Hormel Foods Corporation HRL

NYSE | Producer | Packaged Foods
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Updated: 9 Sep 2026 Base analysis: 28 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing position can be maintained for the dividend while new purchases await volume improvement.

Raised earnings guidance and stable cash flow are balanced against negative organic growth, supporting the hold signal.

Market sentiment Neutral →
Trend: Stable

The market reacts mixed to the report with focus on earnings beat but concern over weak sales growth.

Risk assessment Low
Dilution: Low Strong cash flow and conservative leverage
Jurisdiction: Low Primary operations in the USA
Execution: Medium Ongoing leadership transition and portfolio changes

HOLD is the call. Neutral is the market mood. Low risk means less can go wrong.

Latest change
  • 7 Jun 2026 — Hormel beat expectations with adjusted EPS of $0.40 on $2.97B revenue and +3% organic growth. The company reaffirmed/updated full-year guidance (adjusted EPS $1.43–$1.51).
About the company

Hormel Foods produces and markets meat and food products with strong brands including SPAM, Skippy, Planters and Jennie-O. The company operates in Retail, Foodservice and International segments and is in a mature phase focused on margin improvement.

Sector: Packaged Foods
Type: Producer
Next report (Q4)
15 Dec 2026
Catalysts
◐
Dec 2026
Q4 report High
Bull case

Raised adjusted earnings guidance and strong cash flow provide support despite weak sales.

Bear case

Negative organic growth and margin pressure weigh on results.

Sensitivity analysis
Factor If it weakens If it strengthens
Input costs for pork and turkey Higher commodity prices → margin recovery is delayed and full-year guidance risks being missed. Lower commodity prices → improved gross margins and stronger adjusted earnings.
Retail volume development Continued volume decline → organic growth remains negative and pressures full-year sales. Volume recovery → organic growth turns positive and strengthens full-year results.
Why this signal

Raised earnings guidance and stable cash flow are balanced against negative organic growth, supporting the hold signal.

Recent news
  • Hormel participated in the Barclays Global Consumer Staples Conference on 9 September. New CFO Ash Bhumbla took office on 8 September to drive margin improvements.

Key figures

Revenue
Q3 2026
USD 3.0B
Revenue TTM
TTM
USD 12.1B
Net income
Q3 2026
USD 59.5M
Cash
Q3 2026
USD 0.8B
Total debt
2026-07-26
USD 2.9B
Gross margin
Q3 2026
15.9%
Shares outstanding
2026-07-26
551M
EPS
Q3 2026
USD 0.11
Exchange
NYSE
Type
Producer
Sector
Packaged Foods
Hormel Foods Corporation HRL
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.