Citable filing context
HRL's research view summarizes recent SEC filing context, starting with management_change from Jul 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 28, 2026 | management_change | Hormel Foods appointed John F. Ghingo as President and CEO, effective October 26, 2026. |
| Jun 12, 2026 | management_change | Hormel Foods assigned Group VP Swen Neufeldt to its Singapore subsidiary under a new international assignment agreement. |
| May 28, 2026 | earnings | Hormel Foods reported Q2 2026 net sales of $2.97 billion and GAAP EPS of $0.29. |
| May 28, 2026 | Guidance: adjusted_diluted_eps | 1.43 to 1.51 |
| May 28, 2026 | Guidance: adjusted_operating_income | 1.06 to 1.12 |
| May 28, 2026 | Guidance: diluted_eps | 1.28 to 1.37 |
| May 28, 2026 | mda_quarterly | Hormel Foods reported second-quarter fiscal 2026 net sales of $2.97 billion, a 3% increase, with adjusted diluted earnings per share rising 14% to $0.40. GAAP diluted earnings per share declined 12% to $0.29, primarily due to a $61 million loss on the sale of the whole-bird turkey business. Total segment profit grew 13%, supported by improved turkey manufacturing network performance. Retail growth was driven by Jennie-O ground turkey, Applegate, and Hormel Black Label bacon, though partially offset by a strategic exit from non-core private label snack nuts. Foodservice gains stemmed from customized solutions, branded pepperoni, and premium prepared proteins. International profit increased via SPAM exports and growth in China. Higher commodity input costs and logistics expenses pressured margins, while the company continued its Transform and Modernize initiative and a corporate restructuring plan. Cash flow from operations for the first six months reached $528 million. Fiscal 2026 capital expenditures are estimated between $260 million and $290 million, focusing on data technology and capacity expansion in Jiaxing, China. Key risks include commodity price fluctuations and slowing consumer demand amid macroeconomic and geopolitical volatility. |
| Feb 26, 2026 | mda_quarterly | Net sales for the first quarter of fiscal 2026 increased 1% to $3.03 billion, with organic growth driven by the Foodservice and International segments. Foodservice segment profit rose 12.8%, supported by pricing actions and strong demand for customized solutions, premium proteins, and brands such as Austin Blues and Fire Braised. International profit grew 9.9%, fueled by growth in China and SPAM exports. Conversely, Retail segment profit declined 19.3% due to higher logistics and raw material costs, alongside a strategic exit from non-core private label snack nuts, though Jennie-O and Planters showed growth. Adjusted diluted EPS decreased 3% to $0.34. The company reported a $23.5 million gain from the sale of its controlling interest in Justin's, LLC. Cash flow from operations increased 13% to $349 million, primarily due to inventory reductions. Key risks include tightening freight capacity increasing logistics expenses and commodity price volatility for beef, pork trim, and nuts. Management is pursuing a Transform and Modernize initiative and a corporate restructuring plan to improve efficiency. Fiscal 2026 capital expenditures are estimated between $260 million and $290 million, focusing on data technology and capacity expansion at the Jiaxing, China facility. |
Source: SEC EDGAR filing text and events; period Jul 28, 2026; filed Jul 28, 2026.
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