Hormel Foods (NYSE:HRL) Releases FY 2026 Earnings Guidance

Hormel Foods (NYSE:HRL) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.450-1.510 for the period, compared to the consensus EPS estimate of 1.500. The company issued revenue guidance of $12.1 billion-$12.2 billion, compared to the consensus revenue estimate of $12.2 billion.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Stephens reaffirmed an “equal weight” rating and issued a $25.00 price target on shares of Hormel Foods in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price objective on Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. BNP Paribas Exane lifted their price objective on Hormel Foods from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.57.

Hormel Foods Price Performance

NYSE HRL opened at $21.30 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $11.72 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.73 and a beta of 0.34. The company has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $23.39. Hormel Foods has a 12-month low of $19.70 and a 12-month high of $26.60.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.03 billion. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. Hormel Foods’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.450-1.510 EPS. As a group, equities analysts predict that Hormel Foods will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total transaction of $495,102.00. Following the transaction, the director directly owned 32,002 shares of the company’s stock, valued at $784,369.02. This represents a 38.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Trending Headlines about Hormel Foods

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Third-quarter adjusted EPS was $0.37, above the roughly $0.35–$0.36 analyst consensus, helped by margin expansion. Management also raised and narrowed its fiscal 2026 adjusted EPS outlook to $1.45–$1.51. Hormel Foods Q3 Earnings Beat on Margin Expansion, Sales Miss
• Positive Sentiment: Foodservice sales increased 2%, operating cash flow rose 54% to $240.6 million, and the sell-off has made HRL’s dividend yield more attractive for income-oriented investors. Why Hormel Foods Stock Swooned by 10% Today
• Neutral Sentiment: Hormel appointed a former Tyson executive as chief financial officer, a leadership change that could support operational improvements but does not immediately alter the earnings outlook. Hormel Foods names former Tyson exec CFO
• Negative Sentiment: Revenue totaled $2.96 billion, below expectations near $3.03–$3.04 billion and down 2.4% year over year. Retail sales fell 4% and international sales declined 5%, reflecting weaker volumes and pressured consumer demand. Hormel Foods cuts annual sales forecast as sluggish consumer demand weighs
• Negative Sentiment: Hormel reduced fiscal 2026 revenue guidance to $12.1–$12.2 billion from $12.2–$12.5 billion, citing retail weakness and lower demand for private-label snack nuts. This top-line cut was the primary catalyst for the stock’s decline. Hormel Foods Cuts Sales Outlook on Lower Quarterly Revenue
• Negative Sentiment: Reported profit and operating income were pressured by weak volume and one-time items, including Brazil divestiture and Indonesia impairment charges. Unusually heavy put-option buying also signaled increased bearish positioning. Hormel Foods Q3 Profit Declines on Weak Volume

Institutional Trading of Hormel Foods

A number of institutional investors and hedge funds have recently modified their holdings of HRL. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods in the second quarter valued at about $26,000. Strive Financial Group LLC bought a new position in shares of Hormel Foods in the fourth quarter worth about $27,000. Motiv8 Investments LLC acquired a new position in shares of Hormel Foods during the 4th quarter worth about $28,000. Parkside Financial Bank & Trust lifted its position in shares of Hormel Foods by 354.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock worth $31,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Ankerstar Wealth LLC bought a new stake in Hormel Foods during the 4th quarter valued at approximately $35,000. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Company Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.