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AI English summary of an SEC filing — figures as filed

Hormel Foods logoHormel Foods HRL

Hormel Foods reported net sales of $3.03 billion, operating income of $244 million and diluted earnings per share of $0.33 for the first quarter of fiscal 2026 ended January 25, 2026. Adjusted operating income was $247 million and adjusted diluted earnings per share was $0.34.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. Hormel Foods reported net sales of $3.03 billion, operating income of $244 million and diluted earnings per share of $0.33 for the first quarter of fiscal 2026 ended January 25, 2026. Adjusted operating income was $247 million and adjusted diluted earnings per share was $0.34.

  2. The company said Retail segment net sales declined 2% in the first quarter and segment profit declined 19%. It cited lower sales, higher raw material input costs and higher logistics expenses as factors in the segment profit decline, and also noted the strategic exit from select non-core private label snack nut items and declines in branded and private label packaged deli items.

  3. Hormel Foods said cash flow from operations was $349 million, capital expenditures were $69 million and the company returned approximately $160 million to stockholders through dividends in the first quarter. Cash on hand at quarter end was $868 million, an increase of $197 million from the end of fiscal 2025.

  4. The company updated its fiscal 2026 diluted earnings per share GAAP guidance to $1.37 to $1.46, compared with prior guidance of $1.29 to $1.39, and reaffirmed adjusted diluted earnings per share guidance of $1.43 to $1.51. It reaffirmed net sales guidance of $12.2 billion to $12.5 billion and said this guidance does not include the impacts of the whole-bird turkey business sale.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

First Quarter Net Sales $3.03 billion, Operating Income $244 million

Hormel Foods reported net sales of $3.03 billion, operating income of $244 million and diluted earnings per share of $0.33 for the first quarter of fiscal 2026 ended January 25, 2026. Adjusted operating income was $247 million and adjusted diluted earnings per share was $0.34.

Source · Based on the filing body and exhibits

Retail Segment Net Sales Down 2%, Segment Profit Down 19%

The company said Retail segment net sales declined 2% in the first quarter and segment profit declined 19%. It cited lower sales, higher raw material input costs and higher logistics expenses as factors in the segment profit decline, and also noted the strategic exit from select non-core private label snack nut items and declines in branded and private label packaged deli items.

Source · Based on the filing body and exhibits

First Quarter Operating Cash Flow $349 million, Cash $868 million

Hormel Foods said cash flow from operations was $349 million, capital expenditures were $69 million and the company returned approximately $160 million to stockholders through dividends in the first quarter. Cash on hand at quarter end was $868 million, an increase of $197 million from the end of fiscal 2025.

Source · Based on the filing body and exhibits

Fiscal 2026 Outlook: GAAP Updated, Adjusted Guidance Reaffirmed

The company updated its fiscal 2026 diluted earnings per share GAAP guidance to $1.37 to $1.46, compared with prior guidance of $1.29 to $1.39, and reaffirmed adjusted diluted earnings per share guidance of $1.43 to $1.51. It reaffirmed net sales guidance of $12.2 billion to $12.5 billion and said this guidance does not include the impacts of the whole-bird turkey business sale.

Source · Based on the filing body and exhibits

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 ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.