Hormel Foods Corporation Announces Leadership Appointment and Provides Business Updates
Hormel Foods (NYSE: HRL) named Paul Kuehneman interim CFO and controller, effective Oct 27, 2025, while conducting a CFO search.
The company expects fourth-quarter fiscal 2025 net sales toward the top of prior guidance but now anticipates adjusted EPS to be $0.08–$0.09 below prior expectations. Hormel cited persistent commodity inflation, HPAI and pneumovirus impacts in poultry, a peanut-butter plant fire in Little Rock (production to resume early Q1 FY2026), and a voluntary Class 1 chicken-product recall. The company expects non-cash impairment charges mainly in International and snack nuts and will report final results in early December.
Hormel Foods (NYSE: HRL) ha nominato Paul Kuehneman interim CFO e controller, con effetto dal 27 ottobre 2025, mentre conduce una ricerca per il CFO.
L'azienda si aspetta che le vendite nette del quarto trimestre dell'anno fiscale 2025 si avvicinino al limite superiore della guidance precedente, ma ora prevede che l'utile per azione rettificato sia $0.08–$0.09 sotto le previsioni precedenti. Hormel ha citato persistente inflazione delle materie prime, impatti di HPAI e pneumovirus nel pollame, un incendio in uno stabilimento di burro d'arachidi a Little Rock (la produzione riprenderà all'inizio del Q1 FY2026) e un richiamo volontario di prodotti di pollo di Classe 1. L'azienda prevede oneri di impairment non monetari principalmente in International e snack nuts e riferirà i risultati finali all'inizio di dicembre.
Hormel Foods (NYSE: HRL) nombró a Paul Kuehneman CFO interino y controlador, con efecto a partir del 27 de octubre de 2025, mientras lleva a cabo una búsqueda de CFO.
La empresa espera que las ventas netas del cuarto trimestre fiscal 2025 se sitúen cerca del extremo superior de la guía anterior, pero ahora anticipa que las ganancias por acción ajustadas estén $0.08–$0.09 por debajo de las expectativas previas. Hormel citó la inflación persistente de materias primas, impactos de HPAI y neumovirus en la avicultura, un incendio en una planta de mantequilla de maní en Little Rock (la producción se reanudará a principios del primer trimestre del FY 2026) y un retiro voluntario de productos de pollo de Clase 1. La empresa espera cargos por deterioro no en efectivo principalmente en International y snack nuts y reportará los resultados finales a principios de diciembre.
Hormel Foods (NYSE: HRL)가 Paul Kuehneman을 CFO 대행 및 회계감사로 임명했으며, 2025년 10월 27일부터 효력을 발휘합니다. CFO를 찾는 동안 진행 중입니다.
회사는 회계연도 2025년 재정 4분기의 순매출이 이전 가이던스의 최상단에 근접할 것으로 기대하지만, 이제 조정된 주당순이익(EPS)이 이전 기대치보다 $0.08–$0.09 낮을 것으로 예상합니다. Hormel은 원자재 인플레이션 지속, 가금류의 HPAI 및 폐구균의 영향, Little Rock의 땅콩버터 공장 화재(생산은 FY2026 1분기 초에 재개), 그리고 1급 닭제품의 자발적 리콜을 언급했습니다. 이 회사는 주로 International 및 스낵넛 부문에서 비현금적 손상충당금을 예상하며, 12월 초에 최종 실적을 발표할 예정입니다.
Hormel Foods (NYSE: HRL) a nommé Paul Kuehneman directeur financier par intérim et contrôleur, à compter du 27 octobre 2025, pendant qu'une recherche de CFO est menée.
L'entreprise prévoit que les ventes nettes du quatrième trimestre de l'exercice 2025 se situent vers le sommet de l'orientation précédente, mais anticipe désormais que le bénéfice par action ajusté sera de $0,08–$0,09 en dessous des attentes. Hormel a cité l'inflation persistante des matières premières, les impacts de la grippe aviaire aviaire (HPAI) et du pneumovirus chez les volailles, un incendie dans une usine de beurre de cacahuète à Little Rock (la production reprendra au début du 1er trimestre de l'exercice 2026), et un rappel volontaire de produits de poulet de classe 1. L'entreprise prévoit des charges d'imparité non monétaires principalement dans International et les snacks noix et annoncera les résultats finaux début décembre.
Hormel Foods (NYSE: HRL) hat Paul Kuehneman zum vorläufigen CFO und Controller ernannt, mit Wirkung vom 27. Oktober 2025, während eine CFO-Suche läuft.
Das Unternehmen rechnet damit, dass der Nettoumsatz im vierten Quartal des Geschäftsjahres 2025 nahe der oberen Grenze der bisherigen Guidance liegen wird, sieht nun aber vor, dass der bereinigte Gewinn je Aktie um $0,08–$0,09 unter den bisherigen Erwartungen liegen wird. Hormel verwies auf anhaltende Rohstoffinflation, Auswirkungen von HPAI und Pneumoviren in der Geflügelproduktion, einen Brand in einer Erdnussbutterfabrik in Little Rock (die Produktion wird Anfang des Q1 des Geschäftsjahres 2026 wieder aufgenommen) und einen freiwilligen Rückruf von Produkten der Klassen 1 im Geflügelbereich. Das Unternehmen erwartet vorwiegend außerplanmäßige Wertminderungsaufwendungen in den Bereichen International und Snack Nuts und wird die Endergebnisse Anfang Dezember berichten.
Hormel Foods (NYSE: HRL) عينت Paul Kuehneman مديراً مالياً تشغيلياً مؤقتاً ومراقباً، اعتباراً من 27 أكتوبر 2025، بينما يجري البحث عن مدير مالي.
تتوقع الشركة أن تكون المبيعات الإجمالية للربع الرابع من السنة المالية 2025 قريبة من الحد الأعلى لإرشاداتها السابقة، لكنها تتوقع الآن أن يكون ربحية السهم المعدلة أقل بمقدار 0.08–0.09 دولار من التوقعات السابقة. وأشارت Hormel إلى استمرار ارتفاع تكاليف المواد الأساسية، وتأثيرات HPAI والفيروسات التنفّسية في الدواجن، واندلاع حريق في مصنع زبدة الفول السوداني في Little Rock (سيعاد بدء الإنتاج في بداية الربع الأول من FY2026)، واستدعاء طوعي لمنتجات دجاج من الفئة 1. وتتوقع الشركة أن تكون هناك رسوماً غير نقدية لإطفاء الشهرة خصوصاً في International وsnack nuts وسَتُعلن النتائج النهائية في أوائل ديسمبر.
Hormel Foods (NYSE: HRL) 已任命 Paul Kuehneman 为临时首席财务官兼法定会计师，生效日期为 2025 年 10 月 27 日，同时正在进行 CFO 招聘。
公司预计 2025 财年第四季度的净销售额将接近之前指引的上端，但现在预计调整后的每股收益将
- Interim CFO appointment ensures financial leadership continuity
- Net sales expected near the top of prior guidance range
- Adjusted EPS now projected $0.08–$0.09 below prior expectations
- Anticipated non-cash impairment charges in International and snack nuts
- Little Rock peanut butter plant offline; full production early Q1 FY2026
- Voluntary Class 1 recall of certain foodservice chicken products
Insights
Top-line strength offset by near-term profit pressure; non-cash impairments and interim CFO add execution risk.
Revenue drivers cited include retail, foodservice, international channels and specific brands such as PLANTERS® and the turkey portfolio, supporting the company’s claim of continued demand for the quarter ended
Risks to near-term profitability arise from persistent commodity inflation, disease impacts in poultry, a voluntary class 1 recall, and announced non-cash impairment charges tied mainly to the International segment and snack nuts business. Watch the final published fourth-quarter GAAP EPS, the size and nature of the impairment charges, and the CFO search outcome at the early December earnings release and conference call within the usual year-end close timeline.
Operational disruptions undermine margins despite intact demand; recovery timelines drive near-term capacity and cost outcomes.
The Little Rock peanut butter plant fire, a class 1 foodservice chicken recall, and outbreaks of HPAI and pneumoviruses in poultry each create tangible production and safety interruptions. The company reports no injuries and expects Little Rock full production to resume early in
These incidents, combined with elevated commodity inflation, increase the probability of margin compression and one-off accounting hits. Monitor repair progress at Little Rock, the scope and duration of the poultry illness impact, recall follow-up actions, and any quantified productivity or pricing offsets disclosed in the early December results for a clearer view of operational and margin recovery timing.
Leadership Appointment
Hormel Foods Corporation (NYSE: HRL) today announced the appointment of Paul Kuehneman as interim chief financial officer and controller, effective October 27, 2025. He will report to Jeff Ettinger, interim chief executive officer, and is accountable for the Company's accounting, finance, treasury, and internal controls functions.
With more than 30 years of business and finance experience at Hormel Foods, Kuehneman has held a variety of leadership roles, including director of internal audit, vice president and chief financial officer for the Jennie-O Turkey Store, assistant controller, and most recently, vice president and controller of Hormel Foods.
"Paul is a respected leader with deep knowledge of our business and a proven track record of results," said Ettinger. "His broad experience across the organization over three decades makes him well-equipped to support our Company's strategy, maintain financial discipline, and drive long-term shareholder value."
Kuehneman succeeds Jacinth Smiley who is leaving the Company and will be pursuing other opportunities.
"I want to thank Jacinth for her many contributions to Hormel Foods, our culture, and our team," said Ettinger. "We wish her the best in her next endeavor."
The Company intends to conduct a chief financial officer search and will include internal and external candidates in the process.
Fourth Quarter Update
The Company also provided an update on several topics related to its fiscal 2025 fourth quarter, which ended on October 26, 2025.
The Company continues to anticipate strong top-line results for the fourth quarter, driven by sustained demand across its retail, foodservice, and international businesses. Key contributors include the Company's turkey portfolio, the PLANTERS® brand, and its leading positions in the marketplace.
While the Company's protein-centric portfolio remained relevant to customers and consumers in the quarter, the Company continued to experience persistent inflation in key commodity inputs, at levels exceeding expectations. Additionally, the Company was impacted by the spread of highly pathogenic avian influenza (HPAI) and pneumoviruses within the poultry industry. Hormel Foods remains focused on mitigating these headwinds through productivity initiatives and strategic pricing actions.
Late in the quarter, a fire occurred at the Company's
Collectively, Hormel Foods expects net sales growth for the quarter toward the top end of the Company's previously issued guidance range and adjusted earnings per share approximately
"We remain confident in the relevance of our portfolio and our brands and are encouraged by the continued top-line momentum of our business," said Ettinger. "Despite the recent impacts of inflationary pressures and isolated operational disruptions, we believe we are well-positioned to navigate these temporary challenges and are committed to delivering long-term, sustainable growth and value for our shareholders."
Hormel Foods will provide a comprehensive review of its final fourth quarter and full-year results, along with its fiscal 2026 outlook, during its regularly scheduled earnings release and conference call in early December.
Estimates for the fourth quarter of fiscal 2025 presented in this release are preliminary and represent the most current information available to management. Actual results for the quarter may differ due to the completion of the Company's financial closing procedures. The Company has not provided a reconciliation of preliminary results for adjusted earnings per share, as it is not able as of this date, without unreasonable effort, to finalize items required to develop a meaningful comparable GAAP financial measure.
ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation (NYSE: HRL), based in
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, which are based on the Company's current assumptions and expectations. These statements are typically accompanied by the words "aim," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "seek," "target," "will," "would," or similar words or expressions. The principal forward-looking statements in this press release include statements regarding the Company's fiscal 2025 fourth quarter outlook, future financial and operational performance, and production facility operations.
All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although the Company believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors which could cause the Company's actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that the Company may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative; risk of the Company's inability to protect information technology (IT) systems against, or effectively respond to, cyber-attacks, security breaches or other IT interruptions; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company's products; risks related to the Company's ability to respond to changing consumer preferences; damage to the Company's reputation or brand image; risks of litigation; risks associated with trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at www.hormelfoods.com in the "Investors" section. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company cautions that other factors may in the future prove to be important in affecting the Company's business or results of operations. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement.
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FAQ
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