Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34
Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey Business
Presenting at the 2026 Consumer Analyst Group of New York (CAGNY) Conference
AUSTIN, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m. ET, and reaffirmed its expected organic net sales1 and adjusted diluted earnings per share1 guidance for fiscal 2026.
The Company separately announced entry into a definitive agreement to sell its whole-bird turkey business, reflecting its ongoing portfolio shaping efforts. The Company will release its first quarter fiscal 2026 financial results on Thursday, Feb. 26, 2026.
Preliminary First Quarter Fiscal 2026 Results
Hormel Foods expects first quarter fiscal 2026 net sales of approximately $3 billion, reflecting 2% organic net sales1 growth compared to the first quarter of fiscal 2025. This will mark the Company's fifth consecutive quarter of year-over-year organic net sales1 growth.
Hormel Foods expects preliminary first quarter fiscal 2026 diluted earnings per share of $0.33 and adjusted diluted earnings per share1 of $0.34.
"We are pleased with our preliminary first quarter results," said Jeff Ettinger, interim chief executive officer. "They reflect a solid start to the year, are aligned with our expectations and give us confidence that we are focused on the right initiatives to return Hormel Foods to profitable growth."
At the 2026 CAGNY conference, Ettinger will reaffirm the Company's fiscal 2026 organic net sales1 and adjusted diluted earnings per share1 guidance and review key initiatives for success in fiscal 2026. John Ghingo, president, will discuss the Company's unique position in the food industry, and leadership's expectations for achieving its previously announced long-term growth algorithm of 2-3% organic net sales1 growth and 5-7% operating profit growth.
Portfolio Shaping
The Company separately announced it has entered into a definitive agreement to sell its whole-bird turkey business ...
