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Hormel Foods logoHormel Foods HRL

The company said net sales for fiscal 2026 Q2 (ended April 26, 2026) were $2.97 billion, operating income was $217 million, and diluted earnings per share were $0.29. Adjusted operating income was $294 million, and adjusted diluted earnings per share were $0.40.

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

Key points

AI summary
  1. The company said net sales for fiscal 2026 Q2 (ended April 26, 2026) were $2.97 billion, operating income was $217 million, and diluted earnings per share were $0.29. Adjusted operating income was $294 million, and adjusted diluted earnings per share were $0.40.

  2. Hormel Foods said net sales for Q2 rose 0.3% in Retail, 6.4% in Foodservice and 4.3% in International, and segment profit increased 13.5%, 10.8% and 20.3%, respectively.

  3. The company said it completed the sale of its whole-bird turkey business in Q2, and that the loss on the sale, including transaction costs, was $61 million. It revised its full-year diluted earnings per share outlook to $1.28 to $1.37 from the previous $1.37 to $1.46, and reaffirmed its adjusted diluted earnings per share outlook of $1.43 to $1.51.

  4. The company said operating cash flow was $179 million for Q2, capital expenditures were $82 million, and it returned $161 million to stockholders through dividends. Cash on hand at quarter end was $827 million, an increase of $156 million from the end of fiscal 2025.

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.

Second-quarter net sales $2.97 billion, operating income $217 million

The company said net sales for fiscal 2026 Q2 (ended April 26, 2026) were $2.97 billion, operating income was $217 million, and diluted earnings per share were $0.29. Adjusted operating income was $294 million, and adjusted diluted earnings per share were $0.40.

Source · Based on the filing body and exhibits

Net Sales and Segment Profit Changes by Segment

Hormel Foods said net sales for Q2 rose 0.3% in Retail, 6.4% in Foodservice and 4.3% in International, and segment profit increased 13.5%, 10.8% and 20.3%, respectively.

Source · Based on the filing body and exhibits

Whole-Bird Turkey Sale Loss and Outlook Revision

The company said it completed the sale of its whole-bird turkey business in Q2, and that the loss on the sale, including transaction costs, was $61 million. It revised its full-year diluted earnings per share outlook to $1.28 to $1.37 from the previous $1.37 to $1.46, and reaffirmed its adjusted diluted earnings per share outlook of $1.43 to $1.51.

Source · Based on the filing body and exhibits

Q2 Cash Flow and Quarter-End Cash Balance

The company said operating cash flow was $179 million for Q2, capital expenditures were $82 million, and it returned $161 million to stockholders through dividends. Cash on hand at quarter end was $827 million, an increase of $156 million from the end of fiscal 2025.

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.

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.