With a market cap of $13.1 billion, Hormel Foods Corporation (HRL) is a leading global manufacturer and marketer of meat and food products. With iconic brands like SKIPPY™, SPAM™, Hormel™, and Planters™, the company offers a wide range of perishable and shelf-stable products across retail, foodservice, and international markets.
The Austin, Minnesota-based company is expected to announce its fiscal Q4 2026 results soon. Ahead of this event, analysts expect Hormel Foods to report an adjusted EPS of $0.38, up 18.8% from $0.32 in the year-ago quarter. It has surpassed Wall Street's earnings estimates in each of the last four quarters.
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For fiscal 2026, analysts project the Skippy peanut butter maker to post an adjusted EPS of $1.48, a 8% rise from $1.37 in fiscal 2025.
Shares of Hormel Foods have declined 2.5% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 12.4% increase and the State Street Consumer Staples Select Sector SPDR ETF's (XLP) 15.2% gain over the same period.
Hormel Foods shares tumbled 10.3% on Aug. 27 after the company cut its fiscal 2026 sales forecast to $12.1 billion - $12.2 billion, reflecting weak consumer demand, a 4% decline in retail sales, and a 9% drop in retail volumes. Q3 2026 revenue fell 2.4% to $2.96 billion, missing the estimate, as weaker retail and international demand and lower commodity-based pricing weighed on results, while organic sales growth guidance was narrowed to 1% - 2%.
Although Hormel raised its full-year adjusted EPS outlook to $1.45 - $1.51 and Q3 adjusted EPS of $0.37 beat the estimate, the weaker sales outlook and pressured consumer environment drove the sharp selloff.
Analysts' consensus view on HRL stock is cautious, with an overall "Hold" rating. Among 10 analysts covering the stock, two recommend "Strong Buy" and eight suggest "Hold." The average analyst price target is $24.75, indicating a potential upside of 20.1% from the current levels.
On the date of publication, Sohini Mondal did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
