Hormel Foods Corporation (NYSE: HRL) reported its first quarter 2026 earnings results today.
Net sales increased 1.3% year-over-year to $3.03 billion. Organic sales were up 2%.
Net earnings attributable to Hormel Foods Corporation were $181.8 million, or $0.33 per share, compared to $170.5 million, or $0.31 per share, last year. Adjusted EPS was $0.34.
Earnings beat estimates while revenues missed the mark.
For fiscal year 2026, the company expects net sales of $12.2-12.5 billion and organic sales growth of 1-4%. GAAP EPS is expected to be $1.37-1.46 and adjusted EPS is expected to be $1.43-1.51.
The stock stayed green in premarket hours on Thursday.