Hormel Foods Fiscal Q3 Adjusted Earnings Rise, Sales Fall; 2026 Outlook Updated

06:28 AM EDT, 08/27/2026 (MT Newswires) -- Hormel Foods (HRL) reported fiscal Q3 adjusted earnings Thursday of $0.37 per diluted share, up from $0.35 a year earlier. Analysts polled by FactSet expected $0.35. Net sales for the quarter ended July 26 were $2.96 billion, compared with $3.03 billion a year earlier. Analysts surveyed by FactSet expected $3.03 billion. For fiscal 2026, the company now expects adjusted EPS of $1.45 to $1.51, compared with its prior outlook of $1.43 to $1.51, on sales of $12.1 billion to $12.2 billion, compared with $12.2 billion to $12.5 billion previously. Analysts polled by FactSet expect $1.50 and $12.24 billion, respectively.