Hormel Foods Corporation announced preliminary Q1 fiscal 2026 results with net sales of approximately $3 billion (2% organic growth) and adjusted diluted EPS of $0.34, reaffirming full-year 2026 guidance. The company also entered a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI), expecting minimal impact on 2026 guidance.
Key takeaways
Q1 FY2026 net sales ~$3 billion, 2% organic net sales growth vs Q1 FY2025