Hormel Foods' Preliminary 1Q Results Indicate Higher EPS, Sales

Dow Jones

Feb 18

By Kelly Cloonan

Hormel Foods' guided for higher earnings per share and sales in its preliminary results for the first quarter.

The food company said Tuesday it expects earnings per share of 33 cents, up from 31 cents in the year-ago quarter.

The company also expects adjusted earnings per share of 34 cents and sales of about $3 billion, or up 1.3%, for the quarter.

Analysts polled by FactSet were looking for adjusted per-share earnings of 32 cents on revenue of $3.07 billion, or up 2.7%.

The company expects to release its quarterly results on Feb. 26.

"They reflect a solid start to the year, are aligned with our expectations and give us confidence that we are focused on the right initiatives to return Hormel Foods to profitable growth," Interim Chief Executive Jeff Ettinger said.

The company also backed its prior fiscal-year guidance for organic net sales and adjusted earnings per share. In December, Hormel guided for organic sales growth of 1% to 4% and adjusted earnings of $1.43 to $1.51 a share for fiscal 2026.

Hormel Foods also said it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations. It expects the transaction to close by the end of its fiscal second quarter. It did not disclose the financial terms of the deal, and said it currently estimates minimal impact on net sales and adjusted diluted earnings per share for fiscal 2026.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

February 17, 2026 19:13 ET (00:13 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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In December, Hormel guided for organic sales growth of 1% to 4% and adjusted earnings of $1.43 to $1.51 a share for fiscal 2026. \n</p>\n<p>\n  Hormel Foods also said it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations. It expects the transaction to close by the end of its fiscal second quarter. It did not disclose the financial terms of the deal, and said it currently estimates minimal impact on net sales and adjusted diluted earnings per share for fiscal 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 17, 2026 19:13 ET (00:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HRL","symbol_name":"荷美尔","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612149131","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612149131","pubTimestamp":1771373580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Hormel Foods' guided for higher earnings per share and sales in its preliminary results for the first quarter.The food company said Tuesday it expects earnings per share of 33 cents, up from 31 cents in the year-ago quarter.The company also expects adjusted earnings per share of 34 cents and sales of about $3 billion, or up 1.3%, for the quarter.Analysts polled by FactSet were looking for adjusted per-share earnings of 32 cents on revenue of $3.07 billion, or up 2.7%.The company expects to release its quarterly results on Feb. 26.\"They reflect a solid start to the year, are aligned with our expectations and give us confidence that we are focused on the right initiatives to return Hormel Foods to profitable growth,\" Interim Chief Executive Jeff Ettinger said.Hormel Foods also said it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations. It expects the transaction to close by the end of its fiscal second quarter. It did not disclose t","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HRL":"荷美尔"},"translate_title":"荷美尔食品第一季度初步业绩显示每股收益和销售额增加","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HRL":1.5},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Hormel Foods' guided for higher earnings per share and sales in its preliminary results for the first quarter. \n\n\n  The food company said Tuesday it expects earnings per share of 33 cents, up from 31 cents in the year-ago quarter. \n\n\n  The company also expects adjusted earnings per share of 34 cents and sales of about $3 billion, or up 1.3%, for the quarter. \n\n\n  Analysts polled by FactSet were looking for adjusted per-share earnings of 32 cents on revenue of $3.07 billion, or up 2.7%. \n\n\n  The company expects to release its quarterly results on Feb. 26. \n\n\n  \"They reflect a solid start to the year, are aligned with our expectations and give us confidence that we are focused on the right initiatives to return Hormel Foods to profitable growth,\" Interim Chief Executive Jeff Ettinger said. \n\n\n  The company also backed its prior fiscal-year guidance for organic net sales and adjusted earnings per share. In December, Hormel guided for organic sales growth of 1% to 4% and adjusted earnings of $1.43 to $1.51 a share for fiscal 2026. \n\n\n  Hormel Foods also said it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations. It expects the transaction to close by the end of its fiscal second quarter. It did not disclose the financial terms of the deal, and said it currently estimates minimal impact on net sales and adjusted diluted earnings per share for fiscal 2026. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 17, 2026 19:13 ET (00:13 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}