Short answer
Hormel Foods (HRL) filed its Q1 2026 10-Q quarterly report on Feb 26, 2026 for the quarter ended Jan 25, 2026. Quarterly revenue was $3.0B (up 1.3% year over year) with net income of $182M.
Q1 2026 key financials · XBRL
- Revenue
- $3.0B
- +1.3% YoY
- Net income
- $182M
- +6.6% YoY
- Operating margin
- 8.0%
- Gross margin
- 15.5%
- EPS (diluted)
- $0.33
- +6.5% YoY
Source: XBRL data from the Hormel Foods (HRL) Q1 2026 10-Q on SEC EDGAR. USD.
Hormel Foods Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net sales $3.03B, up 1.3% YoY ($38.5M increase); organic net sales +1.6% ex-Justin's divestiture
- Gross margin 15.5% vs 15.9% YoY; operating margin 8.1% vs 7.6% YoY; adjusted EPS $0.34 vs $0.35 YoY
- Best segment: Foodservice profit +12.8% to $156.5M on pricing actions; worst: Retail profit -19.3% to $96.2M on input/logistics cost pressures
- Operating cash flow $349M, up 13% YoY; cash $868M; capex $69M; $79M proceeds from Justin's sale; no share repurchases
- Outlook: expects FY26 net sales growth and ad spend increase; headwinds include elevated logistics costs, tariff uncertainty, and slowing consumer demand
Risk Factors
- No material changes from 10-K for fiscal year ended October 26, 2025; all prior risk factors carried forward unchanged
- Key carried-forward risk: commodity input cost volatility (pork, turkey, feed) directly pressures Hormel's protein-heavy cost structure
- Supply chain/operational risk: avian influenza outbreaks historically disrupt turkey segment, a recurring material exposure for Hormel
- Competitive/market risk: private-label trade-down pressure in packaged foods amid consumer value-seeking behavior threatens branded pricing power
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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