Form 10-Q · Quarterly report
Hormel Foods 10-Q, filed Aug 27, 2026
- Filed
- CIK
- 0000048465
- Accession no.
- 0000048465-26-000055
Summary
Hormel Foods reported fiscal third-quarter 2026 diluted earnings per share of $0.11, down 67% from a year earlier, while adjusted diluted EPS rose 6% to $0.37; net sales fell 2% to $2.96 billion. Results included a $56 million loss on the Brazil divestiture, a $48 million non-cash impairment of a minority investment in Indonesia, and a $38 million litigation settlement, part of $155 million in pre-tax nonrecurring and discrete items.
Key points
- Total segment profit fell 17% year over year, with adjusted segment profit flat as Foodservice growth offset a Retail decline.
- Cash flow from operations was $769 million for the first nine months of fiscal 2026, up 47%, on improved inventory management and working capital.
- Volume declined 7.4% in the quarter, driven primarily by the commodity turkey portfolio, with volume down in all three segments.
- The company expects net sales growth in fiscal 2026, citing risks from slowing consumer demand and commodity price fluctuations.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT’S DISCUSSION RESULTS OF OPERATIONS Overview The Company is a global manufacturer and marketer of branded food products and remains focused on driving long-term growth through a balanced business model, a diverse portfolio, and a commitment to creating value for all stakeholders. The Company’s three reportable segments, Retail, Foodservice, and International, are described in Note O - Segment Reporting in the Notes to the Consolidated Financial Statements in this Quarterly Report on Form 10-Q. …
An excerpt of the text as filed with the SEC, cut for length.
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