Filing Flows › Hormel Foods (HRL) › Guidance history
Hormel Foods (HRL) guidance history: what it guided and what it reported
Hormel Foods gave guidance in 12 earnings releases on file since May 30, 2024. Of 6 guided periods since reported, it met or beat its own guidance 4 times (67%). Revenue: 3 of 3, on average -0.2% against the guided midpoint. Its releases raised guidance once and lowered it 3 times.
Revenue
Met or beat 3 of 3 periods (0 above, 3 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $12.2B–$12.5B (Dec 4, 2025) → reaffirmed $12.2B–$12.5B (Feb 26, 2026) → reaffirmed $12.2B–$12.5B (May 28, 2026) → lowered $12.1B–$12.2B (Aug 27, 2026) | — | to be reported | — |
| Q4 FY25 | $3.1B–$3.2B (Aug 28, 2025) | $3.2B | within the range | -0.5% |
| FY25 | $11.9B–$12.2B (Dec 4, 2024) → reaffirmed $11.9B–$12.2B (Feb 27, 2025) → raised $12.0B–$12.2B (May 29, 2025) | $12.1B | within the range | +0.1% |
| FY24 | $12.2B–$12.5B (May 30, 2024) → lowered $11.8B–$12.1B (Sep 4, 2024) | $11.9B | within the range | -0.2% |
GAAP operating income
Met or beat 0 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $956M–$1.0B (Dec 4, 2025) → raised $1.0B–$1.1B (Feb 26, 2026) → lowered $956M–$1.0B (May 28, 2026) → lowered $826M–$869M (Aug 27, 2026) | — | to be reported | — |
| FY25 | $1.1B–$1.2B (Dec 4, 2024) → lowered $1.1B–$1.2B (Feb 27, 2025) → lowered $1.1B–$1.2B (May 29, 2025) → lowered $982M–$996M (Aug 28, 2025) | $719M | below the range | -27.3% |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $1.1B–$1.1B (Dec 4, 2025) → reaffirmed $1.1B–$1.1B (Feb 26, 2026) → reaffirmed $1.1B–$1.1B (May 28, 2026) → raised $1.1B–$1.1B (Aug 27, 2026) | — | to be reported | — |
| FY25 | $1.2B–$1.3B (Dec 4, 2024) → lowered $1.2B–$1.3B (Feb 27, 2025) → lowered $1.2B–$1.2B (May 29, 2025) → lowered $1.1B–$1.1B (Aug 28, 2025) | — | — | — |
Tax rate
Met or beat 1 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 21.5%–22.5% (Dec 4, 2025) | — | to be reported | — |
| FY25 | 22.0%–23.0% (Dec 4, 2024) → reaffirmed 22.0%–23.0% (Feb 27, 2025) → reaffirmed 22.0%–23.0% (May 29, 2025) → lowered 22.0% (Aug 28, 2025) | 28.0% | above the range | +6.0 pts |
| FY24 | 22.0%–23.0% (May 30, 2024) → reaffirmed 22.0%–23.0% (Sep 4, 2024) | 22.3% | within the range | -0.2 pts |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $260M–$290M (Dec 4, 2025) | — | to be reported | — |
| FY25 | $275M–$300M (Dec 4, 2024) → reaffirmed $275M–$300M (Feb 27, 2025) → reaffirmed $275M–$300M (May 29, 2025) | $311M (GAAP) | not judged | — |
| FY24 | $280M (May 30, 2024) → reaffirmed $280M (Sep 4, 2024) | $256M (GAAP) | not judged | — |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $1.29–$1.39 (Dec 4, 2025) → raised $1.37–$1.46 (Feb 26, 2026) → lowered $1.28–$1.37 (May 28, 2026) → lowered $1.06–$1.12 (Aug 27, 2026) | — | to be reported | — |
| FY25 | $1.51–$1.65 (Dec 4, 2024) → lowered $1.49–$1.63 (Feb 27, 2025) → lowered $1.49–$1.59 (May 29, 2025) → lowered $1.33–$1.35 (Aug 28, 2025) | — | — | — |
The latest quarter
Hormel Foods, Q3 FY26: revenue $3.0B (-2% year over year), operating margin 3.7%, net earnings $59.5M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
Questions
Does Hormel Foods beat its guidance?
Hormel Foods gave guidance in 12 earnings releases on file since May 30, 2024. Of 6 guided periods since reported, it met or beat its own guidance 4 times (67%). Revenue: 3 of 3, on average -0.2% against the guided midpoint.
How often does Hormel Foods raise guidance?
Its earnings releases raised guidance once and lowered it 3 times since May 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.