Hormel Foods reported diluted earnings per share of $0.31 for Q1 of fiscal 2025, down 23% compared to the same period last year. Adjusted diluted earnings per share was $0.35. Net sales for the quarter were flat compared to the prior year while organic net sales increased.

10-QQuarterly reportFiled Feb 27, 2025Period of report Jan 26, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Hormel Foods reported diluted earnings per share of $0.31 for Q1 of fiscal 2025, down 23% compared to the same period last year. Adjusted diluted earnings per share was $0.35. Net sales for the quarter were flat compared to the prior year while organic net sales increased.
The company said total segment profit for Q1 decreased 13%. Segment profit growth in the International segment was more than offset by declines in segment profit for each of the Retail and Foodservice segments. Earnings before income taxes decreased 24%, and adjusted earnings before income taxes decreased 18%.
Hormel Foods said the pre-tax impact of expenses related to the T&M initiative, the loss on the sale of a non-core sow operation, and an antitrust litigation settlement in Q1 was $25.7 million, most of which was recorded in SG&A. The company also said the effective tax rate for fiscal 2025 is expected to be between 22.0% and 23.0%.
The company said year-to-date cash flow from operations for Q1 was $309 million, a decrease of 23% compared to the prior year. Capital expenditures for Q1 were $72 million, cash dividends paid to shareholders totaled $155 million, and the company did not repurchase any shares of stock during the period.

Key figures

Quarter ended January 26, 2025

Revenue: $3.0B
Operating income: $228M
Net income: $171M
EPS: $0.31
Gross profit: $475M
Operating cash flow: $309M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 Diluted Earnings Per Share $0.31

Hormel Foods reported diluted earnings per share of $0.31 for Q1 of fiscal 2025, down 23% compared to the same period last year. Adjusted diluted earnings per share was $0.35. Net sales for the quarter were flat compared to the prior year while organic net sales increased.

Source · Based on the MD&A text of the filing

Segment Profit and Earnings Before Income Taxes Changes

The company said total segment profit for Q1 decreased 13%. Segment profit growth in the International segment was more than offset by declines in segment profit for each of the Retail and Foodservice segments. Earnings before income taxes decreased 24%, and adjusted earnings before income taxes decreased 18%.

Source · Based on the MD&A text of the filing

Non-Recurring Items and Annual Effective Tax Rate Outlook

Hormel Foods said the pre-tax impact of expenses related to the T&M initiative, the loss on the sale of a non-core sow operation, and an antitrust litigation settlement in Q1 was $25.7 million, most of which was recorded in SG&A. The company also said the effective tax rate for fiscal 2025 is expected to be between 22.0% and 23.0%.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Uses of Cash

The company said year-to-date cash flow from operations for Q1 was $309 million, a decrease of 23% compared to the prior year. Capital expenditures for Q1 were $72 million, cash dividends paid to shareholders totaled $155 million, and the company did not repurchase any shares of stock during the period.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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