Hormel Foods stock falls after a 2026 guidance cut

Published on 09/02/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hormel Foods stock trades near USD 21.84 after the company trimmed 2026 sales guidance and posted Q3 adjusted EPS of USD 0.37.

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Hormel Foods (ISIN US4404521001) stock traded around USD 21.84 on September 1, 2026 after the company cut full-year 2026 sales guidance and reported fiscal third-quarter adjusted EPS of USD 0.37.

Guidance was reset

According to ad hoc news coverage, the quarter ended August 27, 2026 with adjusted EPS of USD 0.37, which beat the USD 0.35 consensus by USD 0.02. Revenue came in at USD 2.96 billion, down 2.4 percent year over year and below the roughly USD 3.03 billion estimate.

The same recap says Hormel lowered fiscal 2026 net sales guidance to USD 12.10 billion to USD 12.20 billion from USD 12.20 billion to USD 12.50 billion. It also lifted adjusted EPS guidance to USD 1.45 to USD 1.51, up from USD 1.43 to USD 1.51.

Market value stayed heavy

MarketBeat reported a Hold consensus and an average price target of USD 26.14, which leaves the stock below that level even after the latest session around USD 21.84. A separate quote overview put Hormel's market capitalization near USD 11.87 billion and the 52-week range at USD 19.70 to USD 26.60.

For investors, the comparison matters more than the headline beat: EPS improved to USD 0.37, but sales still fell 2.4 percent and the full-year revenue range was narrowed.

Go deeper

Skippy and SPAM remain central

Hormel's branded portfolio still runs through Skippy, SPAM, Jennie-O and other shelf-stable and protein products, making volume and pricing trends in core brands the key driver for the next quarter.

Brands carry the business

StockTitan said Hormel will join the Barclays Global Consumer Staples Conference on September 9, 2026 at 1:30 p.m. ET, with interim CEO Jeff Ettinger and CEO-elect John Ghingo taking part in the fireside chat. The event gives investors a fresh checkpoint on execution after the August 27 quarter.

HRL on NYSE

Hormel Foods Corporation trades on the NYSE under HRL. As of August 31, 2026, the share price was USD 21.84, the market cap was about USD 11.87 billion and the 52-week range ran from USD 19.70 to USD 26.60.