Hormel Foods Corporation

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October 12, 2026

Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced Holly LaVallie is re-joining the company as vice president of marketing excellence.

In her new role, LaVallie will lead the development and execution of enterprise marketing capabilities designed to support brand growth across the company’s Retail, Foodservice and International businesses. Her responsibilities include brand strategy and experience, design and content, media and agency management, marketing technology, marketing training and marketing effectiveness.

“We are thrilled to welcome Holly back to Hormel Foods,” John Ghingo, president and chief executive officer-elect, said. “She brings a unique combination of deep institutional knowledge, marketing expertise and proven leadership. Holly has a strong track record of building brands, developing talent and creating capabilities that help organizations grow. She will play an important role as we continue to accelerate growth across our portfolio.”

LaVallie returns to the company after serving as senior vice president of marketing, R&D and PMO, at Link Snacks. During her 19-year career with Hormel Foods, she held a variety of leadership roles across the company’s brand portfolio and played a key role in strategic planning and innovation.

About Holly LaVallie

LaVallie is an accomplished food industry leader with more than two decades of experience driving growth, innovation and business transformation across consumer packaged goods organizations. She most recently served as senior vice president of marketing, R&D and PMO at Link Snacks, where she oversaw a multi-billion-dollar portfolio of brands and led end-to-end commercialization efforts.

Prior to joining Link Snacks, LaVallie spent 19 years at Hormel Foods in a variety of leadership roles spanning brand management, long-range planning, innovation, new business development and general management. During her tenure, she played a key role in the development and growth of the company’s Deli Solutions business and led major refrigerated retail businesses.

LaVallie holds a Master of Business Administration from the University of St. Thomas and a bachelor’s degree in hospitality, restaurant and tourism management from the University of Wisconsin-Stout.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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Acquisition Will Strengthen Hormel Foods' Position in a Growing Protein Category and Enhance its Leading Foodservice Capabilities

AUSTIN, Minn., (Sep. 30, 2026) — Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company, from the Brakebush family.

The purchase price is approximately $1.055 billion, and the transaction is expected to close during the first quarter of Hormel Foods' fiscal 2027, subject to customary closing conditions, including regulatory approval.

The acquisition advances Hormel Foods' strategy of investing in growing protein categories, will meaningfully expand the company's position in value-added chicken and is expected to strengthen its leading Foodservice platform through enhanced operator relationships, category expertise and an expanded direct sales organization.

“Brakebush is a highly respected leader in value-added chicken and has earned the trust of customers for more than 100 years through innovation, quality and exceptional relationships,” said Jeff Ettinger, interim chief executive officer.

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September 30, 2026

Austin, Minn.

Acquisition Will Strengthen Hormel Foods’ Position in a Growing Protein Category and Enhance its Leading Foodservice Capabilities

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company, from the Brakebush family.

The purchase price is approximately $1.055 billion, and the transaction is expected to close during the first quarter of Hormel Foods’ fiscal 2027, subject to customary closing conditions, including regulatory approval.

The acquisition advances Hormel Foods’ strategy of investing in growing protein categories, will meaningfully expand the company’s position in value-added chicken and is expected to strengthen its leading Foodservice platform through enhanced operator relationships, category expertise and an expanded direct sales organization.

“Brakebush is a highly respected leader in value-added chicken and has earned the trust of customers for more than 100 years through innovation, quality and exceptional relationships,” said Jeff Ettinger, interim chief executive officer. “The company’s talented team, strong culture and differentiated capabilities make it an excellent fit for Hormel Foods. Our industry-leading Foodservice business has been a source of growth, and we are excited to meaningfully expand our presence in value-added chicken.”

“Chicken has been one of the most attractive growth categories in protein, and Brakebush has built an exceptional platform to serve that demand,” said John Ghingo, president and chief executive officer-elect. “Hormel Foods has built a strong Foodservice business by helping operators succeed through innovation, service and value-added solutions. We believe that Brakebush will bolster our capabilities, bringing additional scale, expertise and customer reach, in support of our long-term growth strategy.”

“Brakebush has always been a people-first company, built on strong relationships, shared values and a commitment to doing business the right way,” said Carey Brakebush, chairman of the board, Brakebush. “We see those same qualities in Hormel Foods. Their culture, integrity and long-term approach to growth give us great confidence that Brakebush will continue to thrive for our employees, customers and communities in the years ahead.”

Founded in 1925 and headquartered in Westfield, Wisconsin, Brakebush has established itself as a leading, value-added, non-vertically integrated chicken provider, serving a diverse foodservice customer base across national and regional operators. Brakebush generated approximately $1.2 billion in net sales over the last 12 months and operates five production facilities and two research and development labs.

Hormel Foods expects the acquisition to generate growth, unlock operational synergies, and enhance cash flows. The company expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028. The company expects to report the results of Brakebush’s operations primarily in its Foodservice segment.

Advancing Hormel Foods’ Growth Strategy

Hormel Foods expects the acquisition to provide the following strategic benefits:

• Strengthens Hormel Foods’ Position in a Growing Protein Category: The addition of Brakebush will significantly expand Hormel Foods’ presence in value-added chicken, positioning the company to participate more meaningfully in one of the most attractive segments of protein.
• Creates a Broader Platform for Foodservice Segment Growth: Brakebush’s established direct sales organization, deep relationships and category expertise are expected to enhance Hormel Foods’ existing Foodservice capabilities and customer reach. Together, the businesses are expected to be better positioned to serve national and regional operators with high-quality, value-added protein solutions.
• Adds a Reputable, Scaled Asset: Opportunities to acquire a leading value-added chicken business with Brakebush’s scale, reputation and customer loyalty are uncommon. Hormel Foods believes the company brings a solid asset base, strong innovation capabilities and deep customer relationships built over more than 100 years.
• Aligns with Hormel Foods’ Long-Term Growth Strategy: The acquisition reflects Hormel Foods’ disciplined approach to portfolio management and capital allocation, and reinforces its focus on categories, channels and capabilities with long-term growth potential.

Wells Fargo is acting as exclusive financial advisor to Hormel Foods and Faegre Drinker Biddle & Reath is serving as legal counsel. William Blair is acting as exclusive financial advisor and Michael Best & Friedrich LLP is serving as legal counsel for Brakebush.

CONFERENCE CALL

A conference call will be webcast at 7 a.m. CT on Sep. 30, 2026. Access is available at hormelfoods.com by clicking on “Investors.” The call will also be available via telephone by dialing 833-461-5787 (toll free) or 585-542-9983 (international) and providing the conference ID 284 105 358. A webcast replay will be available at investor.hormelfoods.com following the call and will remain on the website for one year.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

ABOUT BRAKEBUSH BROTHERS, LLC

Family-owned and operated since 1925, Brakebush Brothers, LLC, offers a wide variety of further processed chicken for foodservice establishments nationwide. The company is headquartered in Westfield, WI with additional facilities in Mocksville, NC; Irving, TX; Wells, MN; and Hartwell, GA. Visit www.brakebush.com for more information.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which are based on the current assumptions and expectations of Hormel Foods Corporation (the “Company”). These statements are typically accompanied by the words “aim,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “seek,” “target,” “will,” “would,” or similar words or expressions. The principal forward-looking statements in this news release include statements regarding the pending acquisition of Brakebush and the anticipated benefits of, and the Company’s plans, strategies, and objectives relating to, such acquisition.

All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although the Company believes there is a reasonable basis for the forward-looking statements, actual events or results could be materially different. The most important factors that could cause actual future results or events to differ from its forward-looking statements include, but are not limited to, risks relating to completing the acquisition in the anticipated timeframe, or at all; risks related to the ability to realize the anticipated benefits of the acquisition; the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, and strategies resulting from the acquisition or otherwise could adversely impact the value or expected benefit of the acquisition; the expected financial and operating performance and future opportunities following the acquisition; risks relating to the receipt of regulatory approvals without unexpected delays or conditions and possibility of regulatory action; the risks and costs of the pursuit and/or implementation of the acquisition; risks related to the Company’s access to available financing to consummate the acquisition upon acceptable terms and on a timely basis or at all; the effect of the announcement or pendency of the acquisition on the Company’s or Brakebush’s business relationships, competition, business, financial condition, and operating results, including risks that the acquisition disrupts current plans and operations of the Company or Brakebush, the ability of the Company or Brakebush to retain and hire key personnel, and risks related to diverting either management team’s attention from ongoing business operations; the ability of the Company to successfully integrate Brakebush’s operations and implement its plans, forecasts, and other expectations with respect to Brakebush’s business or the combined business after the closing of the acquisition; the ability of the Company to manage any additional debt and successfully de-lever following the acquisition; the outcome of any legal proceedings that may be instituted against the Company or Brakebush related to the acquisition; and the other risks and uncertainties described in Item 1A – Risk Factors of the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at hormelfoods.com in the “Investors” section. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company cautions that other factors may in the future prove to be important in affecting the Company’s business or results of operations. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement except as otherwise required by law.

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September 29, 2026

Austin, Minn.

Three new Peanutters will travel the country in the 26-foot-long NUTmobile beginning in June 2027.

• The PLANTERS® NUTmobile is hiring three Peanutters to hit the salty streets in June 2027.
• Applications are open through Nov. 1. College graduates can apply for this once in a lifetime opportunity with a resume and creative video.
• Peanutters travel the country in the NUTmobile, create social media content, work with media and execute events, while earning a salary and benefits.

The PLANTERS® NUTmobile is hitting the road again, and the PLANTERS® brand is seeking three adventurous Peanutters to join the ride beginning in June 2027.

The NUTmobile is a 26-foot-long peanut on wheels and the center of a year-round experiential marketing program. Peanutters drive the NUTmobile, create social media content, plan and execute hundreds of events and stops, connect with local and national media and surprise and delight brand fans across the country.

One Shell of an Opportunity

The PLANTERS® brand is seeking college graduates who are engaging storytellers, confident communicators and savvy social content creators with a willingness to jump into nutty situations. Prospective Peanutters must submit a resume and short video showing what they would bring to the role. Creativity and humor are highly encouraged. Travel enthusiasts with an appetite for adventure and salty snacks are encouraged to apply at BeAPeanutter.com through Nov. 1, 2026.

“The Peanutters have an incredible opportunity to take the brand on the road while gaining experiences they’ll remember long after the job is over,” said Patrick Horbas, director of marketing for the PLANTERS® brand. “They get to travel, meet people from all over, experience some unique events and make connections along the way. It’s a chance to step outside their everyday routine, have some fun and be part of something that’s unlike any other job.”

For Those Who Go Nuts for a Road Trip

Trade in a desk job for a year in the driver’s seat. Peanutters crisscross the country bringing the PLANTERS® brand to life at sporting events, festivals, college campuses, community events and more. Last year’s class of Peanutters traveled to 41 states and logged over 30,000 miles on their journey, all while receiving an annual salary, full-time benefits, generous meal and travel stipends and real-world marketing and PR experience.

When the road trip rolls to its final stop, Peanutters are encouraged to apply for full-time roles at Hormel Foods to continue their careers.

In a Nutshell

This isn’t your typical entry-level role — it’s a once-in-a-lifetime adventure featuring a 26-foot-long peanut on wheels. From unexpected encounters to unforgettable road trip moments, no two days on the road are the same. Along the way, Peanutters gain valuable real-world experience in a marketing, public relations, content creation and communication while making memories and friendships that can last a lifetime.

To Be or Nut to Be

Ready to throw your name in the top hat? Apply now at BeAPeanutter.com and get ready to go nuts.

FAQs

How do I apply to become a 2027 PLANTERS® Peanutter?

Applicants can apply at BeAPeanutter.com through Nov. 1, 2026. Applicants must submit a resume and a short, creative video showing what they would bring to the role.

What does a Peanutter do?

Peanutters travel across the country in the 26-foot-long NUTmobile, creating social media content, working with local and national media, planning and executing events and connecting with PLANTERS® brand fans along the way.

Where do Peanutters travel?

Peanutters travel throughout the United States, making stops at sporting events, festivals, college campuses, community events and other destinations. The 2026 class traveled to 41 states and met more than 160,000 people.

Is the Peanutter position a paid job?

Yes. The Peanutter position is a paid, full-time role. Peanutters receive an annual salary, full-time benefits and generous meal and travel stipends.

When does the 2027 Peanutter job begin?

The 2027 Peanutter class will begin traveling in the NUTmobile in June 2027.

Who is eligible to become a Peanutter?

The PLANTERS® brand is seeking college graduates who are engaging storytellers, confident communicators and savvy social content creators. Applicants should also be comfortable traveling extensively and representing the PLANTERS® brand at events and in local and national media.

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About the PLANTERS® Brand

Founded in 1906 in Wilkes-Barre, Pa., the Planters® brand has been the ultimate snacking solution for consumers for over a century with a vast portfolio of peanuts, snackable nut mixes, seeds and so much more. No matter what you’re craving — salted, unsalted, dry roasted, honey roasted, whole nuts, half nuts, peanuts, mixed nuts — Planters® products have you covered. The Planters® brand, which has been owned by Hormel Foods Corporation (NYSE: HRL) since 2021, is also home to the beloved Mr. Peanut® character, who is currently touring the salty streets of America in his world-famous NUTmobile. Fans of the Planters® brand can request the world’s largest peanut on wheels by submitting a request at plantersnutmobile.com . For more information on all Planters® products, visit planters.com

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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September 16, 2026

Austin, Minn.

Emerging culinary professionals can apply for an immersive enrichment experience focused on creativity, leadership and foodservice industry innovation.

• Hands-On Learning Experience: Selected participants will take part in three immersive learning modules with Hormel Foods Foodservice team members in April 2027 (Napa Valley, California), October 2027 (San Antonio, Texas) and April 2028 (New York City).
• Application Requirements: Through Nov. 30, applicants with more than 10 years of professional culinary experience, proven culinary and leadership skills, and a long-term commitment to the industry are encouraged to apply at www.ceipinfo.com .
• An Investment in Culinary Leaders of Tomorrow: To help foster the culinary leaders of tomorrow, the Hormel Foods Foodservice team has underwritten the cost of program development and the tuition of this unique program.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that applications are now open for the National Culinary Enrichment and Innovation Program (CEIP) class of 2028, a rigorous leadership development experience designed for accomplished culinary professionals. Launched in partnership with the Culinary Institute of America (CIA) in 2008, CEIP is the only culinary program to provide advanced culinary leadership training and enrichment specifically created for commercial and non-commercial chefs.

Program Selection

The year-long leadership program selects a cohort of 20 accomplished foodservice chefs for three immersive learning modules held at CIA facilities in Napa Valley, California; San Antonio, Texas; and New York.

“The future of foodservice depends on strong culinary leaders who can inspire teams, drive innovation and adapt to a rapidly evolving industry,” said Annemarie Vaupel, vice president of foodservice marketing at Hormel Foods. “Through CEIP, we’re investing in experienced chefs who are committed to advancing their craft and elevating the profession. We’re proud to partner with the Culinary Institute of America to help develop the next generation of industry leaders.”

The program brings together chefs from across the industry to learn from each other and build relationships with the CIA and Hormel Foods Foodservice teams. To continue to showcase their investment, the program’s tuition is underwritten by Hormel Foods, underscoring the company’s commitment to developing the next generation of culinary leaders.

Culinary professionals with more than 10 years of experience, proven culinary and leadership skills, and long-term commitment to the industry are encouraged to apply from now until Nov. 30 at www.ceipinfo.com .

Frequently Asked Questions (FAQs)

When do CEIP applications open?

Applications for the CEIP class of 2028 are open now through Nov. 30, 2026 at www.ceipinfo.com .

What qualifications and/or prerequisites must be met to apply?

Chefs interested in applying for CEIP must meet the following requirements:

• 10+ years professional culinary experience
• Proven culinary and leadership skills
• Highly creative and innovative
• Long-term commitment to the industry

Prerequisites:

• There are no academic prerequisites
• College degree and/or past schooling in, or certification from, a culinary institution is not required for acceptance
• This is, however, a fast-paced, interactive learning environment requiring participation among other professionals.

How long is CEIP?

The Culinary Enrichment and Innovation Program occurs over a 12-month period at the CIA campuses. Participants are required to attend each module in order to receive the CIA certificate of completion and the continuing education units at the conclusion of the program.

CEIP Class of 2028 – Program Dates:

• Module I: Napa Valley, CA, April 5–8, 2027
• Module II: San Antonio, TX, Oct. 2027 TBA
• Module III: Hyde Park, NY, April 2028 TBA

What is the total cost of CEIP?

Hormel Foods underwrites all tuition fees and meals for the length of the program. All additional costs connected to attending CEIP will be the responsibility of the participants. These costs will include, but are not limited to:

• Transportation to and from The Culinary Institute of America locations
• Lodging
• Personal expenses

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About Hormel Foodservice

Our culinary passion is what fuels us; a shared love of food is the inspiration behind our products, our brands and our protein expertise. Hormel Foodservice prides itself on offering pioneering solutions meant to ignite creativity while minimizing the back-of-house challenges of a fast-paced kitchen. Whatever the need, Hormel Foodservice is here to help its customers thrive. For more information on the vast product collection of Hormel Foodservice, including an array of globally inspired flavors and fully cooked proteins, visit hormelfoodservice.com .

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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September 25, 2026

Austin, Minn.

Product is sold only to foodservice operators and cannot be purchased directly by consumers

Fontanini Foods, LLC is voluntarily recalling 232 cases or 2,320 total pounds of FONTANINI® breakfast pork sausage link that has an establishment number of 6944 sent to foodservice operators throughout the United States as they may be contaminated with foreign material, specifically clear, hard plastic. No other FONTANINI® products are affected, and no illnesses or injuries have been reported in association with this recall.

This product is only sold to foodservice customers and cannot be purchased directly by consumers. All customers that received the affected product have been properly notified.

Products subject to this recall action:

Show More

Complete details regarding the recall of this product, including the product case labels, are below.

Fontanini Foods, LLC is issuing the recall to ensure that customers are made aware of the issue. This recall is being made with the knowledge of the USDA Food Safety and Inspection Service (FSIS).

Recalled Product Details

Item: 82339

Picture: Case Label

Picture: Case

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Fontanini Foods, LLC is issuing the recall to ensure that customers are made aware of the issue.

This recall is being made with the knowledge of the USDA Food Safety and Inspection Service (FSIS).

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September 10, 2026

Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Paul Kuehneman as chief accounting officer.

In this role, Kuehneman will lead the company’s accounting organization and oversee its tax function, creating greater alignment across these important areas of the finance organization. He will work closely with Ash Bhumbla, executive vice president and chief financial officer, to support the company’s finance strategy and operations.

“Paul is a respected leader whose deep understanding of our business, financial expertise and commitment to our people make him exceptionally well-suited for this role,” said John Ghingo, president, Hormel Foods. “Paul’s experience and perspective will serve him well in this expanded role.”

With more than three decades of experience at Hormel Foods, Kuehneman most recently served as interim chief financial officer and controller, helping guide the company through an important leadership transition.

About Paul Kuehneman

Kuehneman joined Hormel Foods in 1993 and has held various accountant and controller roles at the company’s Austin, Minnesota, and Rochelle, Illinois, manufacturing facilities, as well as the company’s headquarters in Austin. In 2009, he became director of internal audit and in 2016 was promoted to vice president and chief financial officer for Jennie-O Turkey Store. He was named assistant controller in November 2020 and controller in January 2022. Kuehneman earned a bachelor’s degree in accounting from Northwest Missouri State University and is a certified public accountant (CPA).

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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Company Raises and Narrows Adjusted EPS¹ Outlook Following Solid Third Quarter and Strong Year-to-Date Performance

AUSTIN, Minn. (Aug. 27, 2026) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the third quarter of fiscal 2026, which ended July 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted.

EXECUTIVE SUMMARY — THIRD QUARTER

•Net sales of $2.96 billion; organic net sales1 down 2%

•Operating income of $111 million; adjusted operating income1 of $266 million

•Operating margin of 3.7%; adjusted operating margin1 of 9.0%

•Earnings before income taxes of $103 million; adjusted earnings before income taxes1 of $258 million

•Diluted earnings per share of $0.11; adjusted diluted earnings per share1 of $0.37

•Cash flow from operations of $241 million

EXECUTIVE COMMENTARY

"We delivered solid third quarter results, growing our adjusted earnings and continuing to advance our fiscal 2026 objectives,” said Jeff Ettinger, interim chief executive officer.

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September 28, 2026

Austin, Minn.

The dividend will be paid on November 16, 2026, to stockholders of record at the close of business on October 13, 2026.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at $0.2925 per share. The dividend will be paid on November 16, 2026, to stockholders of record at the close of business on October 13, 2026.

This marks the 393rd consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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September 14, 2026

Austin, Minn.

SPAM® Hot Honey hits the menu with limited-edition breakfast items and co-branded merch capsule at New York City’s acclaimed Win Son Bakery.

• New Permanent Flavor: SPAM® Hot Honey joins the lineup of more than 10 varieties, bringing a sweet-and-spicy twist to the iconic canned meat, available now at grocery retailers nationwide.
• New York City Restaurant Collaboration: The SPAM® brand teams up with New York City’s acclaimed Win Son Bakery for limited-time breakfast menu items available Sept. 14-20 at both its Manhattan and Brooklyn locations.
• Shop the Limited-Time Co-Branded Merch Capsule: Fans can also pick up a co-branded, streetwear-inspired merch collection, including a T-shirt, hat and tote bag, available now nationwide via Win Son Bakery’s website and in-store.

The SPAM® brand today announced the launch of SPAM® Hot Honey , a new full-time addition to its lineup of more than 10 varieties, bringing a sweet-and-spicy twist to the iconic canned meat. To celebrate, the SPAM® brand is teaming up with Win Son Bakery, the acclaimed Brooklyn eatery known for its fearless, modern approach to Taiwanese cuisine. Fans can get their first taste of the new flavor through two exclusive, limited-edition menu items and a co-branded merchandise capsule.

Win Son Bakery SPAM® Hot Honey Breakfast Sandwich

Beginning today through Sept. 20, Win Son Bakery is serving up an exclusive SPAM® Hot Honey breakfast sandwich, made with a slice of SPAM® Hot Honey, egg and cheese on their signature scallion pancake. Fans can also order a limited-edition SPAM® Hot Honey Fan Tuan, a Taiwanese sticky rice roll, throughout the week at Win Son Bakery’s Brooklyn and Manhattan locations. Can’t make it to Win Son Bakery? The breakfast sandwich recipe is also available on spam.com .

Limited-Time Co-Branded Merch Capsule

Beyond the menu, fans can purchase items from a limited-time capsule of co-branded, streetwear-inspired merchandise, including a T-shirt, hat and tote bag, available now nationwide via Win Son Bakery’s website . Fans can also shop the collection in-store at both Win Son Bakery locations.

How SPAM® Hot Honey Came To Be

“SPAM® Hot Honey taps into one of today’s fastest-growing flavor trends, giving longtime fans and new audiences alike another reason to reach for the iconic blue can,” said Stephanie Swift, brand manager of the SPAM® brand. “The SPAM® brand has an enduring, decades-long connection with Asian American and Pacific Islander communities and cuisine, and partnering with Win Son Bakery to introduce this flavor felt like a natural, authentic way to get out of the can and into the kitchen.”

“This SPAM® collaboration felt like a genuine extension of the food we grew up with and the food we serve every day,” said Trigg Brown, co-owner and chef of Win Son Bakery. “Building a breakfast sandwich and a fan tuan around SPAM® Hot Honey gave us a fun new way to put our own spin on that connection, and to share it with fans who already love both brands.”

SPAM® Hot Honey is available now at select grocery retailers nationwide. For more information on the SPAM® brand, including product information, recipes and where to buy, visit spam.com and follow @SPAMBrand on Instagram and TikTok .

Frequently Asked Questions

What is SPAM® Hot Honey?

SPAM® Hot Honey is a new full-time flavor in the SPAM® product lineup, bringing a sweet-and-spicy twist to the classic canned meat.

Where can I buy SPAM® Hot Honey?

SPAM® Hot Honey is available now at select grocery retailers nationwide.

What is the SPAM® Brand x Win Son Bakery collaboration?

From Sept. 14 to 20, 2026, Win Son Bakery is serving a limited-edition SPAM® Hot Honey breakfast sandwich and a SPAM® Hot Honey Fan Tuan at its Brooklyn and Manhattan locations.

Can I make the SPAM® Hot Honey breakfast sandwich at home?

Yes. The SPAM® Hot Honey breakfast sandwich recipe is available on SPAM®’s website .

Where can I get the co-branded merch?

The limited-time capsule, including a T-shirt, hat and tote bag, is available nationwide via Win Son Bakery’s website and in-store at both locations while supplies last.

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About the SPAM® Brand

This revolutionary product won over the hearts of soldiers, world leaders, celebrities, chefs, kids and parents. Future generations continue to enjoy it as a versatile, high-quality and great-tasting mealtime favorite. The whole world can’t get enough of the iconic taste and the effortless creative potential contained within this iconic blue can. Fans of the brand can purchase SPAM® products and browse their favorite SPAM® merchandise at shop.spam.com. For more information on the SPAM® brand, including product information, recipes and where to buy, visit spam.com .

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

About Win Son Baker

Win Son Bakery is the all-day Taiwanese-American café and bakery from Trigg Brown, Josh Ku, the duo behind the acclaimed Williamsburg restaurant Win Son. Opened in Brooklyn in 2019 with pastry chef Danielle Spencer and now with a second location in Manhattan’s East Village, Win Son Bakery reinterprets Taiwanese pastries, breakfast sandwiches and coffee-shop staples through a distinctly New American lens. Brown and Ku are also co-authors, with Cathy Erway, of “Win Son Presents a Taiwanese American Cookbook.” For more information, visit winsonbrooklyn.com and follow @winsonbakery on Instagram.

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August 24, 2026

Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Ash Bhumbla as executive vice president and chief financial officer, effective Sept. 8. Paul Kuehneman, who has served as interim chief financial officer since October 2025, will work closely with Bhumbla to ensure a smooth transition and remain a key senior leader within the company’s finance organization.

Bhumbla will lead the company’s finance organization and serve as a member of the Hormel Foods senior leadership team. He will guide the company’s financial strategy, capital allocation and long-term growth objectives.

“Ash is a highly accomplished finance executive with a proven record of driving performance, leading transformation and creating long-term shareholder value,” said John Ghingo, president, Hormel Foods. “His broad experience across finance, operations and strategy, coupled with his expertise across consumer-focused, value-added protein businesses, gives him a unique perspective on our business and the opportunities ahead. His leadership will be a tremendous asset as we continue to modernize our business and position Hormel Foods for the future.”

Bhumbla brings extensive finance and business leadership experience to Hormel Foods. Throughout his career, he has helped lead large-scale transformation initiatives, drive operational and financial performance, and guide strategic growth efforts across complex businesses.

“Paul has been an exceptional steward of our business and a trusted advisor to our leadership team,” said Ghingo. “His deep knowledge of Hormel Foods, financial expertise and commitment to our people have been invaluable. We are grateful for his steady leadership during this transition and look forward to his continued contributions to the company.”

About Ash Bhumbla:

Bhumbla is an experienced finance leader with a track record of helping food companies improve performance, strengthen financial operations and execute long-term growth strategies. Bhumbla joins Hormel Foods from Tyson Foods, where he served as senior vice president and chief financial officer for the company’s Chicken segment. In 2025 he concurrently served as chief financial officer of Tyson’s International segment. During his tenure, he played a key leadership role in improving business performance through operational transformation, finance modernization and strategic planning initiatives. Previously, he held senior finance and corporate development leadership roles at Perdue Farms and International Flavors & Fragrances (IFF). He began his career with strategy consulting firm Marakon Associates. Bhumbla earned a bachelor’s degree from the University of Pennsylvania and a Master of Business Administration from The Wharton School of the University of Pennsylvania, where he graduated as a Palmer Scholar.

About Paul Kuehneman:

Kuehneman joined Hormel Foods in 1993 and has held various accountant and controller roles at the company’s Austin, Minnesota, and Rochelle, Illinois, food manufacturing facilities as well as the company’s headquarters, also in Austin. In 2009, he became the director of internal audit at Hormel Foods and in 2016 was promoted to the position of vice president and chief financial officer for Jennie-O Turkey Store in Willmar, Minnesota. He was named assistant controller in November 2020 and controller in January 2022. Kuehneman earned his bachelor’s degree in accounting from Northwest Missouri State University and is a certified public accountant (CPA).

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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• Hormel Chili

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August 13, 2026

Austin, Minn.

The new co-developed recipe delivers prominent pieces of beef, rich flavor and a satisfying, competition-style experience.

HORMEL® Chili is raising the bar for canned chili with the introduction of its new co-branded chili developed in collaboration with OMAHA STEAKS®. Designed for consumers seeking high-quality chili without sacrificing convenience, the new offering delivers a rich, competition-style experience that is ready to enjoy in minutes.

The new recipe was co-developed by Hormel Foods and Omaha Steaks, combining the strengths of both brands to create a premium, flavorful chili experience. From the selection and presentation of the beef to the chili’s texture, seasoning and slow-simmered flavor profile, every detail was designed to reflect the quality consumers associate with both brands.

“For more than 90 years, HORMEL® Chili has been bringing convenient, flavorful meals to tables across the country,” said Brett Ament, brand manager at Hormel Foods. “Working with Omaha Steaks allowed us to approach every element of this recipe through a more premium lens, particularly the quality, texture and prominence of the beef.”

Unlike chili with a more blended consistency, HORMEL® Chili & OMAHA STEAKS® 100% Natural Beef Chili with Beans showcases its beef and vegetables, delivering a more substantial and satisfying eating experience.

“Our collaboration with HORMEL® Chili brings together two brands with a shared passion for creating exceptional food,” said Nate Rempe, president and CEO of Omaha Steaks. “We applied 109 years of experience with premium meats and a deep understanding of what creates an exceptional eating experience to help develop a chili that is rich, flavorful and worthy of both names.”

HORMEL® Chili & OMAHA STEAKS® 100% Natural Beef Chili with Beans is now available nationally at select stores. For more information, including recipes, nutritional details and where to buy, visit www.hormelchili.com .

FAQs

What makes the new HORMEL® Chili & OMAHA STEAKS® 100% Natural Beef Chili with Beans unique?

The new chili delivers a premium experience with high-quality meat, hearty ingredients and bold flavor, combining the expertise of HORMEL® Chili with the premium reputation of OMAHA STEAKS®.

Why did HORMEL® Chili partner with OMAHA STEAKS®?

The partnership brings together HORMEL® Chili’s expertise in flavorful, convenient meals with OMAHA STEAKS®’ century of experience with premium meats. Together, the brands co-developed a richer, more substantial chili experience with prominent pieces of beef, satisfying texture and bold flavor.

Does OMAHA STEAKS® provide the meat used in the chili?

No. HORMEL® Chili produces the product using high-quality, 100% natural beef. OMAHA STEAKS® collaborated in the development of the recipe, helping shape the product’s meat presentation, texture and overall eating experience.

What inspired this new chili offering?

Consumers increasingly want convenient meals that still feel substantial and deliver a higher-quality eating experience. HORMEL® Chili & OMAHA STEAKS® 100% Natural Beef Chili with Beans was created to offer a more elevated take on canned chili, with visible pieces of beef and vegetables, rich flavor and a competition-style texture.

How can consumers enjoy the new HORMEL® Chili & OMAHA STEAKS® 100% Natural Beef Chili with Beans?

It is ready to heat and enjoy on its own or can be finished with favorite toppings such as shredded cheese, sour cream, diced onions or green onions. It also works well over baked potatoes, hot dogs, fries or nachos.

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About the HORMEL® Chili Brand

America loves HORMEL® Chili. First established in 1935, the brand has become the country’s favorite canned-chili brand, with a wide range of products available to consumers at large. Whether enjoyed as a delectable dip for chips and/or French fries, or prepared as an easy and delicious weeknight meal, the tried-and-tested tastiness of HORMEL® Chili is a longstanding staple of American cuisine. For more information on all products under the HORMEL® Chili brand, including a wide array of recipes and where to buy, visit www.hormelchili.com.

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

About Omaha Steaks

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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August 11, 2026

Austin, Minn.

In its fifth year, the program recognizes student leaders working to build a more transparent, secure and sustainable food system.

• Collective Impact: The 2026 10 Under 20 Food Heroes have distrusted thousands of meals, expanded food access to hundreds of families, and mobilized thousands of volunteers.
• Celebrating Young Leaders: The Food Heroes will attend a ceremony held at the Hormel Foods headquarters in Austin, Minn., where they will meet with company executives and participate in a panel sharing their work contributing to a safer, more transparent and sustainable food system.
• The 2026 Cohort: The 2026 class of Food Heroes features students from across the U.S., with initiatives that include working towards food-access for those with allergies, sustainability work with fungi and addressing the growing need for food options in underserved communities.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its fifth cohort of 10 Under 20 Food Heroes. The award recognizes 10 young leaders developing solutions to fight food insecurity.

Collectively, this year’s Food Heroes have distributed thousands of meals, rescued tens of thousands of pounds of food, mobilized thousands of volunteers and built innovative programs that are expanding access to nutritious food, supporting underserved communities and driving change across the country.

“As a global food company, the work being done by our Food Heroes aligns closely with our mission to nourish people and strengthen communities,” said Henry Hsia, vice president of retail marketing at Hormel Foods. “This program is an investment in the future of our food system and the next generation of leaders who are helping reinforce it.”

The Food Heroes will travel to the Hormel Foods global headquarters in Austin, Minn. where honorees will participate in an award ceremony and panel discussion about their work. To help foster continued growth, each recipient will receive a $2,500 grant from the Hormel Foods Charitable Trust supporting their efforts to expand and continue to grow their leadership skills.

The 2026 cohort of 10 Under 20 Food Heroes includes:

Alex Cai,17, Houston, Texas.

As President of The Food Lounge and one of its founders, Alex Cai helps to lead the organization’s continued growth and impact in the fight against food insecurity. Since its founding in 2021, The Food Lounge has expanded to more than 10 chapters nationwide with over 500 active members, serving more than 83,000 hot meals, raising more than $110,000 for hunger relief efforts, and reaching more than 800,000 individuals. Under Alex’s leadership, the organization remains committed to empowering students through service, strengthening community partnerships, and creating meaningful opportunities to make a lasting difference in the lives of those facing hunger.

Amelia Cho, 17, McLean, Va.

Amelia Cho is the founder and executive director of Mindful Meals, a nonprofit organization that addresses the growing need for more nutritious food options in underserved communities. Mindful Meals works to expand access to fresh, nutritious food while promoting the connection between healthy living and stronger communities. Amelia’s leadership and advocacy have helped advance the organization’s mission through partnerships with local farmers, community organizations, and volunteers to increase nutrition awareness, support equitable food access, and inspire meaningful action toward a more food-secure future for all. Represented by Minkyu Choi at the award ceremony.

Jack Ford & Ranvir Gill, both 18, Philadelphia, Pa.

Jack Ford and Ranvir Gill are executive team members of Food4Philly, a nonprofit created to combat food insecurity through student-led action. Through fundraising initiatives, volunteer service projects, and community partnerships, they have built a mission-driven organization dedicated to expanding food access and creating meaningful impact. The organization also launched the Food4Philly Impact Fund, a student-managed investment portfolio designed to support the organization’s long-term growth and sustainability while advancing its commitment to fighting hunger. Represented by Anantvir Othie at the award ceremony.

Jared Saiontz, 19, Chappaqua, N.Y.

After recognizing that individuals with food allergies often lacked safe food options at local pantries, Jared founded Pack the Pantry to make food assistance more accessible and inclusive. Through his nonprofit, he developed allergen safety protocols, including multilingual educational materials identifying the top nine allergens, and has helped more than 630 food pantries adopt these practices. A passionate advocate for equity and inclusion, Jared continues to raise awareness and resources to ensure everyone has safe access to the food they need.

Jingam Park, 19, Brooklyn, N.Y.

Founded and led by Jingam Park, Voluntas Juvenium is committed to making community service accessible to students from all backgrounds while empowering the next generation of changemakers. Under his leadership, the organization has grown into a global network of more than 1,700 members across 17 countries, contributing over 20,000 volunteer hours to initiatives ranging from food banks to community outreach programs. Through Voluntas Juvenium, Jingam is helping cultivate leadership, empathy, and civic engagement among young people while creating meaningful impact in communities around the world.

Prakhya Koya, 18, Washington, D.C.

Prakhya Koya founded Leap4u with the belief that no one should go hungry and no food should go to waste. Leap4u has four programs: Zero Hunger, Zero Waste, Zero Poverty, and Mental Health all focused on providing food and transforming it into hope for communities, ensuring that every individual has access to a nutritious meal. To date, Prakhya has rescued over 30,000 pounds of food and provided more than 70,000 meals to people experiencing homelessness and poverty. Her work has also encouraged community engagement, accumulating over 2,000 volunteer hours.

Gloria Chi, 14, Bloomington, Ind.

Fungi For Future was founded by Gloria Chi as an innovative sustainability initiative that transforms used coffee grounds from local cafés in Bloomington, Ind, into mushroom-growing substrate, creating fresh, locally grown food for communities in need while reducing waste. With an initial $1,500 investment, she has repurposed more than 122 pounds of coffee grounds, equivalent to nearly 3,900 cups of coffee, advancing sustainable food production and responsible consumption. Gloria also amplifies climate solutions as the creator and host of Grow With Glo, a podcast featured on WFHB Community Radio that reaches more than 15,000 listeners and highlights the work of environmental innovators and social entrepreneurs driving positive change.

Shruti Shivakumar, 18, Edison, N.J.

After personally experiencing food insecurity, Shruti Shivakumar founded Nourish America, a nonprofit dedicated to ensuring every child has access not just to food, but to healthy, nutritious, and allergy-safe meals tailored to their needs. Through a growing nationwide network of partner organizations, the nonprofit addresses the lasting impacts of economic hardship, inflation, and food insecurity by expanding access to high-quality food for vulnerable families. Driven by a commitment to helping children and communities thrive, Nourish America focuses on creating sustainable solutions that deliver both immediate relief and long-term impact.

Nael Lewis-Shakur, 15, Bel Air, Md.

As a leader on We Cancerve’s all-youth board, Nael has expanded the organization’s efforts to provide nutritious food and support to vulnerable children. He spearheaded the largest Snack Attack drive in the program’s history, mobilizing more than 120 volunteers to pack over 600 snack bags for children living in temporary shelters. He also enhanced We Cancerve’s Eggstra Special Easter initiative by ensuring more than 500 children received healthy food options alongside traditional holiday treats and educational materials. Through his leadership, Nael continues to promote nutrition, service, and community engagement while helping meet the needs of children and families facing hardship.

Rohin Menon, 19, Plainfield, Ill.

What started as a family co-founded nonprofit, The Birthday Giving Program brings joy, dignity, and recognition to children, adults, seniors, and veterans facing adversity. Serving more than 150 nonprofit organizations across 41 states, Washington, D.C., and Sierra Leone, the program partners with homeless shelters, food pantries, churches, nursing homes, hospitals, and other community agencies to provide birthday celebration bags and gifts for individuals who might otherwise go uncelebrated. By filling a critical gap left by limited nonprofit budgets, The Birthday Giving Program ensures that thousands of people each year feel valued, remembered, and celebrated on their special day.

Explore the inspiring stories of the 2026 Hormel Foods 10 Under 20 Food Heroes and learn more about the program at 10under20foodheroes.com .

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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August 3, 2026

Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company’s third quarter financial results.

The Company will issue its earnings release before the markets open on Thursday, Aug. 27, 2026, and will host a conference call at 8 a.m. CT (9 a.m. ET).

The live webcast, replay, and other information related to the fiscal 2026 third quarter earnings conference call will be available on the Hormel Foods investor website, investor.hormelfoods.com .

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Press Release 9.1.2026

Events

Hormel Foods Corporation to Participate in the 2026 Barclays Global Consumer Staples Conference Jeff Ettinger and John Ghingo will participate in a discussion at the Barclays Global Consumer Staples Conference.

Updates 6.12.2026

Events

Hormel Foods Showcases Portfolio at IDDBA Show Hormel Foods made a strong impact at this year’s International Dairy Deli Bakery Association (IDDBA) convention in Orlando, Florida

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

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July 31, 2026

Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the successful completion of the sale of its Brazilian operations, operated under the CERATTI® brand, to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market.

The transaction follows the definitive agreement announced on June 29, 2026, and reflects Hormel Foods’ ongoing efforts to simplify and streamline its portfolio while focusing its international strategy on markets with the strongest long-term growth opportunities.

Financial terms of the transaction were not disclosed. As previously communicated, Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results. Additional information will be shared during the company’s third-quarter fiscal 2026 earnings call.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

Forward-Looking Statements

This news release contains forward-looking statements, which are based on the current assumptions and expectations of Hormel Foods Corporation (“Hormel”). These statements are typically accompanied by the words “expect,” “will,” “would,” or similar words or expressions. The principal forward-looking statements in this news release include statements regarding Hormel’s anticipated sale of its Ceratti business in Brazil, international growth opportunities, and the expected impact of the transaction on Hormel’s fiscal 2026 financial results.

All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although Hormel believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors which could cause Hormel’s actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks related to acquisitions, joint ventures, equity investments, and divestitures; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that Hormel may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and Hormel’s recent corporate restructuring plan; risk of unfavorable changes in Hormel’s relationships with third parties; risk of Hormel’s inability to protect information technology (IT) systems against, or effectively respond to, cyber-attacks, security breaches or other IT interruptions; labor relations and labor availability risks; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for Hormel’s products; risks related to Hormel’s ability to respond to changing consumer preferences; damage to Hormel’s reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of Hormel’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at www.hormelfoods.com in the “Investors” section. Though Hormel has attempted to list comprehensively these important cautionary risk factors, Hormel cautions that other factors may in the future prove to be important in affecting Hormel’s business or results of operations. Forward-looking statements speak only as of the date they are made, and Hormel does not undertake any obligation to update any forward-looking statement except as otherwise required by law.

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August 11, 2026

Austin, Minn.

Premium seasonal flavors designed for fall entertaining and everyday cravings.

The PLANTERS® brand is launching a fall collection celebrating seasonal snacking with limited-time flavors designed to satisfy autumn cravings. The lineup features the highly anticipated return of Apple Cider Donut Cashews and an exciting new addition, Maple Brown Sugar Almonds, both crafted to capture the nostalgia and indulgence of the season.

“Fall is known for its iconic flavors, making it a powerful moment for premium snacking that captures the nostalgia and comfort of the season,” said Patrick Horbas, marketing director of the PLANTERS® brand. “With new Maple Brown Sugar Almonds, the return of fan favorite Apple Cider Donut Cashews and the expansion of our Special Reserve collection, these PLANTERS® products are the go-to premium protein choice for fall.”

PLANTERS® brand Fall 2026 Collection:

• Apple Cider Donut Cashews (13 oz.): Returning by popular demand, these kettle-roasted whole cashews combine apple and cinnamon flavors with the creamy texture and natural nutty taste the PLANTERS® brand is known for to deliver the warm, nostalgic taste of fall. Available now on Amazon and at major retailers including Kroger, select Albertsons and Safeway stores, Publix and Ahold starting in mid-August.
• Maple Brown Sugar Almonds (15.25 oz.): A new seasonal flavor capturing the essence of fall. These roasted almonds feature maple brown sugar notes and a sweet, crunchy texture perfect for cozy nights, seasonal gatherings and festive entertaining. Available now on Amazon and at major retailers including Kroger, select Albertsons and Safeway stores, Publix and Ahold starting in mid-August

Also new this season: Special Reserve Peanuts (34 oz.)

• The PLANTERS® brand is expanding its premium Special Reserve line with a larger 34-ounce shareable size, perfect for entertaining. Sourced from a single Virginia grower and produced through small-batch roasting and hand-salting, this limited-quantity offering debuts exclusively on Sam’s Club e-commerce in early October. The 13 oz. Special Reserve also returns for its third consecutive year on Amazon beginning August 18.

“PLANTERS® Special Reserve continues to redefine expectations for what a peanut can be, delivering a premium experience that has resonated with consumers year after year, and we’re thrilled to bring it back for a third season,” said Gillian Lozak, associate brand manager of the PLANTERS® brand.

Fall deserves more than ordinary snacking. The PLANTERS® brand fall lineup delivers the season’s truest flavors, paired with an unmatched crunch. The fall collection rolls out across major retailers throughout August and September. All offerings are available for a limited time only.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

About the PLANTERS® Brand

Founded in 1906 in Wilkes-Barre, Pa., the Planters® brand has been the ultimate snacking solution for consumers for over a century with a vast portfolio of peanuts, snackable nut mixes, seeds and so much more. No matter what you’re craving — salted, unsalted, dry roasted, honey roasted, whole nuts, half nuts, peanuts, mixed nuts — Planters® products have you covered. The Planters® brand, which has been owned by Hormel Foods Corporation (NYSE: HRL) since 2021, is also home to the beloved Mr. Peanut® character, who is currently touring the salty streets of America in his world-famous NUTmobile. Fans of the Planters® brand can request the world’s largest peanut on wheels by submitting a request at plantersnutmobile.com. For more information on all Planters® products, visit planters.com.

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September 10, 2026

Austin, Minn.

Purple. Gold. SPAM® Brand . A New Minnesota Game Day Tradition Kicks Off at U.S. Bank Stadium.

Vikings fans have a delicious new reason to raise their voices and SKOL this season. The SPAM® brand today announced a new partnership with the Minnesota Vikings , bringing the SPAM® Dog to U.S. Bank Stadium as the stadium’s Official Dog for the 2026-27 season.

On the Menu

Leading the menu lineup is the SKOL Crusher, a Vikings-inspired SPAM® Dog topped with hot honey mustard, purple slaw and crispy potato sticks. The specialty creation kicks off a season-long menu of SPAM® Dog offerings, including a future Hawaiian-inspired item and limited-time varieties inspired by visiting teams.

“Football and food have always gone hand in hand, and we’re excited to bring the SPAM® Dog to one of the most passionate fan bases in the NFL,” said Haley Eggum, brand manager for the SPAM® brand . “The SKOL Crusher is just the opening kickoff. Throughout the season, fans can look forward to SPAM® Dog creations inspired by teams traveling to Minneapolis, giving them a new way to experience every matchup. It’s another example of how we’re taking SPAM® products out of the can and into fun, cultural experiences that bring people together.”

Where to Enjoy

In addition to enjoying the SPAM® Dog inside the stadium, fans can visit the SPAM® Tailgate in The Commons outside the stadium before each home game beginning Oct. 4. The interactive experience will feature SPAM® Dog samples, prizes and tailgate games before kickoff.

“Our goal is always to make the fan experience as memorable as possible, and partnering with a fellow Minnesota brand helps us do exactly that,” said J.P. Paul, vice president of stadium operations for the Vikings. “From offering the SPAM® Dog in the stadium to the pregame tailgate activation, we’re excited to give fans something uniquely Minnesotan to enjoy throughout the season.”

Fans can find the SKOL Crusher and a rotating lineup of specialty SPAM® Dog creations at Section 341 and other locations throughout the stadium during Vikings home games.

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About the SPAM® Brand

This revolutionary product won over the hearts of soldiers, world leaders, celebrities, chefs, kids and parents. Future generations continue to enjoy it as a versatile, high-quality and great-tasting mealtime favorite. The whole world can’t get enough of the iconic taste and the effortless creative potential contained within this iconic blue can. Fans of the brand can purchase SPAM® products and browse their favorite SPAM® merchandise at shop.spam.com. For more information on the SPAM® brand, including product information, recipes and where to buy, visit spam.com

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

About The Vikings

Minnesota Vikings Football LLC is headquartered in Eagan, Minnesota. The Minnesota Vikings are one of the National Football League’s most established and recognized franchises. The team was founded in 1961 and branded the “Vikings” because it represented both the will to succeed and the proud Nordic tradition of the northern Midwest. With the leadership of the Wilf Family, who purchased the franchise in 2005, the team has undergone a major revitalization and rebranding, winning both on and off the field. Under their ownership, the team has captured the NFC North title four times, and advanced to NFC Championship games after the 2009 and 2017 seasons.

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Company Delivers Sixth Consecutive Quarter of Organic Top-Line Growth, GAAP EPS of $0.29 and Double-Digit Growth in Adjusted EPS1

AUSTIN, Minn. (May 28, 2026) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2026, which ended April 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted.

EXECUTIVE SUMMARY — SECOND QUARTER

•Net sales of $2.97 billion; organic net sales1 up 3%

•Operating income of $217 million; adjusted operating income1 of $294 million

•Operating margin of 7.3%; adjusted operating margin1 of 9.9%

•Earnings before income taxes of $206 million; adjusted earnings before income taxes1 of $283 million

•Diluted earnings per share of $0.29; adjusted diluted earnings per share1 of $0.40

•Cash flow from operations of $179 million

EXECUTIVE COMMENTARY

“We delivered strong second quarter results marked by profitable growth and improved performance,” said Jeff Ettinger, interim chief executive officer.

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August 27, 2026

Austin, Minn.

Company Raises and Narrows Adjusted EPS¹ Outlook Following Solid Third Quarter and Strong Year-to-Date Performance

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the third quarter of fiscal 2026, which ended July 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted.

EXECUTIVE SUMMARY — THIRD QUARTER

• Net sales of $2.96 billion; organic net sales1 down 2%
• Operating income of $111 million; adjusted operating income1 of $266 million
• Operating margin of 3.7%; adjusted operating margin1 of 9.0%
• Earnings before income taxes of $103 million; adjusted earnings before income taxes1 of $258 million
• Diluted earnings per share of $0.11; adjusted diluted earnings per share1 of $0.37
• Cash flow from operations of $241 million

EXECUTIVE COMMENTARY

“We delivered solid third quarter results, growing our adjusted earnings and continuing to advance our fiscal 2026 objectives,” said Jeff Ettinger, interim chief executive officer. “With our strong year-to-date performance and continued opportunities ahead, we are raising and narrowing our adjusted earnings outlook for fiscal 2026 and remain confident in delivering adjusted earnings growth for the year consistent with, or above, our long-term algorithm.”

“We continued to make progress against our strategic priorities during the quarter,” said John Ghingo, president and chief executive officer-elect. “While net sales declined, the results reflected the impacts of portfolio-shaping actions, lower commodity-based pricing in portions of the business and a consumer environment that remains under pressure. At the same time, several of our Retail priority brands delivered growth, and Foodservice once again outperformed industry trends, supported by the strength of our solutions-based offerings and operator partnerships. As we continue to enhance our capabilities and sharpen our focus, we remain committed to disciplined execution and positioning the company for long-term success.”

FULL YEAR FISCAL 2026 GUIDANCE

For fiscal 2026, the Company:

• Expects net sales to be in the range of $12.1 billion to $12.2 billion, reflecting organic net sales1 growth of 1% to 2%
• Updates operating income guidance to be in the range of $0.83 billion to $0.87 billion, which includes the estimated loss related to the Brazil divestiture, a non-cash impairment charge related to a minority investment in Indonesia, and a litigation settlement
• Raises adjusted operating income1 guidance to be in the range of $1.08 billion to $1.12 billion, reflecting growth of 6% to 10%
• Updates diluted earnings per share guidance to be in the range of $1.06 to $1.12
• Raises adjusted diluted earnings per share1 guidance to be in the range of $1.45 to $1.51, reflecting growth of 6% to 10%

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PORTFOLIO SHAPING

During the third quarter of fiscal 2026, the Company announced a definitive agreement to sell its Brazil operations, operated under the CERATTI® brand, and classified the business as held for sale. The divestiture reflects the Company’s ongoing efforts to simplify and streamline its portfolio and focus its international strategy on markets with the strongest long-term growth opportunities.

The transaction successfully closed in the early part of the fourth quarter of fiscal 2026. The expected impacts of the divestiture are reflected in the Company’s updated fiscal 2026 guidance ranges. Beginning in the fourth quarter of fiscal 2026, the impact of the divestiture will be excluded from year-over-year comparisons in the Company’s non-GAAP organic volume¹ and organic net sales¹ metrics.

SEGMENT HIGHLIGHTS – THIRD QUARTER

Retail

• Volume down 9%; organic volume1 down 9%
• Net sales down 4%; organic net sales1 down 3%
• Segment profit down 4%

Organic net sales1 decreased in the third quarter of fiscal 2026, as declines in commodity turkey and private label snack nuts were partially offset by strong performance in value-added turkey offerings, contract manufacturing and PLANTERS® snack nuts. Additional priority brands that delivered solid growth during the quarter include the SPAM® family of products, APPLEGATE® natural and organic meats, and HORMEL® chili. Segment profit decreased for the third quarter of fiscal 2026, as lower net sales and higher logistics expenses were partially offset by lower selling, general and administrative expenses.

Foodservice

• Volume down 1%; organic volume1 down 1%
• Net sales up 2%; organic net sales1 up 2%
• Segment profit up 3%

The third quarter of fiscal 2026 marked the 12th consecutive quarter of organic net sales1 growth for the Foodservice segment. Organic net sales¹ growth was broad-based despite the impact of lower commodity-based pricing in portions of the portfolio. Growth was driven by multiple product groups and categories, led by significant contributions from premium prepared proteins, branded pepperoni and JENNIE-O® turkey. Additional branded products, including AUSTIN BLUES® smoked meats, HORMEL® NATURAL CHOICE® meats and HORMEL® FIRE BRAISED™ meats, also delivered strong net sales results. Segment profit increased for the third quarter of fiscal 2026, as higher net sales and favorable pork input costs were partially offset by higher logistics and selling, general and administrative expenses.

International

• Volume down 11%; organic volume1 down 11%
• Net sales down 5%; organic net sales1 down 4%
• Segment profit down 254%; adjusted segment profit1 flat

For the International segment, organic net sales¹ declined in the third quarter of fiscal 2026. While branded export demand remained resilient during the quarter, the recognition of certain SPAM® export sales was adversely impacted due to a one-time legal-entity transition. Segment profit was significantly impacted by a non-cash impairment charge. Adjusted segment profit1 was comparable to the prior year, as minority investment performance offset weaker results in Brazil.

ADDITIONAL FINANCIAL DETAILS – THIRD QUARTER FISCAL 2026

Income Statement

• Operating margin and adjusted operating margin1 were 3.7% and 9.0%, respectively, compared to 7.9% and 8.4%, respectively, in the prior year.
• Selling, general and administrative expenses as a percent of net sales and adjusted selling, general and administrative expenses as a percent of net sales1 were 10.9% and 7.3%, respectively, compared to 8.5% and 8.1%, respectively, in the prior year.
• Advertising investments were $34 million, compared to $41 million last year.
• Significant discrete pre-tax items included: a loss of $56 million related to the Brazil divestiture, a non-cash impairment charge related to a minority investment in Indonesia of $48 million and a litigation settlement of $38 million.
• The effective tax rate was 42.3%, compared to 22.3% last year, and was significantly impacted by one-time items.

Cash Flow Statement

• Cash flow from operations was $241 million, an increase of 54% compared to the prior year.
• Capital expenditures were $68 million, compared to $72 million last year. The largest projects in the third quarter of fiscal 2026 were related to infrastructure enhancements and investments in data and technology.
• Depreciation and amortization expense was $66 million, compared to $65 million last year.
• The Company returned $161 million to stockholders during the quarter through dividends.

Balance Sheet

• The Company remained in a strong financial position at quarter end, with ample liquidity and a conservative level of debt.
• Cash on hand, excluding assets held for sale, was $840 million at quarter end, an increase of $169 million from the end of fiscal 2025.
• Inventories were $1.8 billion at quarter end, an increase of $54 million from the end of fiscal 2025.

PRESENTATION

A conference call will be webcast at 8 a.m. CT on Aug. 27, 2026. Access is available at hormelfoods.com by clicking on “Investors.” The call will also be available via telephone by dialing 833-461-5787 (toll free) or 585-542-9983 (international) and providing the conference ID 915 330 197. An audio replay is available at hormelfoods.com. The webcast replay will be available at noon CT, Aug. 27, 2026, and will remain on the website for one year.

Click here to download full release.

END NOTES

1 Non-GAAP measure. See Appendix: Non-GAAP Measures to this news release for more information.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which are based on the Company’s current assumptions and expectations. These statements are typically accompanied by the words “aim,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “seek,” “target,” “will,” “would,” or similar words or expressions. The principal forward-looking statements in this news release include statements regarding the Company’s fiscal 2026 guidance and future financial and operational performance.

All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although the Company believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors that could cause the Company’s actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks related to acquisitions, joint ventures, equity investments, and divestitures; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that the Company may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and the Company’s recent corporate restructuring plan; risk of unfavorable changes in the Company’s relationships with third parties; risk of the Company’s inability to protect information technology (IT) systems against, or effectively respond to, cyberattacks, security breaches or other IT interruptions; labor relations and labor availability risks; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company’s products; risks related to the Company’s ability to respond to changing consumer preferences; damage to the Company’s reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A – Risk Factors of the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at hormelfoods.com in the “Investors” section. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company cautions that other factors may in the future prove to be important in affecting the Company’s business or results of operations. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement except as otherwise required by law.

Note: Due to rounding, numbers presented throughout this press release may not sum precisely to the totals provided, and percentages may not precisely reflect the absolute figures.

Reclassifications: Certain prior year amounts have been reclassified to conform to the current year presentation.

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Company Achieves Net Sales of $3 billion and Organic Net Sales1 Growth of 2%

Company Reports Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34

Updates GAAP Guidance; Reiterates Adjusted Full Year Fiscal 2026 Guidance

AUSTIN, Minn. (Feb. 26, 2026) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2026, which ended January 25, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted.

EXECUTIVE SUMMARY — FIRST QUARTER

•Net sales of $3.03 billion; organic net sales1 up 2%

•Operating income of $244 million; adjusted operating income1 of $247 million

•Operating margin of 8.0%; adjusted operating margin1 of 8.2%

•Earnings before income taxes of $234 million; adjusted earnings before income taxes1 of $238 million

•Diluted earnings per share of $0.33; adjusted diluted earnings per share1 of $0.34

•Cash flow from operations of $349 million

EXECUTIVE COMMENTARY

“We delivered solid first quarter fiscal 2026 results, with adjusted diluted earnings per share1 of $0.34, supported by our fifth consecutive quarter of organic net sales1 growth," said Jeff Ettinger,

Expects Q1 Net Sales of $3 billion; Organic Net Sales1 Growth of 2%

Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34

Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey Business

Presenting at the 2026 Consumer Analyst Group of New York (CAGNY) Conference

AUSTIN, Minn. (Feb. 17, 2026) — Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m. ET, and reaffirmed its expected organic net sales1 and adjusted diluted earnings per share1 guidance for fiscal 2026.

The Company separately announced entry into a definitive agreement to sell its whole-bird turkey business, reflecting its ongoing portfolio shaping efforts. The Company will release its first quarter fiscal 2026 financial results on Thursday, Feb. 26, 2026.

Preliminary First Quarter Fiscal 2026 Results

Hormel Foods expects first quarter fiscal 2026 net sales of approximately $3 billion, reflecting 2% organic net sales1 growth compared to the first quarter of fiscal 2025.

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September 23, 2026

Austin, Minn.

Funding supports more than 40 nonprofit organizations addressing food insecurity in communities across the United States.

• Local Impact: Hormel Foods U.S. production facilities donated a combined $332,000 for Hunger Action Month to support more than 40 local hunger-relief organizations across its U.S. plant network.
• Continued National Support to Fight Hunger: Since 2020, the company has provided more than $53.6 million in cash and product donations to support food security efforts.
• Empowering Production Facilities to Make a Difference: For more than a decade, the Hormel Foods Charitable Trust has provided funding to each U.S. production facility to help address hunger in local communities.

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the distribution of $332,000 in Hunger Action Month cash donations from its production facilities to more than 40 hunger-relief organizations across the U.S., supporting efforts to address food insecurity in local communities where the company operates.

As food banks and hunger-relief organizations continue to face elevated demand across the U.S., Hunger Action Month serves as a way to aid communities nationwide, raise awareness and support local efforts to ensure access to nutritious food. For more than a decade, the Hormel Foods Charitable Trust has provided funding to U.S. production facilities, allowing local teams to support hunger-relief organizations in their own communities. This year, each facility received $10,000 to help address food insecurity in their local communities.

“Food insecurity affects families in every region of the country, and local organizations are often on the front lines of meeting that need,” said Will Bonifant, chief supply chain officer at Hormel Foods. “As a global branded food company, we’re proud to support organizations making a difference in the communities where our team members live and work.”

Organizations receiving support include food pantries, community meal programs and hunger-relief nonprofits in more than 40 communities nationwide including Second Harvest Food Pantry of Beloit, the Knoxville Senior Center and Foodbank of Somerset County in New Jersey.

“Hunger affects every community, including our own,” said Joe Muzik, Austin, Minnesota plant manager. “Our team members are proud to support local organizations working to ensure families have reliable access to food. Investing in our neighbors is one of the most meaningful ways we can strengthen the community we call home.”

Hormel Foods brands also support hunger-relief efforts throughout the year by partnering with regional grocery partners for an annual donation of CURE® 81 hams and leading national nonprofit organizations, including Convoy of Hope® and Feeding America®, to provide hunger relief across the country and during natural disasters. Since 2020, Hormel Foods has contributed more than $53.6 million in cash and product donations to support food security efforts.

Learn more about how Hormel Foods strengthens communities across the globe and its Good Feeds Us All Global Impact Framework through the company’s annual global impact report .

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America’s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World’s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com .

Explore Our Brands

Helpful Links

• Media Resources

• Careers

• Global Impact Report

• Investors

Support

• Accessibility

• Allergen Information

• Contact Us

• FAQ

• Find a Product

Policies

• Promotions

• Terms & Conditions

• Privacy Policy

• Your Privacy Choices

• California Transparency in Supply Chains Act of 2010

• 1095-C Notice of Availability

• Hormel Foods 45-Day Satisfaction Guarantee

• Code of Ethical Business Conduct

Communities

• Alumni

• Suppliers

© 2026 Hormel Foods Corporation. All Rights Reserved.

Our Sites

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• Corporate hormelfoods.com

• Foodservice hormelfoodservice.com

• Foodservice Intl. hormelinternationalfoodservice.com

• HORMEL® Brand hormel.com

• JENNIE-O® Brand jennieo.com

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