Hormel Foods Q3 Earnings Beat on Margin Expansion, Sales Miss
Hormel Foods reported Q3 adjusted EPS of 37 cents, beating consensus estimates, but net sales fell 2.4% to $2.96B, missing expectations. The company expanded operating margins by 60 basis points despite volume declines across segments. Hormel lowered fiscal 2026 sales guidance to $12.1-$12.2B but raised EPS guidance to $1.45-$1.51, reflecting a Brazil divestiture and challenging external environment.