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SPAM Maker Hormel Says Consumers Remain Strained As Inflation and Fuel Costs Pile Up
Hormel (HRL) stock dips 8.7% on Q3 results. Adjusted EPS beats at $0.37, but sales miss at $2.96B. Get full Q3 data & 2026 outlook updates.
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Why Hormel Foods Stock Swooned by 10% Today
Hormel Foods stock plummeted 10% after the company missed revenue expectations ($2.96B vs. $3.05B consensus), cut full-year net sales guidance to $12.1-$12.2B from $12.2-$12.5B, and reported a 7% drop in sales volume. While the company beat earnings per share estimates ($0.37 vs. $0.35 consensus), investors were unforgiving due to weak consumer demand, lower commodity-based pricing, and the company's already-eroded stock performance.