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Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for Hormel Foods (HRL) is 6/10.
Hormel delivered a strong fiscal Q2 with organic net sales up 3%, its sixth consecutive quarter of organic growth, and adjusted EPS of $0.40, up 14% year over year (GAAP EPS was $0.29, down 12.12%, weighed by a one-time loss on the divested whole-bird turkey business booked to SG&A). All three segments grew profit, led by foodservice (organic sales +7%, segment profit +11%) and international (organic sales +5%, segment profit +20%), while retail returned to 1% organic growth with 13% segment profit growth. Gross margin expanded 70 basis points to 17.4% on pricing, favorable mix, and improved turkey manufacturing performance. Management reaffirmed full-year net sales guidance of $12.2 to $12.5 billion and adjusted EPS of $1.43 to $1.51, and said it is trending toward the upper half of the earnings range, though it expects third quarter adjusted earnings roughly in line with the prior year on fuel, commodity, and inventory-rebalancing headwinds.
Scored from Hormel Foods’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.14B | -1.9% | $0.40 | +11.1% | 16.6% | 9.4% | 7.0% | $325M |
| FY2025 Q1 | $2.99B | -0.3% | $0.31 | -22.5% | 15.9% | 7.6% | 5.7% | $237M |
| FY2025 Q2 | $2.90B | +0.4% | $0.33 | -2.9% | 16.7% | 8.6% | 6.2% | $-19M |
| FY2025 Q3 | $3.03B | +4.6% | $0.33 | +3.1% | 16.1% | 7.9% | 6.1% | $85M |
| FY2025 Q4 | $3.19B | +1.5% | $-0.10 | -125.0% | 14.0% | 0.1% | -1.8% | $231M |
| FY2026 Q1 | $3.03B | +1.3% | $0.33 | +6.5% | 15.5% | 8.0% | 6.0% | $280M |
| FY2026 Q2 | $2.97B | +2.5% | $0.29 | -12.1% | 17.4% | 7.3% | 5.3% | $97M |
| FY2026 Q3 | $2.96B | -2.4% | $0.11 | -66.7% | 15.9% | 3.7% | 2.0% | $172M |
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