Welcome to our dedicated page for Hormel Foods news (Ticker: HRL), a resource for investors and traders seeking the latest updates and insights on Hormel Foods stock.
Hormel Foods Corporation reports developments as a global branded food company with a portfolio spanning Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O and other food brands. Company updates commonly address quarterly earnings, dividends on common stock, product and menu innovation, foodservice offerings, retail launches, and portfolio actions across perishable and shelf-stable foods.
Recent corporate news also reflects Hormel's shift toward value-added proteins, including the completed sale of its whole-bird turkey business while retaining the Jennie-O brand and value-added turkey products. Other recurring themes include food safety and quality leadership, community programs tied to food security, and brand activity in categories such as pizza toppings, sauces, marinades, nut butters and packaged proteins.
Hormel Foods (NYSE: HRL) reported third quarter fiscal 2026 net sales of $2.96 billion, down from $3.03 billion, with organic net sales down 2%. Operating income was $111 million and adjusted operating income $266 million, yielding operating and adjusted operating margins of 3.7% and 9.0%, respectively. Diluted EPS was $0.11, while adjusted diluted EPS was $0.37. Cash flow from operations rose 54% to $241 million.
For full-year 2026, Hormel Foods now expects net sales of $12.1–$12.2 billion, implying 1%–2% organic growth. Adjusted operating income guidance was raised to $1.08–$1.12 billion and adjusted EPS to $1.45–$1.51, both reflecting 6%–10% growth, while GAAP EPS guidance was reduced to $1.06–$1.12. The company closed the sale of its Brazil operations (Ceratti brand) early in the fourth quarter; the related loss, an impairment on a minority investment in Indonesia, and a litigation settlement together significantly affected GAAP results and the 42.3% effective tax rate.
Hormel Foods (NYSE: HRL), owner of the SPAM® brand, announced a partnership with airport hospitality group OTG to launch the new SPAM® Dog at Minneapolis–Saint Paul International Airport (MSP). Through the second week of September, travelers can try limited-time SPAM® Dog dishes at three OTG-operated restaurants in Terminal 1: two Custom Burgers locations, Shoyu and Mill City Tavern. The airport launch gives guests early access ahead of the SPAM® Dog’s Minnesota State Fair debut, running August 27–September 7, where it will be served at The SPAM® Truck near the Grandstand.
Hormel Foods (NYSE: HRL) appointed Ash Bhumbla as executive vice president and chief financial officer, effective Sept. 8, 2026. He will lead the finance organization, oversee financial strategy and capital allocation, and join the senior leadership team. Interim CFO Paul Kuehneman will support the transition and remain a key finance leader.
Hormel Foods (HRL), through its HORMEL® Chili brand, announced a new co-branded product developed with OMAHA STEAKS®: HORMEL® Chili & OMAHA STEAKS® 100% Natural Beef Chili with Beans. The recipe was jointly created to emphasize prominent beef pieces, hearty vegetables, rich seasoning and a slow-simmered, competition-style texture.
According to Hormel Foods, Omaha Steaks contributed its expertise in premium meats and eating experience, while Hormel Chili focused on convenient meal preparation. The new chili is now available nationally at select retailers, with additional product, nutrition and recipe information provided at hormelchili.com.
Hormel Foods (NYSE: HRL) announced its fifth cohort of 10 Under 20 Food Heroes, honoring ten young leaders across the U.S. who are addressing food insecurity, equitable food access and sustainability. Their initiatives have collectively distributed thousands of meals, rescued tens of thousands of pounds of food, and mobilized thousands of volunteers.
Honorees will travel to Hormel Foods’ Austin, Minnesota, headquarters for an award ceremony and panel discussion. According to the company, each Food Hero will receive a $2,500 grant from the Hormel Foods Charitable Trust to support expansion of their projects and leadership development.
Hormel Foods (NYSE: HRL), through its PLANTERS® brand, is introducing a Fall 2026 seasonal snacking collection. The lineup features the return of Apple Cider Donut Cashews (13 oz.) and a new flavor, Maple Brown Sugar Almonds (15.25 oz.), available on Amazon and at major retailers including Kroger, select Albertsons and Safeway stores, Publix and Ahold starting mid-August.
The brand is also expanding its Special Reserve Peanuts with a new 34 oz. shareable size sold exclusively via Sam's Club e-commerce in early October, while the 13 oz. Special Reserve returns on Amazon beginning August 18. All offerings are limited-time seasonal products rolling out across retailers in August and September.
Hormel Foods (NYSE: HRL) announced it will hold a webcast and conference call to discuss its fiscal 2026 third quarter financial results. The call will feature interim chief executive officer Jeff Ettinger, president John Ghingo, and interim chief financial officer and controller Paul Kuehneman.
According to Hormel Foods, the company will release its third quarter earnings before U.S. markets open on Thursday, August 27, 2026, followed by a conference call at 8 a.m. CT (9 a.m. ET). The live webcast, replay, and related materials will be accessible through the Hormel Foods investor website at investor.hormelfoods.com.
Hormel Foods (NYSE: HRL) has completed the sale of its Brazilian operations, which operate under the CERATTI brand, to Zanchetta Alimentos LTDA, a Brazilian food company with an established local presence. The transaction follows a definitive agreement announced on June 29, 2026. Financial terms were not disclosed.
According to Hormel Foods, the divestiture aligns with efforts to simplify and streamline its portfolio and concentrate its international strategy on markets with stronger long-term growth opportunities. The company expects the sale to have a minimal impact on adjusted fiscal 2026 financial results, with further details to be provided on its third-quarter 2026 earnings call.
Hormel Foods (NYSE: HRL) announced that its board has appointed John Ghingo as president and chief executive officer, effective Oct. 26, 2026. Ghingo, currently president and board member, will succeed interim CEO Jeff Ettinger and continue serving on the Hormel Foods board.
According to the company, Ghingo has over 25 years of consumer packaged goods leadership and currently oversees the Retail, Foodservice and International segments, as well as global operations, supply chain, R&D, IT and corporate strategy. Ettinger will remain interim CEO through Oct. 25, 2026 and then continue as a director to support a smooth leadership transition.
Hormel (NYSE:HRL) launched new HORMEL Pepperoni Snack Bites, a refrigerated protein snack for quick, satisfying eating occasions. The bites use thick-sliced pepperoni in a smaller, snackable format and come in three flavors: Original, Parmesan and Dill Pickle.
The resealable tray is designed for grazing, sharing and ready-to-eat convenience.