| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.0K | 1.3% |
| Total Income | 3.0K | 1.3% |
| Expenditure | 2.8K | 0.8% |
| PBT | 234.31 | 7.5% |
| Net Profit | 181.80 | 6.6% |
| OPM | 8.05% | 0.41pp |
| NPM | 6.00% | 0.30pp |
| EPS | 0.33 | 6.5% |
Hormel Foods Reports Q1 Fiscal 2026 Results: Net Sales $3.03 Billion
04 May 2026 · 4 May, 12:52 am
Summary
Hormel Foods reported solid first quarter fiscal 2026 results, with net sales of $3.03 billion and organic net sales growth of 2%. Diluted earnings per share were reported at $0.33, with adjusted diluted earnings per share at $0.34. The Foodservice and International segments showed strong performance, contributing to the overall positive results. The company reaffirmed its adjusted full year fiscal 2026 guidance, reflecting confidence in its position as a consumer-focused protein leader.
Key Highlights
- 1
Hormel Foods reported net sales of $3.03 billion in the first quarter of fiscal 2026.
- 2
Organic net sales increased by 2% in the first quarter of fiscal 2026.
- 3
The company reported diluted earnings per share of $0.33 and adjusted diluted earnings per share of $0.34.
- 4
The Foodservice segment experienced a 7% increase in net sales and a 13% increase in segment profit.
- 5
The International segment saw an 8% increase in net sales and a 10% increase in segment profit.
- 6
Cash flow from operations amounted to $349 million for the quarter.
- 7
The company reaffirms adjusted full year fiscal 2026 guidance.
Management Comments
Jeff Ettinger
"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."
John Ghingo
"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." "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."
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