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Hormel Foods Corporation to participate in the 2026 Barclays Global Consumer Staples Conference. September 1, 2026 Austin, Minn. Jeff Ettinger and John Ghingo will participate in a fireside chat discussion at the Barclays Global Consumer Staples Conference. Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Jeff Ettinger, interim chief executive officer, and John Ghingo, president and chief executive officer-elect, will participate in a fireside chat discussion at the Barclays Global Consumer Staples Conference on Wednesday, Sept. 9, 2026. A webcast of the discussion is scheduled to begin at 1:30 p.m. ET (12:30 p.m. CT). The webcast, replay and other information related to the event can be accessed on the company's investor website, investor.hormelfoods.com. About hormel Foods. Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS(R), SKIPPY(R), SPAM(R), HORMEL(R) NATURAL CHOICE(R), APPLEGATE(R), WHOLLY(R), HORMEL(R) BLACK LABEL(R), COLUMBUS(R), JENNIE-O(R) and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.

Hormel Foods gears up for Barclays conference. Hormel Foods takes the stage at Barclays. When it comes to branded food, few players can command attention quite like Hormel Foods Corporation. They're set to make a splash at the upcoming 2026 Barclays Global Consumer Staples Conference. On September 9, Jeff Ettinger, interim CEO, and John Ghingo, the CEO-elect, will lead a fireside chat at 1:30 p.m. ET. They're not just showing up to chitchat, folks. Expect these veterans to lay out some serious strategic intent. What's cooking on wall street? For those of you keeping score at home, Hormel Foods (NYSE: HRL) isn't just any old player. With more than $12 billion in annual revenue, their portfolio boasts household name brands like Planters, Skippy, and SPAM. Part of both the S&P 500 and the Dividend Aristocrats, Hormel is seasoned in balancing tradition with innovation. This conference is their platform to not only unveil future strategies but also paint a picture of what makes them a favorite among dividend investors. The stakes and their plans. Now, what should Investors Hangout, LLC be expecting from this event? Let's face it, the Global Consumer Staples Conference isn't just a fancy meet-and-greet. Beyond the corporate puffery, Ettinger and Ghingo will need to deliver insights that go beyond the usual business spiel. Watch for clues on how they plan to ride the consumer staples wave in a growing market, especially at a time when the sector's under pressure from new market dynamics. Positioning amid pressures. Hormel has been named among the world's best companies, snagging recognition from TIME magazine and others. But accolades aside, the real task is in delivery. With John Ghingo poised to take over as CEO, how they navigate economic pressures, supply chain hiccups, and changing consumer preferences will be crucial. Pay close attention to how they address these during their talk. "This isn't about what's on paper. It's about conveying confidence in our strategic vision." - A sentiment you might expect from these industry frontrunners. Analyst eyes: what to watch. For investors eyeing NYSE: HRL, the chat's not just an act. It's a snippet of how the transition from Ettinger to Ghingo might unfold. While Hormel is often lumped into the 'steady dividend payer' category, the nuance they'll bring will speak volumes about their future in dietary trends and sustainability. Keep an eye on any attempt to address these main points: * Adapting to consumer shifts and dietary trends * Navigating supply chain disruptions * Enhancing sustainability practices A peek into the future. If I had a crystal ball, I'd say the mood at Barclays will set the tone for Hormel's stock trajectory through the year. Not just because of what they say, but how Ettinger and Ghingo demonstrate leadership change at a pivotal moment. Investors and analysts alike will be digesting every morsel of information they can get. Me? I'm watching to see if they really aim to evolve or just keep the status quo. Final thoughts. This conference could be the proving ground for Hormel's future strategy. For those seasoned in the stocks game, you know it's not just the numbers but the narrative that matters. With execs stepping before the market's most discerning eyes, expect a blend of familiar candor mixed with a sprinkle of future outlooks - exactly the brew investors need to decide whether to hold tight or make moves.

Hormel Foods Q3 2026 earnings deep dive: key takeaways. Hormel Foods delivered a mixed third quarter, narrowly beating earnings expectations while revenue came up short, exposing a deeper profitability crisis that... Company Earnings Hormel Foods delivered a mixed third quarter, narrowly beating earnings expectations while revenue came up short, exposing a deeper profitability crisis that... AlphaStreet Newsdesk powered by AlphaStreet Intelligence HRL | EPS $0.37 vs $0.36 est (+2.8%) | Rev $2.96B vs $2.98B est (-0.7%) | Net Income $59.6M FY26 EPS Guidance GAAP $1.06 - $1.12 | Stock $21.28 (-10.2%) EPS YoY +5.7% | Rev YoY -2.0% | Net Margin 2.0% Hormel Foods (HRL) delivered a mixed third quarter, narrowly beating earnings expectations while revenue came up short, exposing a deeper profitability crisis that sent shares tumbling 10.2%. The packaged foods giant posted adjusted EPS of $0.37, edging past the $0.36 consensus by 2.8%, but revenue of $2.96B missed estimates by 0.7% and declined 2% year-over-year. The market's harsh reaction reflects growing concern that Hormel's earnings beat masks deteriorating underlying business fundamentals, with net margins compressed to crisis levels and top-line momentum continuing to erode. Stocks & Bonds The earnings quality story here is deeply troubling, revealing a company propping up per-share metrics while core profitability crumbles. Net margin collapsed to just 2.0% in the quarter, down a staggering 3.5 percentage points from the 5.5% margin delivered in Q3 2025. Net income plunged to $59.6M from $183.7M a year ago, even as adjusted EPS grew 5.7% year-over-year. The gross margin of 15.9% and operating margin of 3.7% paint a picture of a business struggling with either severe cost inflation, pricing power erosion, or both. Management acknowledged the margin pressure obliquely, noting that "Gross profit was $472 million in the quarter and gross margin was 15.9%," but offered little explanation for the dramatic year-over-year compression. The revenue trajectory reveals a business in persistent decline, with Q3 marking the third consecutive quarter of deterioration. The four-quarter trend shows revenue sliding from $3.03B in both Q1 2026 and Q3 2025, to $2.97B in Q2 2026, and now to $2.96B in the latest quarter. This sequential erosion, combined with the 2.4% reported decline and 2.0% organic contraction, suggests Hormel is losing ground in its core markets rather than facing temporary headwinds. Segment dynamics reveal a portfolio increasingly bifurcated between struggling retail operations and stabilizing foodservice channels. The Retail segment, representing 60% of total revenue at $1.78B, contracted 4.3% year-over-year, suggesting Hormel's consumer-facing brands are losing shelf space or market share to competitors. The International segment at $178.7M declined 4.7%, indicating challenges aren't confined to domestic markets. Only Foodservice showed resilience, growing 1.6% to reach $1.00B, though this modest expansion hardly offsets the weakness elsewhere. The Retail segment's struggles are particularly concerning given its dominance of the revenue mix - reversing this trend appears critical to stabilizing the overall business, yet management provided limited specifics on turnaround strategies for consumer-facing brands. One bright spot emerged in cash generation, where operational improvements drove significant year-over-year gains. Operating cash flow of $240.6M represented a 54% increase from the prior year. Management highlighted this achievement, noting "We generated $241 million of operating cash flow in the quarter, up 54% from a year ago, primarily reflecting improved inventory management and working capital performance." This cash generation provides financial flexibility and suggests the company is successfully reducing working capital intensity, though it does little to address the fundamental revenue and margin challenges. The full-year guidance implies a challenging fourth quarter ahead, with management seemingly pulling back from earlier optimism. The FY 2026 EPS guidance range of $1.06 to $1.12, with a midpoint of $1.09, implies Q4 earnings near the low end of management's expectations. Management acknowledged this recalibration, stating "when we spoke to all of you after Q2, our outlook for Q4 was frankly approximately $0.40," suggesting the fourth quarter may come in below that target given year-to-date performance of $1.11 through three quarters. Revenue guidance of $12.10B to $12.20B for the full year requires a significant Q4 uptick to offset the year-to-date softness, particularly given the consecutive quarterly declines observed through Q3. Management struck a defensive tone, emphasizing earnings growth while largely avoiding discussion of the revenue and margin deterioration. The focus on "delivering profitable growth" rang hollow given the 2.0% net margin and collapsing GAAP profitability. The comment that "Our team remained focused on delivering profitable growth, and that focus contributed to another quarter of earnings growth as adjusted earnings per share increased 6% versus last year". The 10.2% stock decline to $21.28 reflects investor recognition that the earnings beat was Pyrrhic, achieved while fundamental business health deteriorated. The market is pricing in concern that margin compression at this scale, combined with persistent revenue declines, signals deeper competitive or structural challenges within Hormel's portfolio. The stock reaction suggests investors view current valuation as unsustainable given the trajectory of both top-line and profitability metrics. What to Watch: Fourth quarter results will be critical in determining whether management can deliver the revenue acceleration implied by full-year guidance or if another miss triggers guidance cuts. Specific metrics to monitor include whether Retail segment declines moderate and whether gross margins stabilize or continue compressing. Management's ability to articulate a credible turnaround strategy for consumer-facing brands will be essential to restoring investor confidence. This content is for informational purposes only and should not be considered investment advice. 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