Form 8-K · Current report
Hormel Foods 8-K, filed Aug 27, 2026
- Filed
- CIK
- 0000048465
- Accession no.
- 0000048465-26-000053
Summary
Hormel Foods reported third-quarter fiscal 2026 net sales of $2.96 billion with organic net sales down 2% and adjusted diluted earnings per share of $0.37, and raised and narrowed its full-year adjusted EPS outlook to $1.45–$1.51. Interim CEO Jeff Ettinger cited solid results and year-to-date performance, while president and CEO-elect John Ghingo attributed the sales decline to portfolio-shaping actions, lower commodity-based pricing and a pressured consumer environment; the company also closed the sale of its Brazil operations under the Ceratti brand early in the fourth quarter.
Key points
- Third-quarter net sales were $2.96 billion, with organic net sales down 2%, operating income of $111 million and adjusted operating income of $266 million.
- Full-year fiscal 2026 guidance: net sales of $12.1–$12.2 billion, adjusted operating income of $1.08–$1.12 billion and adjusted diluted EPS of $1.45–$1.51, both reflecting 6%–10% growth.
- Quarterly results included significant pre-tax items: a $56 million loss on the Brazil divestiture, a $48 million non-cash impairment on a minority investment in Indonesia and a $38 million litigation settlement.
- The Foodservice segment posted its 12th consecutive quarter of organic net sales growth, up 2%, while Retail organic net sales fell 3% and International organic net sales fell 4%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition On August 27, 2026, Hormel Foods Corporation (the Company) issued an earnings release announcing its financial results for the third quarter ended July 26, 2026. A copy of the earnings release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference. Section 9 – FINANCIAL STATEMENTS AND EXHIBITS Item 9.01 Financial Statements and Exhibits (d) Exhibits 99 Earnings Release issued August 27, 2026 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. …
An excerpt of the text as filed with the SEC, cut for length.
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