Packaged foods company Hormel (NYSE: HRL) will be reporting earnings this Thursday before market hours. Here’s what investors should know.
Hormel Foods missed analysts’ revenue expectations last quarter, reporting revenues of $3.03 billion, up 1.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a slight miss of analysts’ revenue estimates.
Is Hormel Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hormel Foods’s revenue to grow 2.5% year on year, improving from its flat revenue in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hormel Foods has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Hormel Foods’s peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 10.6%, beating analysts’ expectations by 2.4%, and Mondelez reported revenues up 8.2%, topping estimates by 3%. Hershey traded down 3.6% following the results while Mondelez was up 4.3%.
Read our full analysis of Hershey’s results here and Mondelez’s results here.
AI disruption fears rattled software and crypto through late 2025, but in spring 2026 the focus shifted to geopolitical risk, oil supply, and global stability. While some of the shelf-stable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. Hormel Foods is down 2.5% during the same time and is heading into earnings with an average analyst price target of $25.13 (compared to the current share price of $20.93).
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