Filing Flows › Hormel Foods (HRL) › Q3 FY26
Hormel Foods (HRL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 27, 2026
Hormel Foods (HRL) reported revenue of $3.0B for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and -0.4% from the quarter before. Operating margin was 3.7%, net earnings $59.5M (2.0% of revenue).
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.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -0.4% | -2% |
| Gross profit | $472M | -9% | -3% |
| Operating profit | $111M | -49% | -54% |
| Net earnings | $59.5M | -62% | -68% |
| Operating cash flow | $241M | +34% | +54% |
| Free cash flow | $172M | +78% | +104% |
What changed
Revenue was $3.0B in Q3 FY26, down 2% year over year and roughly flat from the previous quarter. Perishable was the largest line at 74% of revenue. Shelf-stable lost $0.04B year over year (down 5%), 53% of the total change.
Gross margin was 15.9%, down 0.1 points from Q3 FY25. Operating profit was $0.11B, a 3.7% margin (down 4.2 points year over year). Operating expenses grew 46% against a revenue fall of 2%. Net earnings were $0.06B, down 68% year over year. The effective tax rate was 42.3%.
Operating cash flow was $0.24B (up 54% year over year), 404% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.07B left free cash flow of $0.17B.
Questions
What was Hormel Foods' revenue in the third quarter fiscal 2026?
Hormel Foods (HRL) reported revenue of $3.0B for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and -0.4% from the quarter before.
Was Hormel Foods profitable in the third quarter fiscal 2026?
Operating profit was $111M (3.7% of revenue) and net earnings $59.5M.
Source: Hormel Foods 10-Q on SEC EDGAR.