Hormel stock reports mixed earnings in Q2, 10% decline due to tariffs, trading near lows.

From Nasdaq: 2025-05-29 14:34:00

Hormel Foods Corp. (NYSE: HRL) reported mixed results in its second-quarter earnings, with revenue slightly missing expectations at $2.90 billion and adjusted earnings per share meeting expectations at 35 cents. Tariff pressures caused a 10% decline in earnings year-over-year, impacting products like Spam. The company maintained full-year guidance despite sector profit declines in some verticals.

Analysts have upgraded HRL stock, with three upgrades since April 15. Despite facing uncertainty from tariffs and consumer pressure, the stock is trading near 10-year lows with a forward P/E ratio of around 18x. This slight discount may make HRL stock an attractive option for investors looking at the consumer staples sector.



Read more at Nasdaq:: Hormel Stock Near Lows, But Tariff Relief Could Boost Outlook