Quarterly ResultMay 28, 2026, 06:06 AM
Hormel Foods Q2 Net Sales $2.97B; Adjusted EPS $0.40
AI Summary
Hormel Foods Corporation reported strong second quarter fiscal 2026 results, achieving its sixth consecutive quarter of organic top-line growth. The company delivered GAAP diluted EPS of $0.29 and double-digit growth in adjusted diluted EPS to $0.40. Hormel Foods reaffirmed its full-year net sales and adjusted diluted EPS guidance, reflecting confidence in its performance, and completed the strategic divestment of its whole-bird turkey business.
Key Highlights
- Q2 Net sales reached $2.97 billion, with organic net sales up 3%.
- Q2 GAAP diluted EPS was $0.29, and adjusted diluted EPS grew to $0.40.
- Operating income for Q2 was $217 million, with adjusted operating income at $294 million.
- Cash flow from operations for the quarter was $179 million.
- Foodservice segment net sales increased 6% (organic up 7%), and segment profit rose 11%.
- International segment net sales grew 4% (organic up 5%), with segment profit up 20%.
- Reaffirmed full-year net sales guidance of $12.2 billion to $12.5 billion.
- Reaffirmed full-year adjusted diluted EPS guidance of $1.43 to $1.51.
- Completed the sale of its whole-bird turkey business, incurring a $61 million loss.
Price Impact
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