Core Insights - Hormel Foods Corporation is selling its whole-bird turkey business to Life-Science Innovations to enhance profitability and adapt to changing consumer preferences [1][8] - The divestiture reflects Hormel's strategic shift towards value-added protein products, reducing reliance on commodity-driven operations that can lead to earnings volatility [2][5] Transaction Details - Life-Science Innovations will acquire production assets, including a Minnesota processing facility, feed mill, transportation equipment, and grower supply contracts related to the whole-bird business [3] - The transaction is expected to close by the end of the second quarter of fiscal 2026, with co-manufacturing services provided during the transition to ensure customer order fulfillment [3][5] Financial Impact - Management anticipates that the divestiture will have a limited impact on adjusted fiscal 2026 results, with further details to be discussed in the upcoming earnings call [4][8] Strategic Focus - The move is part of Hormel Foods' broader strategy to streamline turkey operations and align resources with key focus areas, ensuring continuity for employees, customers, growers, and suppliers during the transition [5] Market Performance - Hormel Foods shares have increased by 10.4% over the past three months, outperforming the S&P 500 index's growth of 3.2% during the same period [6]

Core Viewpoint - Hormel Foods is a global branded food company focused on protein and consumer understanding, emphasizing strong corporate governance and disciplined capital allocation [1][2] Group 1 - Hormel has raised its dividend for 60 consecutive years, showcasing its commitment to returning value to shareholders [2] - The company is currently navigating a dynamic food environment with a strong portfolio of market-leading brands and a well-positioned foodservice segment [2] - Hormel has an expansive global presence, which supports its competitive positioning in the food industry [2]

Hormel Foods (NYSE:HRL) 2026 Conference February 18, 2026 04:00 PM ET Company ParticipantsJeffrey M. Ettinger - Interim CEOJohn F. Ghingo - PresidentNone - Video NarratorJohn F. GhingoTenure as CEO from 2006 to 2016 included many CAGNY presentations. He just can't get enough. Please join me in thanking Jeff and everyone at Hormel for this morning's break. Hormel Foods is a global branded food company, centered on protein, built around a deep understanding of the consumer. They are building on an outstanding ...

Key Takeaways Hormel Foods expects Q1 net sales of $3B with 2% organic growth and EPS near 33 cents.HRL reaffirmed fiscal 2026 outlook targeting 2-3% organic revenues and 5-7% profit growth.Hormel Foods targets margin gains via pricing discipline and its Transform and Modernize plan.Hormel Foods Corporation (HRL) reported preliminary results for the first quarter of fiscal 2026, reflecting modest sales growth and stable earnings. The early figures suggest that the company is progressing toward its fiscal-ye ...

Hormel Foods has signed an agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI) as part of the company’s efforts to refine its portfolio. In a statement, the US-based food company said the transaction covers assets including the Melrose, Minnesota, whole-bird production facility; the Swanville, Minnesota, feed mill; and associated transportation assets. However, the agreement does not include Hormel Food's Jennie-O brand name or the wider range of Jennie-O turkey products. ...

Investor Contact: IR@hormel.com Media Contact: Media@hormel.com Hormel Foods Announces Preliminary First Quarter 2026 Results and Reaffirms Full-Year Adjusted Guidance Expects Q1 Net Sales of $3 billion; Organic Net Sales Growth of 2% 1 Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS of $0.34 1 Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey Business Presenting at the 2026 Consumer Analyst Group of New York (CAGNY) Conference AUSTIN, Minn. (Feb. 17, 2026) — Hormel Foods Corpora ...

Hormel Foods Announces Preliminary First Quarter 2026 Results and Reaffirms Full-Year Adjusted Guidance [Accessibility Statement] Skip NavigationExpects Q1 Net Sales of $3 billion; Organic Net Sales1 Growth of 2%Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey BusinessPresenting at the 2026 Consumer Analyst Group of New York (CAGNY) ConferenceAUSTIN, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) ...

safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for Hormel's products; risks related to Hormel's ability to respond to changing consumer preferences; damage to Hormel's reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of Hormel's most rece ...

Key Takeaways Hormel Foods guides to FY26 adjusted EPS of $1.43-$1.51, implying 4-10% growth.HRL sees Q1 earnings decline on pricing delays, avian flu supply issues and cost savings lag.Hormel Foods expects pricing benefits, 9% role cuts and efficiencies to lift FY26 visibility.Hormel Foods Corporation (HRL) moves into fiscal 2026 with a better line of sight into its earnings trajectory after a challenging close to fiscal 2025. Management expects transitional headwinds early in the year but sees improving v ...

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. In a volatile time for the food and beverage industry, a few companies are finding a fondness for the past within their C-suite. Since last July, three large food and beverage companies have brought back a CEO who previously ran the company at a time of growth.  The return of Jim Koch at Boston Beer, Joe Scalzo at Simply Good Foods and Jeffrey Ettinger at Hormel Foods – e ...