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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“our recently announced definitive agreement to sell our whole-bird turkey business to Life-Science Innovations”
Hormel is divesting its volatile, low-margin whole-bird (hen) turkey business to Life-Science Innovations, which will also provide co-manufacturing services through fiscal 2026.
“we're implementing AI-enabled tools like O9 to streamline processes such as integrated business planning”
Hormel is adopting o9 Solutions' AI-enabled planning platform for integrated business planning, a read-through for o9 as a software vendor gaining a large CPG customer.
“Equity in earnings for the third quarter increased due to favorable results for MegaMex Foods”
MegaMex Foods, Hormel's Mexican-foods joint venture, delivered favorable results that lifted Hormel's equity in earnings for the quarter.
“We transitioned from individual brand investments to a comprehensive multi-brand media plan while capitalizing on a strategic partnership with ESPN.”
Hormel used a strategic marketing partnership with Disney-owned ESPN to scale its first multi-brand ('Here for the Snacks') retail media campaign.
“We also continue to benefit from our partnership with Garuda Food in the quarter, driving our snacking efforts into new channels with plans for further expansion into new markets in the future.”
Hormel's international snacking partnership with Indonesia's Garuda Food is expanding into new channels and markets, supporting international segment growth.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Pooran Sharma | Stephens | 12 (0%) |
| Tom Palmer | JPMorgan | 12 (0%) |
| Heather Jones | Heather Jones Research |
| Mike Lavery | Piper Sandler | 10 (20%) |
| Ben Theurer | Barclays | 9 (11%) |
| Peter Galbo | Bank of America | 9 (44%) |
| Rupesh Parikh | Oppenheimer | 8 (13%) |
| Leah Jordan | Goldman Sachs | 6 (0%) |
| Max Gumport | BNP Paribas | 6 (0%) |
| Ken Goldman | JPMorgan | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage 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 Q1 adjusted EPS of $0.34, up 6% year-over-year, marking the fifth consecutive quarter of organic net sales growth at 2% as Foodservice achieved its tenth straight quarter of organic growth. The Retail segment declined due to a strategic private label exit and commodity pressures, and the whole-bird turkey business divestiture to LSI was announced. Management reaffirmed FY2026 guidance of $1.43-$1.51 adjusted EPS while flagging unexpected logistics cost pressure as an emerging headwind.
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 | -4.4% | |
| GIS General Mills | 6 | +1.2% | |
| KHC Kraft Heinz | 4 | +0.8% | |
| MKC McCormick & Company | 6 | +16.7% | |
| SJM J.M. Smucker Company (The) | 8 | +5.8% |