Q3 FY26 · Ended Jul 26, 2026 · View SEC filing
Gross profit held; one-off charges halved operating profit
Gross profit dipped only 3.2%, so the fall came from exit losses, a write-down and a settlement, not from selling food.
For investorsWhat has to go right for Hormel's margin to recover?
For foundersSelling the job, not the pound: the Foodservice playbook
Hormel is shedding commodity turkey and private label nuts, so each pound it keeps sells for more than before.
The charges cost little cash and working capital improved, so free cash flow reached $172.4M against $84.5M.
Annual sales rose 26.8%, yet the gross margin fell to 15.6%, a slide that began long before this quarter's charges.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Hormel Foods from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
