Hormel Foods is reshaping its portfolio with a strategic divestiture to boost profitability and focus on value-added protein offerings.

Hormel Foods Corporation (HRL) Presents at Consumer Analyst Group of New York Conference 2026 Prepared Remarks Transcript

HRL posts Q1 prelim sales of $3 billion with 2% organic growth and reaffirms fiscal 2026 outlook as it advances protein-focused strategy.

The packaged foods industry has broadly declined over the last year with some producers dropping over 20%; dividend yields have expanded to as much as 9.5%. However, a high dividend yield does might not indicate value, profitability, or financial strength. Twenty-three high yield packaged food producers we compared on a matrix of factors including yield, payout ratio, value, growth, profitability, and debt.

Expects Q1 Net Sales of $3 billion; Organic Net Sales1 Growth of 2% Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34 Separately Anno unces Definitive Agreement to Sell Its Whole-Bird Turkey Business Presenting  at the 2026 Consumer Analyst Group of New York (CAGNY) Conference AUSTIN, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m.

Transaction supports strategic shift toward more value-added protein offerings by Hormel Foods JENNIE-O® brand remains a strategic source of profitable growth for Hormel Foods AUSTIN, Minn., and WILLMAR, Minn.

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Hormel Foods sees improving earnings visibility into fiscal 2026 as pricing actions, cost cuts and efficiency gains begin to offset recent headwinds.

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