Hormel Foods up after quarterly sales, profit beat

Hormel Foods

28/05/2026 11:20

** Shares of Skippy peanut butter maker Hormel Foods HRL.N up 7% at $22.56 premarket
** Co beats Q2 sales and profit estimates, helped by sustained demand for its turkey and chicken products 
** Reports quarterly net sales of $2.97 billion vs analysts' estimates of $2.95 billion, according to data compiled by LSEG
** Logs adjusted EPS of 40 cents, beating expectations of 36 cents 
** Co reaffirms FY2026 net sales and adjusted EPS forecast
** As of last close, HRL down about 12% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))