Hormel Foods (NYSE:HRL) Issues FY 2026 Earnings Guidance

Posted by Geri Gentry on May 29th, 2026

Hormel Foods (NYSE:HRL – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.430-1.510 for the period, compared to the consensus earnings per share estimate of 1.450. The company issued revenue guidance of $12.2 billion-$12.5 billion, compared to the consensus revenue estimate of $12.3 billion.

Hormel Foods Price Performance

Hormel Foods stock opened at $23.60 on Friday. The company has a market cap of $12.99 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.88 and a beta of 0.33. Hormel Foods has a one year low of $19.70 and a one year high of $31.86. The business has a fifty day moving average of $21.40 and a two-hundred day moving average of $22.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 2.66.

Hormel Foods (NYSE:HRL – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Hormel Foods had a net margin of 4.03% and a return on equity of 9.38%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. As a group, analysts predict that Hormel Foods will post 1.41 earnings per share for the current fiscal year.

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 annualized dividend and a dividend yield of 5.0%. Hormel Foods’s payout ratio is 131.46%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HRL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $23.00 price objective (down from $28.00) on shares of Hormel Foods in a research note on Thursday, April 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research report on Tuesday, April 21st. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research report on Thursday, May 21st. Finally, Stephens set a $22.00 price target on Hormel Foods and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hormel Foods currently has an average rating of “Hold” and a consensus target price of $25.33.

Check Out Our Latest Report on Hormel Foods

Key Headlines Impacting Hormel Foods

Here are the key news stories impacting Hormel Foods this week:

Positive Sentiment: Hormel beat second-quarter estimates, posting adjusted EPS of $0.40 versus $0.35 expected and revenue of about $2.97 billion, slightly above forecasts. Reuters article
Positive Sentiment: Investors were encouraged by continued organic sales growth and margin improvement, with all three core segments — Retail, Foodservice, and International — showing profit growth. PR Newswire article
Positive Sentiment: Management said consumers are trading into affordable protein and convenience foods, supporting demand for Hormel’s chicken, turkey, and branded protein products. Benzinga article
Positive Sentiment: Commentary from the earnings call emphasized margin-driven momentum and a stronger profit recovery narrative, helping offset concerns about prior underperformance. TipRanks article
Neutral Sentiment: Hormel reaffirmed full-year adjusted EPS guidance of $1.43 to $1.51 and revenue guidance of $12.2 billion to $12.5 billion, which was broadly in line with expectations but not a major new upside surprise.
Negative Sentiment: GAAP results were weaker than adjusted results, and the company lowered some GAAP outlook items due to a loss related to the sale of its whole-bird turkey business, which could keep some pressure on headline reported earnings. WSJ article

Institutional Investors Weigh In On Hormel Foods

A number of hedge funds have recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new position in shares of Hormel Foods in the 2nd quarter valued at approximately $26,000. Strive Financial Group LLC bought a new stake in shares of Hormel Foods in the fourth quarter worth $27,000. Motiv8 Investments LLC acquired a new stake in Hormel Foods in the fourth quarter valued at $28,000. Parkside Financial Bank & Trust boosted its stake in Hormel Foods by 354.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock valued at $31,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Ankerstar Wealth LLC bought a new stake in shares of Hormel Foods in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

About Hormel Foods

(Get Free Report)

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.