Full-Time
Global meat products processor and distributor
$20.30/hr
No H1B Sponsorship
Wadena, MN, USA
In Person
Bachelor's
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Hormel Foods processes and distributes a variety of meat and prepared food products, including bacon, deli meats, and shelf-stable meals under brands like Spam, Jennie-O, and Applegate. The company operates by selling both branded and unbranded goods through retail stores, foodservice providers like restaurants, and international markets in over 80 countries. Unlike many competitors focused on a single niche, Hormel maintains a diverse portfolio that balances premium branded items with high-volume unbranded products across global channels. Its goal is to leverage this broad distribution network and brand variety to provide consistent food options to consumers and institutions worldwide.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Austin, Texas
Founded
1891
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Relocation Assistance
401(k) Retirement Plan
401(k) Company Match
Stock Options
Company Equity
Professional Development Budget
Why Hormel Foods (HRL) stock is falling today. Petr Huřťák What happened? Shares of packaged foods company Hormel (NYSE:HRL) fell 9.3% in the afternoon session after the company cut its full-year sales forecast and reported second-quarter revenue that missed Wall Street expectations due to pressured consumer demand. According to a company press release, Hormel Foods experienced a 2.4% year-over-year drop in second-quarter revenue to $2.96 billion, as total sales volumes fell 7.4% compared to the prior-year period. Revenue fell short of Wall Street estimates of $3.04 billion, driven by weakness across its retail and international businesses. Sales in the retail division - Hormel's largest segment - fell 4% year-over-year on a 9% volume decline amid softer demand for private-label snack nuts. The release also noted that the company lowered its full-year net sales guidance to between $12.1 billion and $12.2 billion, down from its prior range of $12.2 billion to $12.5 billion, and narrowed its expected full-year organic sales growth to a range of 1% to 2%. While quarterly adjusted earnings of $0.37 per share topped analyst projections of $0.35, the reduced sales outlook and persistent consumer headwinds weighed heavily on investor sentiment. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Hormel Foods? Access our full analysis report here, it's free. What is the market telling us. Hormel Foods's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 12 months ago when the stock dropped 13.4% on the news that the company reported second-quarter earnings that missed analyst expectations and provided a soft profit outlook. Although Hormel's revenue of $3.03 billion surpassed forecasts, its adjusted earnings of $0.35 per share fell short of the $0.41 consensus estimate. The weaker results were compounded by an adjusted EBITDA that also missed analyst estimates by 17.1%. Looking ahead, the company lowered its full-year adjusted earnings guidance to $1.44 per share at the midpoint. Additionally, its revenue guidance for the upcoming third quarter came in below expectations, signaling ongoing challenges for the packaged foods company. Hormel Foods is down 8.3% since the beginning of the year, and at $21.44 per share, it is trading 26.1% below its 52-week high of $29.02 from August 2025. Investors who bought $1,000 worth of Hormel Foods's shares 5 years ago would now be looking at only $477.25.
Hormel Foods' shares fell more than 10% on Thursday after the company published disappointing third-quarter results. The food manufacturer reported net sales of $2.96 billion, down 2% year over year, missing analysts' consensus estimate of $3.05 billion. Sales volume dropped more than 7% to 969 million pounds. However, adjusted net income rose nearly 4% to $202 million, or $0.37 per share, topping the $0.35 consensus. CEO John Ghingo attributed the results to "portfolio-shaping actions, lower commodity-based pricing in portions of the business and a consumer environment that remains under pressure." Hormel cut its full-year net sales guidance to $12.1 billion to $12.2 billion, down from the previous range of $12.2 billion to $12.5 billion.
Hormel Foods cuts annual sales forecast as sluggish consumer demand weighs. August 27, 2026 4:00 PM By Reuters Hormel Foods cut its annual sales forecast, weighed down by declines in the retail segment and weak demand for private-label snack nuts amid a pressured consumer environment. Consumer demand across the packaged-food industry has remained subdued, with broader inflationary pressure and higher living costs squeezing consumer wallets. Shares of the Minnesota-based firm were down 1% in premarket trading. "The results reflected the impacts of portfolio-shaping actions, lower commodity-based pricing in portions of the business and a consumer environment that remains under pressure," CEO-elect John Ghingo said. Earlier this week, Hormel appointed former Tyson Foods executive Ash Bhumbla as CFO, effective in September, following the appointment of company veteran Ghingo as chief executive officer last month. Its retail segment, Hormel's biggest revenue generator, reported a 4% decline in sales, while volumes fell 9%. The maker of Skippy peanut butter forecast fiscal 2026 net sales of $12.1 billion to $12.2 billion, compared with its prior forecast of $12.2 billion to $12.5 billion, and narrowed its range for organic sales growth expectation to 1% to 2%, from 1% to 4% previously. Quarterly highlights. The company's third-quarter revenue fell 2.4% to $2.96 billion, missing analysts' estimate of $3.04 billion, hurt by weaker demand in its retail and international businesses. During the quarter, Hormel completed the divestiture of its Brazilian business under the CERATTI brand as part of efforts to streamline its portfolio and focus on higher-growth markets. Hormel raised its full-year adjusted earnings per share forecast to between $1.45 and $1.51, from $1.43 to $1.51. The company's quarterly adjusted net income per share was 37 cents, compared with expectations of 35 cents, according to data compiled by LSEG.
Hormel Foods (HRL) stock falls 9% after sales forecast cut and Q3 revenue miss. Hormel Foods (HRL) stock dropped 9% after cutting its fiscal 2026 sales forecast and missing Q3 revenue estimates on weak retail demand. By Trader Edge August 27, 2026 2 Mins Read Tldr. * Hormel cut its fiscal 2026 net sales forecast to $12.1B-$12.2B, down from $12.2B-$12.5B * Q3 revenue fell 2.4% to $2.96B, missing analyst estimates of $3.04B * Retail segment sales dropped 4%, with volumes falling 9% * Lower prices for commodity turkey and private-label snack nuts were key drivers of the miss * HRL stock fell 9.1% to $21.57 on Thursday Hormel Foods (HRL) stock fell 9.1% to $21.57 on Thursday after the company cut its annual sales forecast and reported a third-quarter revenue miss. The company now expects fiscal 2026 net sales of $12.1 billion to $12.2 billion. That is down from its prior forecast of $12.2 billion to $12.5 billion. Q3 revenue came in at $2.96 billion, a 2.4% decline year over year and below analyst estimates of $3.04 billion. Adjusted earnings per share came in at 37 cents, beating the 35-cent estimate. CEO-elect John Ghingo pointed to portfolio changes, lower commodity pricing, and a tough consumer backdrop as the reasons behind the results. "The results reflected the impacts of portfolio-shaping actions, lower commodity-based pricing in portions of the business and a consumer environment that remains under pressure," Ghingo said. Retail segment drags on results. The retail segment, which is Hormel's biggest revenue driver, saw sales fall 4% and volumes drop 9% during the quarter. Weakness in turkey commodity prices and private-label snack nuts were the main culprits. Consumer demand across packaged food has stayed soft. Higher living costs have kept wallets tight, and Hormel is not immune to that pressure. During the quarter, Hormel completed the sale of its Brazilian CERATTI business, a move aimed at focusing on higher-growth markets. Guidance and analyst reaction. On the earnings side, Hormel raised its full-year adjusted EPS forecast to $1.45-$1.51, up from a prior range of $1.43-$1.51. That is the one bright spot in an otherwise cautious update. The organic sales growth expectation was also narrowed to 1%-2%, compared with 1%-4% previously. Not a lot of wiggle room there. Oppenheimer analysts called the quarter a mixed bag. They expect the stock to trade lower but said they will watch whether Hormel can return to its long-term targets of 2%-3% net sales growth and 5%-7% operating profit growth. Earlier this week, Hormel named former Tyson Foods executive Ash Bhumbla as CFO, effective September. Ghingo was appointed CEO last month. HRL closed Thursday at $21.57, down 9.1% on the session. Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions - all in one powerful platform. Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants
Hormel Foods reported third-quarter earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This represents a 2.78% earnings surprise and compares to $0.35 per share a year ago. The maker of Spam canned ham and Dinty Moore stew has now surpassed consensus earnings estimates for four consecutive quarters. However, quarterly revenues of $2.96 billion missed the Zacks Consensus Estimate by 2.81%, down from $3.03 billion in the same period last year. Hormel shares have remained flat year-to-date, whilst the S&P 500 has gained 12.1%. The company currently holds a Zacks Rank of #4 (Sell), suggesting shares may underperform the market near-term.