Core Viewpoint - Hormel is divesting its whole-bird turkey business, which is expected to reduce annual net sales by approximately $50 million, with minimal impact on net income [1] Group 1: Divestiture Details - The divestiture involves the sale of Hormel's whole-bird turkey business to Life-Science Innovations, with financial terms undisclosed [1] - The transaction is anticipated to close in the second quarter of Hormel's current fiscal year [1] - The divestiture aligns with Hormel's strategy to focus on protein offerings, while the Jennie-O ground turkey brand remains a strategic component of the portfolio [3] Group 2: Financial Performance - Hormel's company-wide net sales rose 1.3% to $3.03 billion, slightly below Wall Street expectations of $3.07 billion [5] - Adjusted earnings per share were $0.35, unchanged from the previous year and above Bloomberg consensus estimates of $0.32 [5] Group 3: Market Challenges - Hormel has faced pressure from rising raw material and logistics costs, affecting profitability in its core retail segment [4] - A bird flu outbreak disrupted poultry supply chains last year, and U.S. tariffs on Brazil contributed to higher beef prices [4] - In response to these cost pressures, Hormel, along with competitor Tyson Foods, implemented price increases on select products [4]

Hormel Foods Corp (NYSE:HRL) stock fell on Thursday after the company reported mixed first-quarter FY26 results.Earnings SnapshotThe company reported adjusted earnings per share of 34 cents, beating the analyst consensus estimate of 32 cents.However, sales of $3.03 billion missed the Street view of $3.07 billion.The company reported operating income of $244 million and adjusted operating income of $247 million, resulting in an operating margin of 8% and an adjusted operating margin of 8.2%.Cash flow from op ...

Investors might want to bet on Associated British Foods PLC (ASBFY) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and followi ...

BONDUELLE Head office: "La Woestyne" - 59173 Renescure - FranceBonduelle a French S.C.A (Partnership limited by Shares) with a capital of 57 102 699,50 eurosRegistered under number: 447 250 044 (Dunkerque Commercial and Companies Register) 2025-2026 First Half Year sales and financial results(July 1, 2025 – December 31, 2025) The Bonduelle Group demonstrates its resilience in a particularly demanding environment In accordance with IFRS 5 accounting standards, the income statements relating to the packaged ...

Key Takeaways Q1 net sales rose 1.3% while adjusted EPS beat estimates despite a year-over-year decline.HRL's Retail sales dropped 2%, while Foodservice and International rose 7% and 8%, respectively.HRL reaffirmed fiscal 2026 sales of $12.2B-$12.5B and EPS guidance of $1.43-$1.51.Hormel Foods Corporation (HRL) reported first-quarter fiscal 2026 results, with the top line increasing year over year while missing the Zacks Consensus Estimate. The bottom line declined year over year but beat the consensus mark ...

The J. M. Smucker Company (NYSE:SJM) Q3 2026 Earnings call February 26, 2026 09:00 AM ET Speaker7Good morning, welcome to The J.M. Smucker Company's fiscal 2026 third quarter earnings question and answer session. This conference call is being recorded, and all participants are in a listen-only mode. Please limit yourselves to two questions and re-queue if you have additional questions. I will now turn the conference call over to Crystal Beiting, Vice President, Investor Relations and Financial Planning and ...

Hormel Foods (NYSE:HRL) Q1 2026 Earnings call February 26, 2026 08:00 AM ET Company ParticipantsFlorence Makope - VP, TreasurerJeffrey M. Ettinger - Interim CEOJohn Ghingo - PresidentPaul Kuehneman - Interim CFO and ControllerConference Call ParticipantsChris Downing - AnalystHeather Jones - AnalystLeah Jordan - AnalystPooran Sanoo - AnalystRupesh Parikh - AnalystRyan Hanley - AnalystThomas Palmer - AnalystOperatorGood morning, ladies and gentlemen, welcome to the Hormel Foods Corporation first quarter earn ...

Hormel Foods (NYSE:HRL) Q1 2026 Earnings call February 26, 2026 08:00 AM ET Company ParticipantsFlorence Makope - VP, TreasurerJeffrey M. Ettinger - Interim CEOJohn Ghingo - PresidentPaul Kuehneman - Interim CFO and ControllerConference Call ParticipantsChris Downing - AnalystHeather Jones - AnalystLeah Jordan - AnalystPooran Sanoo - AnalystRupesh Parikh - AnalystRyan Hanley - AnalystThomas Palmer - AnalystOperatorGood morning, ladies and gentlemen, welcome to the Hormel Foods Corporation first quarter earn ...

Hormel Foods (NYSE:HRL) Q1 2026 Earnings call February 26, 2026 08:00 AM ET Speaker6Good morning, ladies and gentlemen, welcome to the Hormel Foods Corporation first quarter earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, February 26, 2026. I would now like to h ...

The J. M. Smucker Company (NYSE:SJM) Q3 2026 Earnings call February 26, 2026 07:00 AM ET Company ParticipantsCrystal Beiting - VP ofInvestor Relations, Financial Planning and AnalysisMark Smucker - CEO, President, and Chair of the BoardTucker Marshall - CFO, EVP of Frozen Handheld and Spreads, and Sweet Baked SnacksCrystal BeitingGood morning. This is Crystal Beiting, Vice President, Investor Relations and Financial Planning and Analysis for The J.M. Smucker Company. Thank you for listening to our prepared ...