Hormel Foods braces for “noisy” quarter but sticks with sales guidance
Key takeaways
- The sales revenue outlook was left at $12.2bn to $12.5bn for fiscal 2026 at the second-quarter results stage last week, a period when organic growth reached 3%.
- Hormel’s forecast for that metric remains at 1-4% even though the protein-centric business faces the full impact of elevated fuel costs in the third quarter – 13 weeks versus six weeks in quarter two.
- “The significant new headwind that popped up midway through the quarter was rising fuel costs,” John Ghingo, the president of the New York-listed business told analysts.
Hormel Foods braces for “noisy” quarter but sticks with sales guidance https://www.shutterstock.com/image-photo/new-hope-minnesota-october-11-2022-2213109747?tracking Id=7b754268-2ff5-48be-8a2d-d3d101f631fe · Just Food · Melissamn/Shutterstock Simon Harvey Mon, June 1, 2026 at 8:49 PM GMT+7 4 min read HRL Hormel Foods still expects base earnings to hit the top end of its full-year guidance range despite headwinds from elevated fuel, logistics and commodity costs.
The sales revenue outlook was left at $12.2bn to $12.5bn for fiscal 2026 at the second-quarter results stage last week, a period when organic growth reached 3%.
Hormel’s forecast for that metric remains at 1-4% even though the protein-centric business faces the full impact of elevated fuel costs in the third quarter – 13 weeks versus six weeks in quarter two.