Core Insights - Hormel Foods reported higher sales in its fiscal fourth quarter, indicating a positive trend in revenue generation despite challenges [1] - The company experienced a loss during the quarter, highlighting ongoing profitability pressures primarily due to cost inflation [1] Financial Performance - The fiscal fourth quarter saw an increase in sales for Hormel Foods, but the company still faced a loss [1] - Profitability remains under pressure, which is attributed to persistent cost inflation affecting the company's financial health [1]

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Core Insights - Hormel Foods Corporation reported solid top-line growth for fiscal 2025, driven by brand relevance and a strong value-added portfolio, but faced profitability challenges due to input cost inflation and discrete items [4][6] - The company is focused on reshaping its earnings trajectory in fiscal 2026 with strategic initiatives aimed at consumer needs and operational excellence [4][5] Fiscal 2025 Results - Net sales reached $12.1 billion, with organic net sales up 2% [7] - Operating income was $719 million, with an adjusted operating income of $1,019 million [7] - The effective tax rate was 28.0%, and diluted earnings per share were $0.87, with adjusted diluted earnings per share at $1.37 [7][13] Fiscal 2026 Outlook - The company expects net sales between $12.2 billion and $12.5 billion, with organic net sales growth of 1% to 4% [6][8] - Adjusted operating income is projected to be between $1.06 billion and $1.12 billion, reflecting a growth of 4% to 10% [8] - Adjusted diluted earnings per share are anticipated to be in the range of $1.43 to $1.51, also indicating growth of 4% to 10% [8] Dividend Growth - Hormel Foods announced a 1% increase in its quarterly dividend, marking 60 years of uninterrupted dividend increases [9] Segment Highlights - Retail segment net sales growth was driven by turkey products, Planters snack nuts, and Applegate products, despite a decline in segment profit due to non-cash impairment charges [12][14] - Foodservice segment saw organic net sales growth from customized solutions and branded offerings, but faced profit declines due to a chicken-product recall and rising input costs [15] - International segment growth was led by SPAM and refrigerated products, although it faced challenges from fresh pork exports and competitive pressures in Brazil [16] Financial Position - Cash flow from operations was $845 million, with total long-term debt at $2.9 billion [7][13] - The company maintained a strong financial position with cash on hand of $671 million and inventories of $1.7 billion at fiscal year-end [13][27]

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Financial Performance - Hormel Foods reported fiscal 2025 net sales of $12.1 billion, with organic net sales growth of 2%[5]. - The company expects fiscal 2026 net sales in the range of $12.2 billion to $12.5 billion, with organic net sales growth of 1% to 4%[6]. - Operating income for fiscal 2026 is projected to be between $960 million and $1.03 billion, with adjusted operating income growth of 4% to 10%[6]. - Diluted earnings per share for fiscal 2026 are expected to be in the range of $1.29 to $1.39, with adjusted diluted earnings per share growth of 4% to 10%[6]. - Cash flow from operations for fiscal 2025 was $845 million, with dividends paid to shareholders reaching a record $633 million[10]. - The effective tax rate for fiscal 2025 was 28.0%, compared to 22.3% in the prior year[10]. - Total net sales for the fourth quarter ended October 26, 2025, were $3,185.7 million, representing a 2.3% increase compared to $3,138.1 million in the same quarter of the previous year[40]. - For the fiscal year ended October 26, 2025, total net sales reached $12,106.2 million, a 2.5% increase from $11,920.8 million in the prior year[41]. Profitability Challenges - The company faced profitability challenges in fiscal 2025 due to input cost inflation and non-cash impairment charges totaling $234 million[5][10]. - The company reported a net loss of $56,204 in Q4 2025, compared to net earnings of $219,960 in Q4 2024, resulting in a diluted earnings per share of $(0.10) versus $0.40[23]. - The total segment profit for Q4 2025 was $42,190, an 87.4% decline from $334,331 in Q4 2024, with significant losses reported in the International segment[26]. - The effective tax rate for Q4 2025 was (159.9)%, compared to 21.5% in Q4 2024, reflecting significant tax implications from the net loss[23]. - The Company recorded a goodwill and intangible impairment of $70,751 in Q4 2025, indicating potential challenges in asset valuation[23]. Dividend Information - Hormel Foods announced a 1% increase in its quarterly dividend, raising the annualized rate to $1.17 per share, marking 60 years of uninterrupted dividend increases[8]. - The company declared a dividend of $0.2900 per share for Q4 2025, up from $0.2825 in Q4 2024, with total dividends declared for the fiscal year increasing to $1.1600 from $1.1300[23]. Segment Performance - The Retail segment saw net sales growth driven by the turkey portfolio and Applegate products, despite a decline in segment profit due to input cost pressures[11]. - Retail segment net sales for the fourth quarter were $1,922.8 million, up 0.8% from $1,907.1 million year-over-year[40]. - Foodservice segment net sales increased by 6.5% to $1,088.2 million in the fourth quarter, compared to $1,046.0 million in the previous year[40]. - The international segment's net sales decreased by 5.6% in the fourth quarter, totaling $174.7 million compared to $185.0 million in the prior year[40]. Operational Metrics - Capital expenditures for fiscal 2025 were $311 million, with investments in capacity expansions and technology[10]. - Total current assets increased to $3,405,656 in Q4 2025 from $3,246,476 in Q4 2024, while total assets slightly decreased to $13,393,119 from $13,434,729[24]. - Cash and cash equivalents at the end of Q4 2025 were $670,679, a decrease from $741,881 at the end of Q4 2024[25]. - Total volume for the fourth quarter was 1,088,430 lbs., a slight decrease of 0.4% from 1,108,203 lbs. in the same quarter last year[40]. - The retail segment's total volume for the fiscal year was 2,873,655 lbs., down 1.4% from 2,915,141 lbs. in the previous year[41]. Future Initiatives - The Company initiated a multi-year Transform and Modernize (T&M) initiative, excluding non-recurring costs associated with this initiative from its financial measures[28]. - The corporate restructuring plan commenced in Q4 fiscal 2025 aims to reduce administrative expenses and improve efficiencies, with costs primarily related to severance and employee benefits being excluded from core operating performance[32]. - The Company recorded non-cash impairment charges in Q4 fiscal 2025 related to certain intangible assets, which were also excluded from the assessment of core operating performance[33].

1&h=3874242046&u=https%3A%2F%2Fwww.fastcompany.com%2F&a=fastcompany.com&a=fastcompany.com).Contact:|Media Relations||Hormel Foods||[[emailprotected]](/cdn-cgi/l/email-protection#1b767e7f727a5b737469767e7735787476)|SOURCE Hormel Foods Corporation), a Fortune 500 global branded food company, has been named to[Fast Company's 2025 Brands That Matter list] (https://edge.prnewswire ...

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Core Insights - Hormel Foods Corporation (HRL) is expected to report a revenue increase of 2.1% year-over-year, with fourth-quarter fiscal 2025 revenues estimated at $3.2 billion [1] - The earnings consensus has decreased by 11.8% in the last 30 days to 30 cents per share, reflecting a 28.6% decline from the previous year's quarter [2] Sales Performance - Strong consumer demand for protein-focused retail brands, including SPAM, Hormel pepperoni, Jennie-O ground turkey, and Wholly Guacamole, has supported sales momentum [3] - The Zacks Consensus Estimate for the Retail segment's sales is projected at $1,945 million for the fourth quarter, up from $1,907 million in the same period last year [4] - Foodservice volumes have outperformed the broader industry, although weak traffic in convenience stores poses a concern [4][9] Cost Challenges - Input-cost inflation, particularly in pork and beef markets, has significantly impacted margins, with elevated costs continuing into early fourth quarter [5][9] - Despite targeted pricing actions, retail pricing adjustments are expected to lag, with more substantial recovery anticipated only in fiscal 2026 [6] - The Transform and Modernize initiative is yielding savings, but these are insufficient to fully offset inflationary pressures in the near term, raising profitability concerns [6][9] Earnings Outlook - Current indicators do not suggest a strong likelihood of an earnings beat for Hormel Foods, as it holds a Zacks Rank of 4 (Sell) and an Earnings ESP of 0.00% [7]

Core Insights - Hormel Foods Corporation has announced its fourth cohort of the 10 Under 20 Food Heroes program, recognizing young individuals dedicated to creating a more transparent, secure, and sustainable food system [1][2][3] Group 1: Program Overview - The 10 Under 20 Food Heroes program aims to foster a nationwide network of young changemakers focused on improving their communities [2] - Hormel Foods will host the honorees at its global headquarters in Austin, Minnesota, providing mentorship and resources to help scale their projects [2][3] - This year's program includes mental health and resilience training for the cohort and their families, in partnership with Be Strong [3] Group 2: Individual Contributions - Adam Belouad, 19, has led Hand to Hunger, serving over 220,000 meals and mobilizing 62,500 student volunteers [4] - Ali Muzik, 17, enhances the Packer Pantry and Clothing Closet, optimizing pantry usage through an online ordering form [5] - Angelina Xu and Advika Agarwal, both 19, co-founded Compostology, which helped pass a state bill allocating $1.25 million for K-12 composting programs [6] - Atreya Manaswi, 19, developed an eco-friendly pesticide that could save the beekeeping industry over $1 billion annually [8] - Bella Brown, 18, co-founded Living Outside, distributing over 6,000 care bags and raising over $8,000 in donations [9] - Bruce Matos, 17, has helped distribute over 7 million pounds of food through the Joshua's Heart Foundation [10] - Chris Matthews, 18, supports families in need through his nonprofit Blankies 4 My Buddies, helping over 5,000 families [11] - Hunter Guthrie, 17, founded A Taste of Home, raising over $60,000 to combat food waste and insecurity [12] - Laura Kopec, 20, has prepared nearly 40,000 meals for foster children, raising over $300,000 [13] - Ryan Gustis, 19, founded The Backpack Project, delivering over 3,000 backpacks with essentials to those in need [14] Group 3: Company Background - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and is a member of the S&P 500 Index [16] - The company is recognized for its corporate responsibility and community service efforts, with numerous awards for its initiatives [16]