Company Reports

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold the number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of nonmeat protein brands like Skippy and Planters, as well as branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. Hormel has reduced its meat commodity exposure, including the recent sale of its commodity turkey business.

Hormel announced it's acquiring privately held Brakebush Brothers, a value-added chicken company primarily focused on the foodservice channel (90% of sales). It will pay $1.055 billion, financed through debt and cash on hand, and is expected to close in the first fiscal quarter of 2027.

Hormel posted an organic sales decline of 2% and adjusted EPS growth of 6% in the third quarter of fiscal 2026. Organic sales declines in retail and international of 3% and 4%, respectively, offset food service's 2% growth. Adjusted operating margin expanded 60 basis points to 9%.

Hormel announced that current president John Ghingo will take on the CEO title and replace interim CEO Jeffrey Ettinger on Oct. 26. This transition is in line with the initial timeline announced last year. Ettinger will remain on the board of directors.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold the number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. Hormel has reduced its meat commodity exposure, including the recent sale of its commodity turkey business. Overall, its protein focus leaves it vulnerable to input cost inflation given the volatility in key commodities.

Hormel's organic sales grew 3% and adjusted earnings per share rose 14% in the fiscal second quarter. All three segments contributed to the organic sales growth. Adjusted operating margin expanded 80 basis points to 9.9% as higher sales and improved operations offset logistics inflation.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold the number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. Hormel has reduced its meat commodity exposure, including the recent sale of its commodity turkey business. Overall, its protein focus leaves it vulnerable to input cost inflation given the volatility in key commodities.

Hormel posted $3.03 billion in sales and adjusted diluted earnings per share of $0.34 in its fiscal first quarter. Despite an organic sales lift of 2%, adjusted operating margins fell 30 basis points to 8.2% due to higher logistics and input costs, including beef, pork, and nuts.

On Feb. 17, Hormel announced preliminary first-quarter results of 2% organic sales growth and the sale of its whole-bird turkey business to Life-Sciences Innovation. It also reaffirmed fiscal 2026 guidance of organic sales growth of 1%-4% and adjusted operating income growth of 4%-10%.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold the number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. While Hormel has reduced its meat commodity exposure, industry structure forces it to remain highly exposed to commodity turkey. Overall, its protein focus leaves it vulnerable to input cost inflation given the volatility in key commodities.

Hormel reported fiscal fourth-quarter 2025 sales of $3.2 billion and adjusted diluted EPS of $0.32. Organic sales growth was 2%, but adjusted operating margin fell 211 basis points to 7.7%, weighed down by previously announced excessive inflation, a chicken product recall, and a facility fire.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold the number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. While Hormel has reduced its meat commodity exposure, industry structure forces it to remain highly exposed to commodity turkey. Even as its branded businesses have shown stability, turkey volatility has led to swings in profitability.

Hormel Foods announced that it will miss its previously issued fiscal fourth-quarter adjusted EPS guidance ($0.38-$0.40) by $0.08-$0.09. Additionally, Vice President and Controller Paul Kuehneman has replaced CFO Jacinth Smiley on an interim basis.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. While Hormel has reduced its meat commodity exposure, industry structure forces it to remain highly exposed to commodity turkey. Even as its branded businesses have showed stability, turkey volatility has led to swings in profitability.

Hormel reported net sales of $3.0 billion and diluted earnings per share of $0.33 for its fiscal third quarter 2025. While organic net sales growth was 6%, adjusted operating margin fell 80 basis points to 8.4% amid a surprise spike in input costs, particularly in beef, pork, and nuts.

Hormel announced John Ghingo as president and Jeffrey Ettinger as interim CEO for 15 months, effective July 14 and accelerating current president and CEO Jim Snee's retirement from the original end of fiscal 2025 (October end) timeline.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. While Hormel has reduced its meat commodity exposure, industry structure forces it to remain highly exposed to commodity turkey. Even as its branded businesses have showed stability, turkey volatility has led to swings in profitability.

Hormel reported net sales of $2.9 billion and adjusted EPS of $0.35 for its fiscal second-quarter 2025. Organic net sales growth was 1% despite mid-single-digit percentage volume declines in retail and foodservice. For the full year, it narrowed the top end of guidance for revenue and EPS.

Hormel Foods has long been on US shelves, with popular meat-centric brands like Jennie-O, Spam, Dinty Moore, and various Hormel-branded goods. These brands tend to hold number one or two share in their categories. To keep pace with evolving trends, Hormel has expanded its focus through acquisitions of non-meat protein brands like Skippy and Planters and branded meat products like Applegate. It has also entered ethnic and emerging food with Wholly Guacamole, Herdez, and Happy Little Plants. While Hormel has reduced its meat commodity exposure, industry structure forces it to remain highly exposed to commodity turkey. Even as its branded businesses have showed stability, turkey volatility has led to swings in profitability.

Hormel reported net sales of nearly $3 billion and adjusted EPS of $0.35 for its fiscal first-quarter 2025. Organic net sales growth was 1% despite mid-single-digit percentage volume declines across all its segments. For the full year, it maintained guidance for organic growth and adjusted EPS.