Hormel Foods reported third-quarter earnings per share of $0.37, exceeding analyst expectations by $0.02, while revenue totaled $2.96 billion, below the $3.05 billion consensus estimate.
The company’s adjusted EPS came in at $0.37, up from $0.35 in the same period last year. Revenue declined 3.2% year-over-year, reflecting softer demand in key categories.
For the full fiscal year 2026, Hormel maintained its earnings guidance in a range of $1.45 to $1.51 per share, compared with the $1.50 consensus. Revenue guidance was adjusted to $12.10 billion to $12.20 billion, below the $12.24 billion forecast.
The company’s stock closed at $23.71 on Wednesday, up 2.07% over the past three months but down 5.99% over the last 12 months. Analyst revisions over the past 90 days have been mixed, with one upward EPS adjustment and five downward revisions.
Hormel’s performance was rated as "fair" by InvestingPro’s financial health score, reflecting stable operational execution despite top-line pressures.
