NYSE$HRL
Hormel Foods Corp · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Hormel Foods reported a quarter of solid top-line growth, driven by brand relevance and value-added portfolio strength, but profitability was challenged by input cost inflation and discrete items.
Hormel Foods Corporation reported mixed results for the fourth quarter of fiscal 2025, with net sales increasing by 1.5% to $3.186 billion, but operating income significantly declined to $2 million due to non-cash impairment charges. Diluted earnings per share were a loss of $0.10, compared to a gain of $0.40 in the prior year.
- Net sales for the fourth quarter increased by 1.5% to $3.186 billion, with organic net sales up 2%.
- Operating income for the quarter was $2 million, a significant decrease from $294.481 million in the prior year, primarily due to $234 million in non-cash impairment charges.
- Diluted earnings per share for the quarter was a loss of $0.10, compared to a gain of $0.40 in the prior year.
- Cash flow from operations for the quarter was $323 million, demonstrating continued operational cash generation.
Headline financials
Revenue & EPS history
Hormel · Revenue · Quarterly
$3.19B
Revenue by segment
Hormel · $171M total across 1 segment · Q4 2022
- International$171M—100.0%
Forward guidance
For fiscal 2026, Hormel Foods expects net sales in the range of $12.2 billion to $12.5 billion, with organic net sales growth of 1% to 4%. Operating income is projected to be between $0.96 billion and $1.03 billion, and adjusted diluted earnings per share are expected to be in the range of $1.43 to $1.51.
Tailwinds
- Net sales growth across each reporting segment is anticipated.
- A modest improvement in most commodity markets is expected during the second half of the year.
- Strong brand investments, with advertising support above recent levels, are planned.
- Benefits from growth and efficiency programs, including the T&M initiative and administrative expense reductions, are expected.
- Adjusted operating income is projected to grow by 4% to 10%.
Headwinds
- A pressured consumer environment is assumed.
- Commodity markets are expected to remain above historical levels.
- Continued earnings pressure is anticipated in the first quarter.
- An effective tax rate in the range of 21.5% to 22.5% is expected.
- Capital expenditures are projected to be in the range of $260 million to $290 million.
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 Q4 2025
-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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