Hormel Foods (NYSE:HRL) reported fiscal first-quarter 2026 results that surpassed Wall Street’s expectations, marking a resilient start to the year as the food processor navigates shifting input costs.
The Austin, Minnesota-based maker of Spam and Planters reported net income of $181.8 million, or 33 cents per share.
On an adjusted basis, excluding one-time items, the company earned 34 cents per share, topping the 32-cent consensus estimate from analysts surveyed by Zacks Investment Research.
Total revenue for the period reached $3.03 billion, a 1.3% increase over the same period last year.
Notably, organic net sales grew by 2%, representing the fifth consecutive quarter of year-over-year organic growth for the company.
Management attributed the performance to the strength of its value-added, protein-centric portfolio and disciplined execution in the Foodservice and International segments.
The results come as Hormel continues to advance its "Transform and Modernize" initiative, aimed at driving operational efficiencies and margin expansion.