HRL
FY2026 Q2 · Calendar Q2 2026
Hormel Foods Corporation
Hormel Foods delivered a strong fiscal Q2 2026, with adjusted EPS of $0.40 beating the consensus estimate of $0.35 by 12.9%, while revenue of $2.97 billion narrowly exceeded expectations. The company extended its organic sales growth streak to six consecutive quarters, with all three segments -- foodservice, retail, and international -- posting sales and profit expansion. Margin expansion was driven by pricing actions, favorable mix, productivity gains, and strong turkey manufacturing performance. Management reaffirmed full-year guidance despite anticipated near-term cost headwinds from commodity inflation, fuel and logistics expenses, and inventory rebalancing. The completion of the whole-bird turkey divestiture and appointment of Hormel's first CTO signal a strategic shift toward higher-value branded offerings and technology investment. The stock surged approximately 12% on the…
EPS surprise+12.9%
Market move+12.5%
