HORMEL FOODS REPORTS THIRD QUARTER FISCAL 2026 RESULTS
Hormel Foods reported Q3 net sales of $2.96 billion, down 2.4% year-over-year, while GAAP EPS fell to $0.11 due to significant one-time charges including a $56 million loss on the Brazil divestiture. Adjusted operating income grew 4.6% to $266 million and adjusted EPS rose to $0.37, leading management to raise its full-year adjusted EPS guidance to the range of $1.45 to $1.51.
Key figures
- Eps
- 0.11
- Revenue
- 2961333000
- Guidance
- FY26 Adjusted EPS $1.45-$1.51 (raised from $1.43-$1.51); Net Sales $12.1-$12.2 billion
- Revenue Yoy
- -2.4%
- Adj eps
- 0.37
- Operating income
- $111 million
- Dividend per share
- $0.2925
- Effective tax rate
- 42.3%
- Adj operating income
- $266 million
- Cash flow from operations
- $241 million
AI analysis
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