Hormel Foods

HRL · Consumer Staples · Market cap $13.8B

Q2 FY26 Apr 26, 2026 reported May 28, 2026

Revenue$3B +3% year over year

Gross profit$0.5B

Operating profit$0.2B

Net profit$0.2B 5% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Apr 26, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3	100%	+3%
Perishable Meat	2.2	73%	+7%
Shelf Stable	0.8	27%	−8%
Cost of revenue	−2.5	83%
Gross profit	0.5	17% margin	+1pp
SG&A	−0.3	11%	+2pp
Operating profit	0.2	7% margin	−1pp
Net profit	0.2	5%	−1pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Oct 26, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.2	100%	+2%
Perishable Meat	2.4	75%	+3%
Shelf Stable	0.8	25%	−3%
Cost of revenue	−2.7	84%
Gross profit	0.4	14% margin	−3pp
SG&A	−0.2	7%	−1pp
Other	−0.2	7%	+0pp
Operating profit	0	0% margin	−9pp
Interest & other costs	−0.1
Net profit	-0.1	-2%	−9pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Jan 26, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3	100%	+0%
Perishable Meat	2.2	73%	+2%
Shelf Stable	0.8	27%	−6%
Cost of revenue	−2.5	83%
Gross profit	0.5	16% margin	−1pp
SG&A	−0.3	9%	+1pp
Operating profit	0.2	8% margin	−2pp
Net profit	0.2	6%	−2pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Oct 27, 2024).
Item	Value	Share of revenue	Year over year
Revenue	3.1	100%	−2%
Perishable Meat	2.3	74%	+0%
Shelf Stable	0.8	26%	−8%
Cost of revenue	−2.6	84%
Gross profit	0.5	17% margin	+1pp
SG&A	−0.2	8%	+1pp
Operating profit	0.3	9% margin	+1pp
Tax	−0.1
Net profit	0.2	7%	+1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Apr 26, 2026	May 28, 2026	$3B	+3%	7%	$0.2B	5%
Q4 FY25	Jul 28 – Oct 26, 2025	Dec 5, 2025	$3.2B	+2%	0%	$-0.1B	-2%
Q1 FY25	Oct 28, 2024 – Jan 26, 2025	Feb 27, 2025	$3B	+0%	7%	$0.2B	6%
Q4 FY24	Jul 29 – Oct 27, 2024	Dec 5, 2024	$3.1B	−2%	10%	$0.2B	7%