Hormel Foods Corp. Expects $3 Billion in Q1 Sales

By Chris Stiles • Wednesday, February 18 11:51 • Permanent Link

Hormel Foods Corporation (NYSE: HRL) has announced its preliminary first quarter fiscal 2026 results and reaffirmed its full-year adjusted guidance. The company expects first quarter net sales of approximately $3 billion, reflecting 2% organic net sales growth compared to the same period last year. This marks the company’s fifth consecutive quarter of year-over-year organic net sales growth.

In terms of earnings per share (EPS), Hormel Foods expects preliminary first quarter fiscal 2026 diluted EPS of $0.33 and adjusted diluted EPS of $0.34. This indicates a strong start to the year and is in line with the company’s expectations, giving them confidence in their initiatives for profitable growth.

The company also announced a definitive agreement to sell its whole-bird turkey business, demonstrating its ongoing efforts in portfolio shaping. The transaction is expected to close by the end of the company's second quarter of fiscal 2026, with minimal impact estimated on net sales and adjusted diluted EPS guidance for the full fiscal year.

Hormel Foods will be presenting at the 2026 Consumer Analyst Group of New York (CAGNY) Conference, where they will reaffirm their fiscal 2026 organic net sales and adjusted diluted earnings per share guidance. The company's leadership will discuss their unique position in the food industry and expectations for achieving their previously announced long-term growth algorithm of 2-3% organic net sales growth and 5-7% operating profit growth.

The company will release its first quarter fiscal 2026 financial results on Thursday, February 26, 2026, and provide a comprehensive review of its results along with its fiscal 2026 guidance during its regularly scheduled earnings conference call on the same day.

Hormel Foods Corporation, a Fortune 500 global branded food company with over $12 billion in annual revenue, is known for its brands such as Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, and Jennie-O, among others. It is a member of the S&P 500 index and has received numerous awards and accolades for its corporate responsibility and community service efforts. As a result of these announcements, the company's shares have moved -2.02% on the market, and are now trading at a price of $24.22. For more information, read the company's full 8-K submission here.

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