Equity Profile

HRL

Hormel Foods Corporation

Consumer StaplesPackaged Foods & Meats$13.0B

May28Thu

Post-Earnings Recap

ReportedQ2-2026Pre-Market6:30 AM EDT

Hormel Foods Beats on EPS, Stock Up 12.55%

Metric	Actual	Expected	Surprise
EPS	$0.40	$0.35	+13.64%
Revenue	N/A	$3.0B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Hormel Foods Beats on EPS, Stock Up 12.55%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.40	$0.35	+13.64%
Revenue	N/A	$3.0B	N/A

Management Commentary

Tone: Unknown

No transcript is on record for the earnings call, so the analysis is based solely on numerical results.

What It Means

Hormel Foods Corporation reported better-than-expected earnings per share, which likely contributed to a strong stock reaction, with shares rising 12.55%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the EPS beat as a positive sign for the company's profitability.

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.35

Revenue

Total revenue provides insight into overall sales performance and market demand for Hormel's products.

$3.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Hormel Foods Corporation (HRL) is a major player in the consumer staples sector, specializing in packaged foods and meats. The company is known for its diverse range of products, including meats, meals, and snacks, which are staples in many households. As consumer preferences shift towards convenience and quality, Hormel's performance is closely tied to trends in food consumption and retail dynamics.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.04%

Avg Stock Reaction

-0.58%

Last Quarter Recap

In the last quarter, Hormel reported an EPS of $0.34, exceeding expectations of $0.32, marking a positive surprise. However, the stock experienced a decline of nearly 2% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on cost management to improve margins.
Expansion of product lines to meet changing consumer preferences.
Continued investment in marketing to enhance brand visibility.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Hormel's upcoming earnings, expecting it to meet or slightly exceed EPS and revenue estimates. However, concerns about rising costs and competitive pressures could temper enthusiasm.

Bull Case

If Hormel can demonstrate strong sales growth and effective cost management, it may exceed expectations, leading to a positive market reaction.

Bear Case

Should the company report weaker-than-expected sales or rising costs, it could lead to a significant decline in stock price, reflecting investor concerns.

Key Metrics to Watch

EPS

$0.35

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$3.0B

Total revenue provides insight into overall sales performance and market demand for Hormel's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Hormel's revenue meet or exceed the $3.0B consensus?

Revenue performance is crucial for assessing market demand and growth potential, which investors will closely monitor.

What specific strategies is management implementing to control costs?

With rising costs impacting margins, insights into cost management strategies will be critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Hormel's ability to manage costs effectively, given its historical focus on operational efficiency and product innovation.

Supporting Evidence

Hormel has a track record of exceeding EPS estimates, suggesting potential for another positive surprise.

The options market is pricing in a larger move than historical averages, indicating heightened expectations.

Management's commitment to cost control could mitigate the impact of rising input costs.

Key Risk

If Hormel's revenue comes in below $2.9B, it could significantly challenge the bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Hormel can sustain profitability amid rising costs and competitive pressures.

Bull Confirmed If

An EPS of $0.36 or higher, coupled with revenue exceeding $3.0B, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.35 or revenue falling short of $2.9B would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.69%

Historical Avg

±5.1%

Pricing rich

The options market is pricing in a relatively large move, suggesting that investors anticipate significant volatility around the earnings report.

Options are pricing ±6.7% while HRL has averaged ±5.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

23.2%

Calls (1.1M)P/C Ratio: 0.79Puts (125K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 8 of 27 (30%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 19 of 27 (70%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 3.9%, with a raw directional average of +0.8% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hormel beats expectations, history suggests a potential average one-day move of +2.62%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.

Miss

A miss could lead to a decline, with historical patterns indicating an average one-day drop of -4.59% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on cost management strategies and their effectiveness.
2Details on product line expansions and consumer response.
3Any commentary on competitive pressures in the packaged foods sector.
4Insights into supply chain stability and its impact on operations.
5Management's outlook on future sales growth and market trends.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.35

Revenue

Total revenue provides insight into overall sales performance and market demand for Hormel's products.

$3.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.04%

Avg Stock Reaction

-0.58%

Last Quarter Recap

Management Promises & Guidance

Focus on cost management to improve margins.
Expansion of product lines to meet changing consumer preferences.
Continued investment in marketing to enhance brand visibility.

Expectations

Wall Street Expectations

Bull Case

If Hormel can demonstrate strong sales growth and effective cost management, it may exceed expectations, leading to a positive market reaction.

Bear Case

Should the company report weaker-than-expected sales or rising costs, it could lead to a significant decline in stock price, reflecting investor concerns.

Key Metrics to Watch

EPS

$0.35

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$3.0B

Total revenue provides insight into overall sales performance and market demand for Hormel's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Hormel's revenue meet or exceed the $3.0B consensus?

Revenue performance is crucial for assessing market demand and growth potential, which investors will closely monitor.

What specific strategies is management implementing to control costs?

With rising costs impacting margins, insights into cost management strategies will be critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Hormel's ability to manage costs effectively, given its historical focus on operational efficiency and product innovation.

Supporting Evidence

Hormel has a track record of exceeding EPS estimates, suggesting potential for another positive surprise.

The options market is pricing in a larger move than historical averages, indicating heightened expectations.

Management's commitment to cost control could mitigate the impact of rising input costs.

Key Risk

If Hormel's revenue comes in below $2.9B, it could significantly challenge the bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Hormel can sustain profitability amid rising costs and competitive pressures.

Bull Confirmed If

An EPS of $0.36 or higher, coupled with revenue exceeding $3.0B, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.35 or revenue falling short of $2.9B would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.69%

Historical Avg

±5.1%

Pricing rich

The options market is pricing in a relatively large move, suggesting that investors anticipate significant volatility around the earnings report.

Options are pricing ±6.7% while HRL has averaged ±5.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

23.2%

Calls (1.1M)P/C Ratio: 0.79Puts (125K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 8 of 27 (30%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hormel beats expectations, history suggests a potential average one-day move of +2.62%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.

Miss

A miss could lead to a decline, with historical patterns indicating an average one-day drop of -4.59% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on cost management strategies and their effectiveness.
2Details on product line expansions and consumer response.
3Any commentary on competitive pressures in the packaged foods sector.
4Insights into supply chain stability and its impact on operations.
5Management's outlook on future sales growth and market trends.