Hormel Foods said diluted earnings per share for Q2 of fiscal 2025 were $0.33, down 3% compared to the same period last year. Adjusted diluted earnings per share were $0.35. Net sales for the quarter were comparable to the prior year, and organic net sales increased 1%.

1. 01

   Hormel Foods said diluted earnings per share for Q2 of fiscal 2025 were $0.33, down 3% compared to the same period last year. Adjusted diluted earnings per share were $0.35. Net sales for the quarter were comparable to the prior year, and organic net sales increased 1%.

2. 02

   Hormel Foods said total segment profit for Q2 decreased 3%. The company cited benefits from operational efficiencies as part of the T&M initiative and SG&A expenses as factors in Retail segment profit growth, while Foodservice and International segment profit each declined.

3. 03

   Hormel Foods said earnings before income taxes for Q2 decreased 6%, and adjusted earnings before income taxes decreased 8%. The company cited a pre-tax impact of $16.6 million from non-recurring expenses related to the Transform and Modernize initiative in Q2, most of which was recorded in selling, general, and administrative expenses.

4. 04

   The company said cash provided by operating activities for the first 6 months of fiscal 2025 was $366 million, a 43% decrease from the comparable period of the prior year. It cited an inventory build in Q2 in advance of the important summer selling season as the primary reason for the decline, and said inventory increased $156 million during the period.

Key figures

Quarter ended April 27, 2025

Revenue

$2.9B

Operating income

$248M

Net income

$180M

EPS

$0.33

Gross profit

$484M

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.

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

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