Equity Profile

HRL

Hormel Foods Corporation

Consumer StaplesPackaged Foods & Meats$13.4B

Aug27Thu

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Hormel Foods Corporation (HRL) is a major player in the consumer staples sector, specializing in packaged foods and meats. As a well-known brand, Hormel's products are staples in many households, making it sensitive to changes in consumer spending and food trends.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Revenue Growth

Revenue growth will indicate how well Hormel is performing in a competitive market and whether it can maintain or grow its market share.

N/A

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

HRL Q3-2026 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

In Q2-2026, Hormel reported an EPS of $0.40, exceeding expectations by 13.64%. The stock reacted positively, rising 12.55% the following day.

Management Promises & Guidance

Focus on cost management to improve margins.
Continue to innovate with new product offerings.
Strengthen supply chain resilience.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Hormel has shown some positive surprises in recent quarters, but uncertainty remains regarding revenue growth.

Bull Case

If Hormel can continue to innovate and manage costs effectively, it may see strong revenue growth, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet revenue expectations or faces higher costs, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

EPS is a critical measure of profitability that investors will closely watch to assess the company's financial performance.

How is Hormel managing its supply chain and cost pressures?

With rising costs in the food industry, understanding Hormel's approach to cost management will be key to evaluating its future profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Hormel's ability to manage costs effectively, especially given recent innovations in product offerings.

Supporting Evidence

Hormel's recent EPS surprises indicate a trend of exceeding expectations.

The company's focus on supply chain improvements may mitigate cost pressures more effectively than anticipated.

Key Risk

If Hormel's EPS comes in below $0.35, it could signal deeper issues with cost management and revenue generation.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Hormel's ability to navigate cost challenges while maintaining profitability.

Bull Confirmed If

An EPS of $0.45 or higher would confirm strong profitability and effective cost management.

Bear Confirmed If

An EPS below $0.35 would indicate potential issues with profitability and cost pressures.

Pre-Earnings Positioning

Options Market

Implied Move

±12.48%

Historical Avg

±5.1%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±12.5% while HRL has averaged ±5.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

41.6%

Calls (891K)P/C Ratio: 0.16Puts (258K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hormel beats expectations, history suggests a potential stock increase of around 1.83%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of approximately 4.59%, reflecting investor disappointment and concerns over profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches and their expected impact on sales.
2Details on cost management strategies and supply chain resilience.
3Any commentary on consumer demand trends in the packaged foods sector.
4Insights into pricing strategies in response to inflation.
5Management's outlook on future revenue growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Sandisk Corporation

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Revenue Growth

Revenue growth will indicate how well Hormel is performing in a competitive market and whether it can maintain or grow its market share.

N/A

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

HRL Q3-2026 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

In Q2-2026, Hormel reported an EPS of $0.40, exceeding expectations by 13.64%. The stock reacted positively, rising 12.55% the following day.

Management Promises & Guidance

Focus on cost management to improve margins.
Continue to innovate with new product offerings.
Strengthen supply chain resilience.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Hormel has shown some positive surprises in recent quarters, but uncertainty remains regarding revenue growth.

Bull Case

If Hormel can continue to innovate and manage costs effectively, it may see strong revenue growth, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet revenue expectations or faces higher costs, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

EPS is a critical measure of profitability that investors will closely watch to assess the company's financial performance.

How is Hormel managing its supply chain and cost pressures?

With rising costs in the food industry, understanding Hormel's approach to cost management will be key to evaluating its future profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Hormel's ability to manage costs effectively, especially given recent innovations in product offerings.

Supporting Evidence

Hormel's recent EPS surprises indicate a trend of exceeding expectations.

The company's focus on supply chain improvements may mitigate cost pressures more effectively than anticipated.

Key Risk

If Hormel's EPS comes in below $0.35, it could signal deeper issues with cost management and revenue generation.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Hormel's ability to navigate cost challenges while maintaining profitability.

Bull Confirmed If

An EPS of $0.45 or higher would confirm strong profitability and effective cost management.

Bear Confirmed If

An EPS below $0.35 would indicate potential issues with profitability and cost pressures.

Pre-Earnings Positioning

Options Market

Implied Move

±12.48%

Historical Avg

±5.1%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±12.5% while HRL has averaged ±5.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

41.6%

Calls (891K)P/C Ratio: 0.16Puts (258K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hormel beats expectations, history suggests a potential stock increase of around 1.83%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of approximately 4.59%, reflecting investor disappointment and concerns over profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches and their expected impact on sales.
2Details on cost management strategies and supply chain resilience.
3Any commentary on consumer demand trends in the packaged foods sector.
4Insights into pricing strategies in response to inflation.
5Management's outlook on future revenue growth.