Earnings Call
May 28, 2026
Q2 FY2026
EPS Estimate
0.35
EPS Actual
0.40
Post-Earnings Close
$23.59
Earnings Reaction
+12.5%
Hormel's fiscal second quarter delivered a genuine beat across the board, with adjusted EPS of $0.40 coming in well ahead of the $0.35 consensus and representing 14% year-over-year growth. Organic net sales grew 3%, marking the sixth consecutive quarter of organic growth, and all three segments, Retail, Foodservice, and International, posted both top-line and profit growth simultaneously. Gross margin expanded 70 basis points to 17.4%, and adjusted operating margin widened 80 basis points, driven by a combination of pricing actions, favorable mix, improved manufacturing performance, and better-than-feared logistics execution. The quarter exceeded management's own internal expectations, and the company is now signaling it is trending toward the upper half of its full-year adjusted EPS guidance range of $1.43, $1.51.
Report generated on May 28, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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