| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.0K | 1.8% | 2.5% |
| Total Income | 3.0K | 1.8% | 2.5% |
| Expenditure | 2.8K | 1.0% | 4.0% |
| PBT | 206.06 | 12.1% | 10.6% |
| Net Profit | 157.47 | 13.4% | 12.5% |
| OPM | 7.30% | 0.75pp | 1.26pp |
| NPM | 5.30% | 0.71pp | 0.91pp |
| EPS | 0.29 | 12.1% | 12.1% |
Hormel Foods Reports Strong Q2 FY26 Results; Organic Net Sales Up 3%
28 May 2026 · 28 May, 3:36 pm
Summary
Hormel Foods Corporation reported strong second quarter results for fiscal 2026, with net sales of $2.97 billion and organic net sales up 3%. The company's operating income was $217 million, and diluted earnings per share were $0.29. The company reaffirms net sales guidance in the range of $12.2 billion to $12.5 billion and organic net sales growth of 1% to 4% for fiscal year 2026. The company completed the sale of its whole-bird turkey business during the second quarter of fiscal 2026.
Key Highlights
- 1
Hormel Foods reported net sales of $2.97 billion in the second quarter of fiscal 2026, with organic net sales up 3%.
- 2
The company's operating income was $217 million, while adjusted operating income reached $294 million.
- 3
Diluted earnings per share were reported at $0.29, and adjusted diluted earnings per share were $0.40.
- 4
The Foodservice segment marked its eleventh consecutive quarter of organic net sales growth, up 7%.
- 5
The International segment experienced a 20% increase in segment profit, driven by strong export performance and growth in China.
- 6
The company reaffirms net sales guidance in the range of $12.2 billion to $12.5 billion and organic net sales growth of 1% to 4% for fiscal year 2026.
- 7
Cash flow from operations was $179 million for the second quarter of fiscal 2026.
Management Comments
Jeff Ettinger
“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.”
John Ghingo
“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.”
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