Hormel Foods Q2 Earnings Call Highlights

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MarketBeat

Thu, May 28, 2026 astatine 12:07 PM CDT 7 min read

Key Points

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Hormel’s Q2 results bushed expectations, with integrated income maturation crossed each 3 segments, a 70-basis-point gross borderline enlargement to 17.4%, and adjusted EPS up 14% to $0.40. Management said this marked the company’s sixth consecutive 4th of integrated nett income growth.
Foodservice and planetary were standout segments, with Foodservice integrated income up 7% for its 11th consecutive 4th of maturation and planetary integrated income up 5%, led by China and SPAM exports. Retail besides improved, helped by JENNIE-O, Applegate and HERDEZ.
Hormel reaffirmed full-year guidance for fiscal 2026 income of $12.2 cardinal to $12.5 cardinal and adjusted EPS of $1.43 to $1.51, portion informing that Q3 volition look outgo headwinds from fuel, logistics, commodity volatility and inventory rebalancing. The institution inactive expects net to inclination toward the precocious fractional of its range.

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Hormel Foods (NYSE:HRL) said its fiscal second-quarter results exceeded interior expectations, driven by integrated income maturation crossed each 3 operating segments, improved margins and stronger manufacturing performance, peculiarly successful turkey operations.

Interim Chief Executive Officer Jeff Ettinger said the 4th marked the company’s sixth consecutive play of integrated nett income maturation and included “impressive double-digit adjusted net growth.” He said the company’s results reflected pricing actions, premix improvements, productivity gains and benefits from restructuring efforts.

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“We delivered an fantabulous 2nd quarter, highlighted by continued top-line momentum and meaningful betterment successful bottom-line performance,” Ettinger said connected the call.

Hormel reaffirmed its full-year fiscal 2026 outlook for nett income of $12.2 cardinal to $12.5 cardinal and adjusted net per stock of $1.43 to $1.51. The institution said it is trending toward the precocious fractional of the net range, though it expects third-quarter adjusted net to beryllium much successful enactment with the anterior twelvemonth owed to outgo pressures and inventory actions.

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Interim Chief Financial Officer and Controller Paul Kuehneman said integrated nett income roseate 3% from the anterior twelvemonth successful the 2nd quarter. Gross nett accrued 7%, portion gross borderline expanded 70 ground points to 17.4%. Adjusted net per stock were $0.40, up 14% from the anterior year.

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