From Financial Modeling Prep: 2025-05-29 15:58:00

Hormel Foods (NYSE:HRL) met Q2 earnings expectations with adjusted EPS of $0.35, but revenue slightly missed at $2.9 billion. Shares dropped over 2% intra-day. Organic net sales grew 1%, Retail segment profit rose 4% despite flat sales. Foodservice segment saw 4% sales growth but profit fell 6% due to margins.

CEO Jim Snee expects a stronger second half supported by demand for protein-based products. Hormel narrowed full-year organic sales growth guidance to 2–3% and adjusted EPS forecast to $1.58–$1.68, down from $1.58–$1.72.



Read more at Financial Modeling Prep:: Hormel Matches Q2 EPS Estimates, Narrows Outlook