Hormel Foods said net sales for Q3 of fiscal 2025 increased 5% compared to the prior year, with organic net sales up 6%. Diluted earnings per share were $0.33, up 3%, while adjusted diluted earnings per share were $0.35, down 5%.

1. 01

   Hormel Foods said net sales for Q3 of fiscal 2025 increased 5% compared to the prior year, with organic net sales up 6%. Diluted earnings per share were $0.33, up 3%, while adjusted diluted earnings per share were $0.35, down 5%.

2. 02

   The company said total segment profit for Q3 decreased 3%, with declines in each segment. It cited input cost pressures and higher SG&A expenses in Retail, the rise in commodity input costs and margin pressures primarily in non-core businesses in Foodservice, and competitive pressures in Brazil and lower pork offal margins in International as factors that more than offset net sales growth.

3. 03

   Hormel Foods said cash provided by operating activities for the first 9 months of fiscal 2025 was $522 million, a 39% decrease compared to the prior year. The company cited a planned inventory build in Q2 and Q3 and elevated commodity market prices as the primary reasons for the decline. Inventory increased $247 million during the period.

4. 04

   The company said it paid dividends of $474 million during the first 9 months of fiscal 2025 and capital expenditures were $219 million. As of July 27, 2025, the company had no outstanding borrowings from its $750 million unsecured revolving credit facility.

Key figures

Quarter ended July 27, 2025

Revenue

$3.0B

Operating income

$240M

Net income

$184M

EPS

$0.33

Gross profit

$487M

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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