Hormel Foods (HRL) Stock Falls 9% After Sales Forecast Cut and Q3 Revenue Miss
TLDR
- Hormel cut its fiscal 2026 net sales forecast to $12.1B-$12.2B, down from $12.2B-$12.5B
- Q3 revenue fell 2.4% to $2.96B, missing analyst estimates of $3.04B
- Retail segment sales dropped 4%, with volumes falling 9%
- Lower prices for commodity turkey and private-label snack nuts were key drivers of the miss
- HRL stock fell 9.1% to $21.57 on Thursday
Hormel Foods (HRL) stock fell 9.1% to $21.57 on Thursday after the company cut its annual sales forecast and reported a third-quarter revenue miss.
The company now expects fiscal 2026 net sales of $12.1 billion to $12.2 billion. That is down from its prior forecast of $12.2 billion to $12.5 billion.
Q3 revenue came in at $2.96 billion, a 2.4% decline year over year and below analyst estimates of $3.04 billion. Adjusted earnings per share came in at 37 cents, beating the 35-cent estimate.
$HRL (Hormel Foods) Q3 FY26 Earnings
GAAP messyโฆ
adjusted guide goes up anyway ๐
๐ KEY METRICS (Q3 FY26)
๐น Net Sales: $2.96B (vs $3.03B; organic โ2%) ๐ด
๐น Operating Income: $111M | Margin 3.7% ๐ด
๐น Adj. Operating Income: $266M | Margin 9.0%
๐น Diluted EPS:โฆโฆ Continue reading the full article at the original source below.
