Citable filing context
HRL's research view summarizes recent SEC filing context, starting with acquisition from Sep 30, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 30, 2026 | acquisition | Hormel Foods Corporation agreed to acquire Brakebush Brothers, LLC for a base purchase price of $1.055 billion. |
| Aug 27, 2026 | earnings | Hormel Foods reported Q3 fiscal 2026 net sales of $2.96 billion and diluted EPS of $0.11. |
| Aug 24, 2026 | management_change | Hormel Foods appointed Ash Bhumbla as Executive Vice President and Chief Financial Officer, effective September 8, 2026. |
| Aug 27, 2026 | Guidance: adjusted_diluted_eps | 1.45 to 1.51 |
| Aug 27, 2026 | Guidance: adjusted_operating_income | 1075.00 to 1115.00 |
| Aug 27, 2026 | Guidance: diluted_eps | 1.06 to 1.12 |
| Aug 27, 2026 | mda_quarterly | Hormel Foods Corporation’s Q3 fiscal 2026 diluted EPS fell 67% to $0.11, though adjusted diluted EPS rose 6% to $0.37. Net sales decreased 2.4% to $2.96 billion, with organic net sales down 1.7% and volume down 7.4%, primarily dragged down by commodity turkey and private label snack nuts. Operating results were heavily impacted by $155 million in pre-tax discrete items, including a $56 million loss on the Brazil divestiture, a $48 million non-cash impairment of an Indonesian minority investment, and a $38 million litigation settlement. Segmentally, Foodservice net sales grew 1.6% to $1.00 billion, driven by premium prepared proteins, branded pepperoni, and Jennie-O turkey, benefiting from favorable pork input costs. Conversely, Retail net sales fell 4.3% to $1.78 billion due to lower volumes and higher logistics costs, despite growth in Planters, SPAM, and Applegate. International net sales declined 4.7% to $178.7 million, pressured by a legal-entity transition affecting SPAM export sales. For the first nine months, operating cash flow rose 47% to $769 million on improved inventory management. Hormel expects fiscal 2026 net sales growth but faces risks from volatile commodity prices, higher beef costs, and slowing consumer demand. |
| 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. |
Source: SEC EDGAR filing text and events; period Sep 30, 2026; filed Sep 30, 2026.
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