NYSE$HRL
Hormel Foods Corp · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Hormel Foods reported first quarter fiscal 2026 results with net sales of $3.0 billion and organic growth of 2%.
Hormel Foods delivered a solid first quarter for fiscal 2026, characterized by organic net sales growth and strong performance in the Foodservice and International segments. While the Retail segment faced headwinds from strategic exits and higher costs, the company reaffirmed its full-year adjusted guidance and continued its portfolio-shaping strategy through the sale of the Justin's business and the announced sale of its whole-bird turkey business.
- Achieved net sales of $3.03 billion, representing a 1.3% increase over the prior year.
- Organic net sales grew 2%, marking the fifth consecutive quarter of organic growth.
- Foodservice segment profit increased 13% on broad-based channel growth.
- International segment profit rose 10%, driven by strong performance in China and SPAM exports.
Headline financials
Revenue & EPS history
Hormel · Revenue · Quarterly
$3.03B
Revenue by segment
Hormel · $171M total across 1 segment · Q4 2022
- International$171M—100.0%
Forward guidance
Hormel updated its GAAP guidance to reflect the Justin's sale while reaffirming its full-year adjusted financial targets.
Tailwinds
- Reaffirmed net sales range of $12.2 billion to $12.5 billion.
- Organic net sales growth expected between 1% and 4%.
- Reaffirmed adjusted diluted EPS range of $1.43 to $1.51.
- Strong performance expected to continue in Foodservice and International segments.
- Pricing actions helping to close the gap between profitability and top-line growth.
Headwinds
- Retail segment profit impacted by higher raw material and logistics costs.
- Volume declines in Retail due to strategic exit from non-core private label items.
- Expected reduction of $50 million in fiscal 2026 sales from the whole-bird turkey business sale.
- Effective tax rate trending higher than the previous year.
- Lower export margins partially offsetting growth in the International segment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-0.3%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-0.9%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+8.2%
Q1 2024
Best reaction
-13.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.0% | -2.8% | -8.9% | |
| Q4 2025 | +3.8% | +3.3% | +1.3% | |
| Q3 2025 | -13.1% | -13.7% | -14.8% | |
| Q2 2025 | +1.2% | +2.7% | +1.4% | |
| Q1 2025 | -1.2% | +0.6% | +5.7% | |
| Q4 2024 | +3.3% | +4.3% | -1.4% | |
| Q3 2024 | -3.1% | -2.2% | -5.4% | |
| Q2 2024 | -9.1% | -9.9% | -10.6% | |
| Q1 2024 | +8.2% | +10.3% | +13.2% | |
| Q4 2023 | -4.3% | -0.7% | +0.5% | |
| Q3 2023 | -3.2% | -5.1% | -4.1% | |
| Q2 2023 | +6.6% | +5.7% | +5.2% | |
| Q1 2023 | -7.3% | -8.8% | -9.0% | |
| Q4 2022 | -1.2% | -2.1% | -5.5% | |
| Q3 2022 | -7.7% | -7.4% | -9.6% | |
| Q2 2022 | -6.5% | -5.5% | -1.2% | |
| Q1 2022 | +6.0% | +8.6% | +8.2% | |
| Q4 2021 | +7.5% | +11.9% | +16.5% | |
| Q3 2021 | -6.3% | -7.6% | -10.5% | |
| Q2 2021 | +7.5% | +6.6% | +3.2% | |
| Q1 2021 | +0.3% | +0.8% | +2.2% | |
| Q4 2020 | -6.3% | -5.7% | -5.7% | |
| Q3 2020 | -3.2% | -3.8% | -8.3% | |
| Q2 2020 | -2.2% | -4.7% | +1.2% | |
| Q1 2020 | -7.6% | -7.7% | -6.9% | |
| Q4 2019 | +5.0% | +4.1% | +5.9% | |
| Q3 2019 | +2.5% | +3.5% | +4.8% | |
| Q2 2019 | +2.0% | -1.6% | +4.9% | |
| Q1 2019 | -0.5% | -2.2% | +1.1% | |
| Q4 2018 | +0.2% | +0.7% | -5.7% | |
| Q3 2018 | -1.4% | -1.6% | +3.9% | |
| Q2 2018 | +0.1% | +1.9% | +1.3% | |
| Q1 2018 | -0.1% | +0.2% | -0.4% | |
| Q4 2017 | +2.6% | +3.0% | +9.0% | |
| Q3 2017 | -7.6% | -8.7% | -7.8% | |
| Q2 2017 | -6.4% | -6.0% | -1.3% | |
| Q1 2017 | -7.1% | -5.5% | -7.5% | |
| Q4 2016 | +0.8% | +2.6% | +0.6% | |
| Q3 2016 | +6.4% | +7.5% | +0.1% | |
| Q2 2016 | -8.8% | — | — | |
| Q1 2016 | +7.2% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | +5.1% | — | — | |
| Q2 2015 | +3.1% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +4.4% | — | — | |
| Q2 2014 | -4.6% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +6.1% | — | — | |
| Q3 2013 | +1.4% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | +2.8% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | +1.3% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q4 2008 | +1.2% | — | — | |
| Q3 2011 | -2.4% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q2 2010 | -0.3% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q3 2009 | -0.4% | — | — | |
| Q4 2009 | -0.4% | — | — |
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