The earnings call highlighted strong top-line growth across segments and a thriving China market. However, significant challenges, particularly from commodity cost inflation and lagging profitability, tempered the positive aspects. The company remains confident in its strategic initiatives and future growth, but near-term profitability pressures persist.

Company Guidance

In the third quarter of fiscal year 2025, Hormel Foods Corporation reported a 6% increase in organic net sales, marking the third consecutive quarter of growth, driven by all three business segments. However, the company faced challenges as unanticipated surges in commodity input costs, particularly in pork, beef, and nuts, pressured margins and prevented top-line gains from translating into expected bottom-line growth. Pork bellies, for example, increased by approximately 30% compared to the previous year. The company is taking targeted pricing actions to address these inflationary pressures, expecting profit recovery to lag into 2026. Despite the challenges, Hormel remains confident in its strategic initiatives, including the Transform and Modernize (T and M) program, which is projected to deliver between $100 million and $150 million in incremental benefits for fiscal 2025, potentially reaching the high end of this range. Looking ahead, Hormel plans to share detailed guidance for fiscal 2026 in its fourth-quarter earnings call, focusing on sustainable growth and enhanced profitability.

Organic Net Sales Growth

Achieved an impressive organic net sales increase of 6% in the third quarter, marking three consecutive quarters of growth.

Retail Segment Performance

Flagship and rising brands delivered 3% dollar consumption growth. Notable volume-led momentum in brands like SPAM, Black Label Bacon, and Hormel Pepperoni.

Foodservice Segment Growth

Organic volume and net sales growth in the Foodservice segment outpaced broader industry results in the third quarter.

Strong China Market Growth

Net sales growth in the third quarter driven by a thriving China business, with growth across both foodservice and retail channels.

Hormel Foods (HRL) Earnings, Revenues Date & History

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HRL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q4)	0.44 / -	0.42	―	―	―
Aug 28, 2025	2025 (Q3)	0.40 / 0.35	0.37	-5.41% (-0.02)
May 30, 2025	2025 (Q2)	0.34 / 0.35	0.38	-7.89% (-0.03)
Feb 27, 2025	2025 (Q1)	0.38 / 0.35	0.41	-14.63% (-0.06)
Dec 04, 2024	2024 (Q4)	0.42 / 0.42	0.42	0.00% (0.00)
Sep 04, 2024	2024 (Q3)	0.36 / 0.37	0.4	-7.50% (-0.03)
May 30, 2024	2024 (Q2)	0.36 / 0.38	0.4	-5.00% (-0.02)
Feb 29, 2024	2024 (Q1)	0.34 / 0.41	0.4	2.50% (<+0.01)
Nov 29, 2023	2023 (Q4)	0.44 / 0.42	0.51	-17.65% (-0.09)
Aug 31, 2023	2023 (Q3)	0.41 / 0.40	0.4	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

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Missed

HRL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 30, 2025	$30.09	$30.39	+1.00%
Feb 27, 2025	$28.18	$27.84	-1.21%
Dec 04, 2024	$30.91	$31.08	+0.55%
Sep 04, 2024	$31.90	$29.86	-6.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.