Filing Flows › Hormel Foods (HRL) › Q1 FY26
Hormel Foods (HRL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 26, 2026
Hormel Foods (HRL) reported revenue of $3.0B for the first quarter fiscal 2026 (Q1 FY26), +1% from a year earlier and -5% from the quarter before. Operating margin was 8.0%, net earnings $182M (6.0% of revenue).
Hormel Foods, Q1 FY26: revenue $3.0B (+1% year over year), operating margin 8.0%, net earnings $182M, operating cash flow $349M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -5% | +1% |
| Gross profit | $470M | +6% | -1% |
| Operating profit | $244M | 112× | +7% |
| Net earnings | $182M | — | +7% |
| Operating cash flow | $349M | +8% | +13% |
| Free cash flow | $280M | +21% | +18% |
What changed
Revenue was $3.0B in Q1 FY26, up 1% year over year and down 5% from the previous quarter. Perishable was the largest line at 74% of revenue. Perishable added $0.09B year over year (up 4%), 225% of the total change. Shelf-stable declined 6%.
Gross margin was 15.5%, down 0.4 points from a year earlier. Operating profit was $0.24B, a 8.0% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 8% margin then. Operating expenses fell 9% while revenue rose 1%. Net earnings were $0.18B, up 7% year over year. The effective tax rate was 22.4%.
Operating cash flow was $0.35B (up 13% year over year), 192% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.07B left free cash flow of $0.28B.
Questions
What was Hormel Foods' revenue in the first quarter fiscal 2026?
Hormel Foods (HRL) reported revenue of $3.0B for the first quarter fiscal 2026 (Q1 FY26), +1% from a year earlier and -5% from the quarter before.
Was Hormel Foods profitable in the first quarter fiscal 2026?
Operating profit was $244M (8.0% of revenue) and net earnings $182M.
Source: Hormel Foods 10-Q on SEC EDGAR.