Hormel Foods is expected to report growth in both revenue and earnings when it releases third-quarter fiscal 2026 results on Aug. 27. The Zacks Consensus Estimate for revenues is $3.05 billion, up 0.5% from the prior-year quarter, while the consensus earnings estimate of 36 cents per share implies a 2.9% increase. The company has a trailing four-quarter earnings surprise of 3.2% on average. Strength in its protein-focused portfolio, including Jennie-O ground turkey, Applegate, and Hormel Black Label bacon, along with pricing actions and improving turkey manufacturing performance, likely supported results. However, pressures from cautious consumers, weakness in higher-priced nuts, elevated fuel and logistics costs, volatile pork and beef inputs, and inventory rebalancing in ambient products may have limited earnings growth.
Hormel Foods CorporationPricing actions and improving turkey manufacturing performance expected to support results.
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