HRL
Hormel Foods Corporation23.66
-0.34-1.42%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.02BP/E (TTM)
27.20Basic EPS (TTM)
0.87Dividend Yield
0.05%Recent Filings
10-K
8-K
8-K
8-K
Hormel Q3 sales surge, profits pinch
Hormel Foods reported third-quarter fiscal 2025 net sales of $3.03 billion, up 4.6% from last year, with organic net sales rising 6% on strong volume across segments. Yet earnings disappointed at $0.33 per share, pressured by steep commodity inflation that outpaced pricing actions. Jeff Ettinger, interim CEO, eyes fourth-quarter sales of $3.15-$3.25 billion but warns profits lag into 2026. Top-line momentum shines, but input costs sting.
10-Q
Q3 FY2025 results
Hormel Foods posted solid Q3 sales of $3.0B, up 4.6% y/y and 6% organic, fueled by turkey, Planters nuts, SPAM, and Foodservice custom solutions, though volume edged up just 2.7% y/y amid inventory builds. Gross margin slipped to 16.1% from 16.8% y/y, pressured by pork bellies, beef, and nuts costs, while operating income rose 1.2% y/y to $240M despite higher SG&A. Diluted EPS held steady at $0.33, matching y/y and reconciling neatly to 551K shares. Cash dipped to $599M with $522M operating cash flow (down 39% y/y) and $220M capex, offset by $2.9B debt at fixed rates through 2051 and full $750M revolver access. Non-GAAP metrics like adjusted EPS of $0.35 are defined and reconciled in the 10-Q. Divestitures included Hormel Health Labs in Oct 2024 for $24.5M (gain $3.9M) and Mountain Prairie in Nov 2024 for $13.6M (loss $11.3M). Yet competition in Brazil lingers as a drag.
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