HORMEL FOODS CORP /DE/ (HRL) Form 8-K — Aug 26, 2026
Hormel Foods reported third quarter fiscal 2026 net sales of $2.96 billion, with organic net sales down 2% and GAAP diluted EPS of $0.11 versus $0.33 a year ago. GAAP results absorbed a $56 million loss on the Brazil divestiture, a $48 million non-cash impairment of a minority investment in Indonesia, and a $38 million litigation settlement, driving the effective tax rate to 42.3% from 22.3%.
Key figures
- Eps
- 0.11
- Revenue
- 2961333000
- Guidance
- FY2026 net sales lowered to $12.1-$12.2B (from $12.2-$12.5B); GAAP diluted EPS lowered to $1.06-$1.12 (from $1.28-$1.37); adjusted operating income raised to $1.08-$1.12B (6-10% growth); adjusted diluted EPS raised to $1.45-$1.51 (from $1.43-$1.51)
- Net Income
- 59573000
- Revenue Yoy
- -2.4% (organic net sales down 2%)
- Total Assets
- 13292014000
- Cash Position
- 839639000
- Advertising spend
- $34 million vs $41 million prior year
- Effective tax rate
- 42.3% vs 22.3% prior year
- Total volume change
- -7.4%
- Adjusted diluted eps
- 0.37
- Capital expenditures
- $68 million vs $72 million prior year
- Retail volume change
- -9%
- Litigation settlement
- $38 million pre-tax
- Operating income gaap
- 110904000
- Operating margin gaap
- 3.7%
- Brazil divestiture loss
- $56 million pre-tax
- Adjusted operating income
- 266215000
- Adjusted operating margin
- 9.0%
- Cash flow from operations
- 240599000
- Indonesia impairment charge
- $48 million non-cash
- Dividends declared per share
- 0.2925
- Foodservice net sales change
- +2% (12th consecutive quarter of organic growth)
- Cash flow from operations yoy
- +54%
- Adjusted diluted eps prior year
- 0.35
- Dividends returned to stockholders
- $161 million
- International segment profit change
- -254% GAAP; adjusted flat
Price after filing
1 day: 0.0%7 days: -7.0%30 days: -16.9%
Close on the filing date to close N calendar days later (from $23.71). Historical, not a forecast.
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