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Sentiment · FY2026 Q2
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Tom Palmer | JPMorgan | 12 | 0% |
| Pooran Sharma | Stephens | 12 | 0% |
| Heather Jones | Heather Jones Research | 11 | 18% |
| Mike Lavery | Piper Sandler | 10 | 20% |
| Peter Galbo | Bank of America | 9 | 44% |
| Ben Theurer | Barclays | 9 | 11% |
| Rupesh Parikh | Oppenheimer | 8 | 13% |
| Leah Jordan | Goldman Sachs | 6 | 0% |
| Max Gumport | BNP Paribas | 6 | 0% |
| Erica Eilah | Oppenheimer | 4 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| JPMorgan | 2 | 16 | 6% |
| Stephens | 1 | 12 | 0% |
| Heather Jones Research | 2 | 12 | 17% |
| Oppenheimer | 2 |
| 12 |
| 8% |
| Bank of America | 3 | 12 | 33% |
| Barclays | 3 | 11 | 9% |
| Piper Sandler | 1 | 10 | 20% |
| BNP Paribas | 1 | 6 | 0% |
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.
Margin | Guidance Reliability | Competitive Dynamics | Pricing | Cost Pressure | Revenue Growth | Supply Chain | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 6 | 4 | 2 | 3 | 2 | 2 | |
| 2025Q1 | 5 | 4 | 5 | 5 | 2 | 2 | 3 | 1 |
| 2025Q2 | 6 | 3 | 4 | 2 | 1 | 4 | 2 | 1 |
| 2025Q3 | 5 | 4 | 3 | 5 | 4 | 2 | 3 | 1 |
| 2025Q4 | 6 | 4 | 2 | 5 | 6 | 2 | 2 | 2 |
| 2026Q1 | 4 | 2 | 2 | 2 | 1 | 3 | 2 | 3 |
| 2026Q2 | 5 | 3 | 2 | 2 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Margin | 8 | 5 | 6 | 5 | 6 | 4 | 5 |
| Guidance Reliability | 6 | 4 | 3 | 4 | 4 | 2 | 3 |
| Competitive Dynamics | 4 | 5 | 4 | 3 | 2 | 2 | 2 |
| Pricing | 2 | 5 | 2 | 5 | 5 | 2 | |
| Cost Pressure | 3 | 2 | 1 | 4 | 6 | 1 | 2 |
| Revenue Growth | 2 | 2 | 4 | 2 | 2 | 3 | 1 |
| Supply Chain | 2 | 3 | 2 | 3 | 2 | 2 | 1 |
| Capital Allocation | 1 | 1 | 1 | 2 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HRL Hormel Foods | 6 | +2.5% | |
| CAG Conagra Brands | 5 | -1.9% | |
| CPB Campbell Soup Company | 1 | -4.5% | |
| GIS General Mills | 4 | -8.4% | |
| KHC Kraft Heinz | 4 | +0.8% | |
| MKC McCormick & Company | 6 | +16.7% | |
| SJM J.M. Smucker Company (The) | 5 | +7.0% |