Hormel Foods said net sales for fiscal 2025 totaled $12.1 billion, an increase of 2% compared to the prior year, but net earnings declined 41%. Diluted earnings per share were $0.87 and adjusted diluted earnings per share were $1.37.

10-KAnnual reportFiled Dec 5, 2025Period of report Oct 26, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Hormel Foods said net sales for fiscal 2025 totaled $12.1 billion, an increase of 2% compared to the prior year, but net earnings declined 41%. Diluted earnings per share were $0.87 and adjusted diluted earnings per share were $1.37.
The company said operating income for fiscal 2025 decreased 33% and adjusted operating income declined 11% compared to the prior year. It explained that non-cash impairment charges recorded in the International and Retail segments significantly impacted earnings.
Hormel Foods said it recorded a non-cash impairment charge of $164 million related to a minority investment in Indonesia in Q4 of fiscal 2025, and recognized impairment of $71 million on intangible assets including the Planters trade name.
The company said it expects organic net sales growth of 1% to 4% in fiscal 2026 and diluted earnings per share of $1.29 to $1.39. It estimated capital expenditures of $260 million to $290 million, compared to $311 million in fiscal 2025.

Key figures

Fiscal year ended October 26, 2025

Revenue: $12.1B
Operating income: $719M
Net income: $478M
EPS: $0.87
Gross profit: $1.9B
Operating cash flow: $845M

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 excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Full-year net sales $12.1 billion, net earnings down 41%

Hormel Foods said net sales for fiscal 2025 totaled $12.1 billion, an increase of 2% compared to the prior year, but net earnings declined 41%. Diluted earnings per share were $0.87 and adjusted diluted earnings per share were $1.37.

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

Operating income down 33% with non-cash impairment charges

The company said operating income for fiscal 2025 decreased 33% and adjusted operating income declined 11% compared to the prior year. It explained that non-cash impairment charges recorded in the International and Retail segments significantly impacted earnings.

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

Indonesia minority investment impairment of $164 million

Hormel Foods said it recorded a non-cash impairment charge of $164 million related to a minority investment in Indonesia in Q4 of fiscal 2025, and recognized impairment of $71 million on intangible assets including the Planters trade name.

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

Fiscal 2026 outlook and capital expenditure plans

The company said it expects organic net sales growth of 1% to 4% in fiscal 2026 and diluted earnings per share of $1.29 to $1.39. It estimated capital expenditures of $260 million to $290 million, compared to $311 million in fiscal 2025.

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.

View the original filing on SEC EDGAR ↗

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