Hormel Foods Corporation (HRL)

Hormel’s fiscal third quarter of 2026 was mixed, with adjusted EPS topping consensus even as revenue trailed, in results reported August 27, 2026. Revenue fell 2.4% year over year to roughly $3.0 billion (down from about $3.0 billion a year ago), and in the consensus comparison revenue of $2.961 billion trailed the $3.035 billion estimate (-2.4%). By segment, the business spans Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Profitability ran at a gross margin of ~16% and an operating margin of ~4%, with gross profit of roughly $471.5 million and operating income of about $110.9 million. Net income dropped 67.6% year over year to about $59.6 million (from roughly $183.7 million a year ago). On the bottom line, adjusted EPS of $0.37 topped the $0.35 estimate (+4%). The company generated operating cash flow of about $240.6 million during the quarter. For the next period, consensus calls for EPS of $0.40 on revenue of $3.208 billion.