Hormel (NYSE: HRL) posts Q1 prelims and sells whole-bird turkey unit

NodeGuardian · 2026-02-27T23:51:06+00:00

Hormel Foods Corporation reported strong preliminary first quarter results for fiscal 2026, with net sales around $3 billion and reaffirmed guidance. The company is selling its whole-bird turkey business to support long-term growth.

NodeGuardian

2026-02-27 23:51:06

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Hormel Foods Corporation reported preliminary first quarter fiscal 2026 results, expecting net sales of approximately $3 billion and reaffirming its fiscal 2026 guidance. The company also announced a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, with minimal estimated impact on its 2026 financial guidance. These moves are part of Hormel’s portfolio shaping efforts and reflect a solid start to the year, aiming for long-term profitable growth.

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