Hormel Foods reported second-quarter 2026 results with net sales of $2.97B, up 2.5% from $2.9B a year earlier, while net earnings declined to $157.38M and diluted EPS fell to $0.29 from $0.33 in the prior-year quarter.<\/p>\n
Financial Highlights<\/p>\n
MetricCurrent quarterPrior year quarterYoY changeRevenue\u00b9$2.97B$2.9B2.5%Net income\u00b2$157.38M$179.74M(12.4%)Diluted EPS\u00b3$0.29$0.33(12.1%)<\/p>\n
\u00b9 Reported as \u201cNet Sales\u201d. \u00b2 Reported as \u201cNet Earnings\u201d. \u00b3 Reported as \u201cDiluted earnings per share\u201d.<\/p>\n
Business Highlights<\/p>\n
Revenue growth was driven by organic net sales across Retail, Foodservice and International channels; Q2 net sales rose 3% and year-to-date were up 1.9%.Retail volumes declined after a strategic exit from non-core private-label snack nuts, while Foodservice and International volumes grew modestly.Brand strength came from Jennie\u2011O\u00ae turkey, Applegate\u00ae, pepperoni portfolio, Herdez\u00ae and SPAM\u00ae exports; China contributed to international gains.Improved turkey manufacturing network performance helped segment profits despite higher commodity and logistics costs.Company completed the sale of its whole-bird turkey business (recording a loss) and divested 51% of Justin\u2019s (recording a gain) while continuing Transform & Modernize and restructuring initiatives.<\/p>\n