Hormel Foods Corporation (HRL)

The company now

Hormel Foods reported third-quarter fiscal 2026 net sales of $2.96 billion on 27 August 2026, with organic net sales down 2 percent 2. Diluted earnings per share were $0.11, against adjusted diluted earnings per share of $0.37 2.

The company's adjusted figures leave out one-time items such as the Brazil sale 1. The gap came from a $56 million loss on the Brazil sale, a $48 million non-cash write-down of a minority investment in Indonesia and a $38 million litigation settlement 1.

On 29 September 2026 the company agreed to acquire Brakebush Brothers, a chicken processor, for a base price of $1.055 billion in cash 3. It expects to close in the first quarter of its 2027 fiscal year, subject to antitrust review 3.

The top team is also changing 67. John Ghingo becomes president and chief executive on 26 October 2026, replacing interim chief executive Jeffrey Ettinger 6. Ash Bhumbla took over as chief financial officer on 8 September 2026 7.

Together these moves show a company trimming parts of its portfolio while adding a large chicken business to its foodservice arm 13.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.