Diluted Earnings Per Share (GAAP)$                      0.33Transform and Modernize Initiative0.01Gain on Justin's, LLC Divestiture(0.03)Corporate Restructuring Plan0.01Other0.01Adjusted Diluted Earnings Per Share (Non-GAAP)$                      0.34

 Investor Contact: 
IR@hormel.com Media Contact:
Media@hormel.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-announces-preliminary-first-quarter-2026-results-and-reaffirms-full-year-adjusted-guidance-302691024.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Announces Preliminary First Quarter 2026 Results and Reaffirms Full-Year Adjusted Guidance

Hormel Foods Announces Definitive Agreement to Sell its Whole-Bird Turkey Business to Life-Science InnovationsFebruary 17, 2026 6:40 PM
PR Newswire (US)

Transaction supports strategic shift toward more value-added protein offerings by Hormel FoodsJENNIE-O® brand remains a strategic source of profitable growth for Hormel FoodsAUSTIN, Minn., and WILLMAR, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The transaction is expected to close by the end of the second quarter of fiscal 2026 for Hormel Foods, subject to customary closing conditions. 







"Our strategy for sustainable, profitable growth centers on expanding our value-added protein portfolio to meet evolving consumer needs, while reducing our exposure to more volatile, commodity-driven businesses," said Jeff Ettinger, interim chief executive officer, Hormel Foods. "We are confident that this portion of our legacy turkey business will be in good hands under LSI's ownership, given their deep experience and expertise in this area."In the transaction, LSI will acquire assets from Hormel Foods, including the Melrose, Minnesota, whole-bird production facility; Swanville, Minnesota, feed mill; and associated transportation assets. LSI will also assume supply contracts with third-party turkey growers that are dedicated to the whole-bird business and provide co-manufacturing services to Hormel Foods through the end of its fiscal 2026, to provide uninterrupted fulfillment of customer orders during the transition. The broader array of JENNIE-O® branded products, and ownership of the JENNIE-O® brand name, are not impacted by the transaction."This transaction is an important next step in our evolution," said John Ghingo, president, Hormel Foods. "With a more focused turkey portfolio, we will continue strengthening the value-added aspects of our JENNIE-O® business. We look forward to working with LSI to ensure a smooth transition for our team members, customers, consumers and suppliers.""This agreement is a continuation of a 75-year relationship with Jennie-O," said Richard Huisinga, chief executive officer, LSI. "We are excited to combine the country's newest, state-of-the-art hen plant, the Minnesota hen-grower families and our recent first-of-its-kind turkey hatchery."Financial details of the transaction have not been disclosed. Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results, which will be discussed in more detail during the company's first quarter earnings call on Feb. 26, 2026, at 7 a.m. CT (8 a.m. ET).About Hormel Foods — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company withover $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.About Life-Science Innovations
Life-Science Innovations (LSI), based in Willmar, Minnesota, is a diversified organization supporting a family of companies that advance the agriculture and poultry industries. Backed by more than 80 years of experience in the turkey industry, from hatching through processing, and strengthened by longstanding partnerships including Turkey Valley Farms in Marshall, Minnesota, LSI brings a proven legacy of expertise to the agriculture and poultry sectors.FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements, which are based on the current assumptions and expectations of Hormel Foods Corporation ("Hormel"). These statements are typically accompanied by the words "expect," "will," "would," or similar words or expressions. The principal forward-looking statements in this news release include statements regarding Hormel's anticipated sale of its whole-bird turkey business and the expected impact of the transaction on Hormel's fiscal 2026 financial results.All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although Hormel believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors which could cause Hormel's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks related to acquisitions, joint ventures, equity investments, and divestitures; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that Hormel may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and Hormel's recent corporate restructuring plan; risk of unfavorable changes in Hormel's relationships with third parties; risk of Hormel's inability to protect information technology (IT) systems against, or effectively respond to, cyber-attacks, security breaches or other IT interruptions; labor relations and labor availability risks; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for Hormel's products; risks related to Hormel's ability to respond to changing consumer preferences; damage to Hormel's reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of Hormel's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at www.hormelfoods.com in the "Investors" section. Though Hormel has attempted to list comprehensively these important cautionary risk factors, Hormel cautions that other factors may in the future prove to be important in affecting Hormel's business or results of operations. Forward-looking statements speak only as of the date they are made, and Hormel does not undertake any obligation to update any forward-looking statement except as otherwise required by law.Investor Contact
ir@hormel.comMedia Contact
media@hormel.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-announces-definitive-agreement-to-sell-its-whole-bird-turkey-business-to-life-science-innovations-302689996.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Announces Definitive Agreement to Sell its Whole-Bird Turkey Business to Life-Science Innovations

Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain OfficerFebruary 12, 2026 5:00 PM
PR Newswire (US)

Seasoned supply chain leader to oversee global procurement, manufacturing, planning, logistics and engineeringAUSTIN, Minn., Feb. 12, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will lead the company's global supply chain, including procurement, manufacturing, planning, logistics, engineering and supply chain innovation.







"Will is a proven supply chain leader who has scaled complex operations and built modern capabilities across global networks," said John Ghingo, president, Hormel Foods. "His forward-looking leadership and ability to drive transformation across complex systems will be instrumental as we advance our long-term strategy and strengthen our global supply chain."Bonifant joins Hormel Foods from The Hershey Company, where he most recently led supply chain strategy, manufacturing and engineering for a 20-plant network. Over 15 years with Hershey, his experience spanned the U.S., Canada and international markets, including leadership of Hershey's end-to-end China supply chain and oversight of operations across Asia, Europe, the Middle East and Africa. Earlier roles include management consulting with The Boston Consulting Group and service as a U.S. Navy submarine officer.About Will Bonifant Bonifant spent 15 years with The Hershey Company, holding several leadership positions spanning international supply chain, engineering, plant management, and strategy. His broad experience and cross-functional expertise helped strengthen Hershey's operational capabilities and support the company's ongoing growth and innovation.Before Hershey, Bonifant served as a project leader at the Boston Consulting Group, where he led engagements focused on strategy, organizational design, supply chain transformation, and cost optimization across multiple industries.Earlier in his career, Bonifant spent eight years as an officer in the United States Navy. He served in multiple leadership and power plant supervisory roles aboard the USS GEORGIA, a ballistic missile submarine, and later worked as a nuclear power regulator specializing in electrical engineering and instrumentation design.Bonifant holds a Bachelor of Science in Electrical Engineering from the U.S. Naval Academy, a Master of Science in Engineering from the Georgia Institute of Technology, and a Master of Business Administration from the Wharton School of the University of Pennsylvania.About Hormel Foods — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.Contact:   Media Relations
Hormel Foods
media@hormel.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-names-will-bonifant-group-vice-president-and-chief-supply-chain-officer-302685580.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain Officer

Hormel Foods Corporation Announces First Quarter Earnings Call and Participation in 2026 CAGNY ConferenceFebruary 2, 2026 5:00 PM
PR Newswire (US)

AUSTIN, Minn., Feb. 2, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its participation at the upcoming 2026 Consumer Analyst Group of New York (CAGNY) Conference and confirmed key details for the fiscal 2026 first quarter earnings call.







CAGNY Conference
Hormel Foods will deliver its presentation at the 2026 CAGNY Conference in Orlando, Fla., on Wednesday, Feb. 18, 2026, at 4 p.m. ET. The live webcast, replay, and other information related to presentation will be available on the Hormel Foods investor website, investor.hormelfoods.com.Fiscal 2026 First Quarter Earnings Conference Call
The company also invites interested parties to participate in a webcast and conference call with Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's first quarter financial results. The Company will issue its earnings release before the markets open on Thursday, Feb. 26, 2026, and will host a conference call at 7 a.m. CT (8 a.m. ET).The live webcast, replay, and other information related to the fiscal 2026 first quarter earnings conference call will be available on the Hormel Foods investor website, investor.hormelfoods.com.ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation (NYSE: HRL), based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.Investor Relations         Media Relationsir@hormel.com                media@hormel.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-corporation-announces-first-quarter-earnings-call-and-participation-in-2026-cagny-conference-302676805.htmlSOURCE Hormel Foods Corporation

Original: Hormel Foods Corporation Announces First Quarter Earnings Call and Participation in 2026 CAGNY Conference

HRL reports 5/29 according to Seeking Alpha

Painted Pigs, Knock-off KFC, Fake Coca-Cola, Copied Carriers: Is Anything Real in China Anymore?
$HRL

it looks pretty safe here, even if they wanted to drop it to $38, i wouldnt sell, I would just triple my position.

Folks are done hurling hormel

HRL looks oversold here

HRL max chart

buy and HODL

Why does it show heavy selling??

this has been going down all month. anyone have any input on this one?

Fundamentals show Hormel Foods is 21% undervalued w/ earnings expected tomorrow:

Fundamental Analysis

Time to buy!

Hormel Foods ($HRL) reported better than expected fourth quarter adjusted earnings per share, while its revenues were below estimates. The company raised its earnings per sharre guidance for 2016.

we had hormel spiral ham/

Hormel Foods Corp. (HRL)
79.715 ? -0.105 (-0.13%)
Volume: 308,012 @ 2:09:30 PM ET
Bid Ask Day's Range
- - 79.32 - 79.94
HRL Detailed Quote Wiki

Slowly beef prices should be going down.. The only ones making money is the packers $400.00 less a head for the farmers..

Hormel Foods Corp. (HRL)
73.58 ? 0.03 (0.04%)
Volume: 109,389 @ 9:48:53 AM ET
Bid Ask Day's Range
- - 73.23 - 73.88
HRL Detailed Quote Wiki

Mick 5 year chart shows up up and up... Nice

nice. Hormel Foods Corp. (HRL)
73.55 ? 2.23 (3.13%)
Volume: 2,030,707 @ 4:39:01 PM ET
Bid Ask Day's Range
- - 72.08 - 73.965
HRL Detailed Quote Wiki

Stock split. .

HRL Hormel Foods Food - Processing and Agriculture

http://investorshub.advfn.com/boards/getboards.aspx?searchstr=hrl

http://investorshub.advfn.com/Hormel-Foods-HRL-22033/

HRL News: Current Report Filing (8-k) 05/26/2015 04:22:45 PM
HRL News: Hormel Foods to Acquire Applegate 05/26/2015 04:20:00 PM
HRL News: 3 Under-the-Radar Dividend Aristocrats to Buy 05/20/2015 01:21:02 PM
HRL News: What Is the S&P 500 Index? 05/20/2015 12:15:10 PM
HRL News: Current Report Filing (8-k) 05/20/2015 07:27:20 AM


[-chart]ih.advfn.com/p.php?pid=staticchart&s=HRL&p=0&t=17&showctype=1&width=336&height=190&vol=1&afterhours=130[/chart]

HRL$

HRL$$$

$HRL DD Notes ~ http://www.ddnotesmaker.com/HRL

bullish

$HRL recent news/filings

## source: finance.yahoo.com

Wed, 01 Oct 2014 17:16:42 GMT ~ Midday Glance: Food companies


read full: http://sg.finance.yahoo.com/news/midday-glance-food-companies-183352269.html
*********************************************************

Wed, 01 Oct 2014 17:16:42 GMT ~ Midday Glance: Food companies

[AP] - Shares of some top food companies are mixed at 1 p.m.: ConAgra Foods Inc. rose $.25 or .8 percent, to $30.95. General Mills Inc. rose $.39 or .8 percent, to $48.05. Hormel Foods Corp. rose $.31 or .7 percent, ...

read full: http://finance.yahoo.com/news/midday-glance-food-companies-174200882.html
*********************************************************

Wed, 01 Oct 2014 16:43:38 GMT ~ Early Glance: Food companies


read full: http://sg.finance.yahoo.com/news/early-glance-food-companies-142632555--finance.html
*********************************************************

Wed, 01 Oct 2014 16:43:38 GMT ~ Early Glance: Food companies

[AP] - Shares of some top food companies are up at 10 a.m.: ConAgra Foods Inc. rose $.32 or 1.0 percent, to $31.02. General Mills Inc. rose $.31 or .7 percent, to $47.97. Hormel Foods Corp. rose $.40 or .9 percent, ...

read full: http://finance.yahoo.com/news/early-glance-food-companies-143353729.html
*********************************************************

Tue, 30 Sep 2014 22:09:07 GMT ~ Today's Market Thorns, Roses, and All Time Highs... Plus Quarter End..


read full: http://finance.yahoo.com/tumblr/blog-todays-market-thorns-roses-and-all-time-highs-220922325.html
*********************************************************


$HRL charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$HRL company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/HRL/company-info
Ticker: $HRL
OTC Market Place: Not Available
CIK code: 0000048465
Company name: Hormel Foods Corp.
Incorporated In: DE, USA


$HRL share structure

## source: otcmarkets.com

Market Value: $13,539,030,923 a/o Sep 30, 2014
Shares Outstanding: 263,456,527 a/o Aug 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.0586
$HRL extra dd links

Company name: Hormel Foods Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HRL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HRL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HRL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HRL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HRL+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HRL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HRL/news - http://finance.yahoo.com/q/h?s=HRL+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HRL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HRL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HRL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HRL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HRL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HRL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HRL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HRL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HRL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HRL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Hormel+Foods+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Hormel+Foods+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Hormel+Foods+Corp.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HRL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HRL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HRL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HRL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HRL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000048465&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HRL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HRL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HRL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HRL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HRL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HRL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HRL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HRL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HRL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HRL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HRL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HRL+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HRL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HRL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HRL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HRL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HRL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HRL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HRL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HRL/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HRL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HRL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HRL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HRL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HRL



$HRL DD Notes ~ http://www.ddnotesmaker.com/HRL

Buy Hormel and never look back!!!$

Q4 Earnings details


http://www.earningsimpact.com/Transcript/84677/HRL/Hormel-Foods-Corporation---Q4-2013-Earnings-Call

~ Thursday! $HRL ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $HRL ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=HRL&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=HRL&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=HRL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HRL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HRL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HRL
Finviz: http://finviz.com/quote.ashx?t=HRL
~ BusyStock: http://busystock.com/i.php?s=HRL&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=HRL >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.