Hormel Foods Corporation · HRL · Next earnings

Hormel Foods Corporation reports Thursday, Dec 3, 2026

HRL reports before market open with consensus EPS at $0.38 and revenue at $3.20B. Last quarter: Hormel raises EPS outlook as foodservice offsets retail pressure

Reports Before market open73 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.38 Calendar consensus
Consensus revenue $3.20B Calendar consensus
Report date Dec 3, 2026 Thursday, date estimated
Session Before market open 73 days away

Where HRL left off: FY2026 Q3

Full report

Hormel raises EPS outlook as foodservice offsets retail pressure

EPS surprise +4.5% Reported $0.37 vs $0.35
Revenue surprise -2.4% Reported $2.96B vs $3.03B
Stock move -10.2% Event window
Subsequent drift -2.1% Up to 20 sessions

FY2026 adjusted EPS guidance was raised to $1.45-$1.51, while organic net sales growth was narrowed to 1%-2%.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Weak consumer sentiment and price sensitivity could pressure retail volume.
  • Pork, beef and grain commodity prices remain volatile.
  • Freight and fuel costs could weigh on margins.
  • Inventory rebalancing and lower plant utilization could create short-term costs.
  • International restructuring and export-volume adjustments add uncertainty.

Questions analysts left open

  • Drivers behind the revised top-line organic sales guidance.
  • Extent and timing of retail volume declines and pricing elasticity.
  • Impact of freight, logistics and fuel costs on margins.
  • Timing of benefits from lower commodity costs and inventory rebalancing.
  • International segment volatility and SPAM export volume adjustments.

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Recent HRL quarters

All HRL earnings
-10.2%FY2026 Q3+12.5%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.