NYSE$HRL

Hormel Foods Corp · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Hormel Foods reported fiscal Q1 2026 net sales of $3.03B with diluted EPS of $0.33.

Net sales rose 1% to $3.03 billion for the thirteen weeks ended January 25, 2026. Diluted EPS was $0.33 (+6% YoY) and adjusted diluted EPS was $0.34. Foodservice and International organic growth offset Retail declines; the company recorded a $23.5M gain on the sale of its Justin's interest.

  • Net sales $3.03B (+1% YoY); organic net sales +2%.
  • Diluted EPS $0.33; adjusted diluted EPS $0.34.
  • Foodservice and International led segment growth.
  • FY26 outlook assumes broad-based net sales growth and T&M savings.

Headline financials

Total Revenue

$3.03B

Previous: $2.99B+1.3%
EPS (adj)

$0.34

Previous: $0.35-2.9%
Operating Margin

8.0%

No prior period
Adj. Operating Margin

8.2%

No prior period
Effective Tax Rate

22.4%

No prior period
Operating Cash Flow

$349M

No prior period
Dividends Per Share

$0.29

No prior period
Total Volume (lbs.)

1.0B

No prior period
Capital Expenditures

-$69M

Previous: -$72.2M+4.4%
Free Cash Flow

$113M

Previous: $237M-52.4%
Net Income

$182M

Previous: $171M+6.6%
Operating Income

$244M

Previous: $228M+6.7%
Gross Profit

$470M

Previous: $475M-1.2%
Cash & Equivalents

$868M

Previous: $840M+3.3%
Total Assets

$13.3B

Previous: $13.4B-0.6%

Revenue & EPS history

Hormel · Revenue · Quarterly

$3.03B

Q1 2026+1.3%vs Q1 2025
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Hormel · $171M total across 1 segment · Q4 2022

  • International
    $171M

Forward guidance

FY26 expects net sales growth across categories with T&M savings; organic growth led by Foodservice and International.

Tailwinds

  • Adjusted EPS discipline and brand support.
  • Justin’s sale gain supports capital flexibility.
  • Market-based pricing actions.

Headwinds

  • Retail segment organic declines.
  • Commodity and tariff volatility.
  • Consumer demand uncertainty.

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

Historical avgQ1 2026

-0.1%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-0.9%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+10.0%

Q2 2026

Best reaction

-13.1%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+10.0%+9.2%
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 2010-0.1%
Q1 2011-0.1%
Q4 2010-0.3%
Q2 2010-0.3%
Q3 2009-0.4%
Q3 2010-0.4%
Q4 2009-0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro