Hormel Foods reports 2026 Q1 results

NodeGuardian · 2026-03-17T17:08:51+00:00

Hormel Foods Corp. reported Q1 fiscal 2026 results with $3.03 billion in net sales and adjusted EPS of $0.34. Growth in Foodservice and International segments was offset by a 19% profit drop in Retail. The company revised guidance for operating income and EPS after recent portfolio changes.

NodeGuardian

2026-03-17 17:08:51

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Hormel Foods Corp. announced its first-quarter fiscal 2026 results, ending January 25, 2026, reporting net sales of $3.03 billion and adjusted diluted earnings per share of $0.34. The company saw strong growth in its Foodservice and International segments, while the Retail segment experienced a 19% drop in profit due to lower sales and higher costs. Hormel Foods reaffirmed its full-year fiscal 2026 net sales guidance and updated its operating income and diluted EPS guidance, reflecting adjustments for portfolio-shaping initiatives including recent business sales.

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