Net earnings attributable to Hormel Foods Corporation were $183.7 million, or $0.33 per share, compared to $176.7 million, or $0.32 per share, last year. Adjusted EPS was $0.35.
Sales beat expectations but earnings missed the mark, causing the stock to fall over 5% in premarket hours on Thursday.
Net sales in the Retail segment increased 5% year-over-year to $1.85 billion. Sales in Foodservice rose 3.5% to $987 million while International sales grew 6% to $187 million compared to last year.
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For the fourth quarter of 2025, Hormel expects net sales of $3.15-3.25 billion. Organic sales is expected to grow 1-4%. GAAP EPS is expected to be $0.36-0.38 while adjusted EPS is expected to be $0.38-0.40.
Prior performance
