Hormel Stock Pops Before the Bell After a Protein-Fueled Earnings Surprise
Hormel Foods shares rose 6.8% in premarket trading after beating quarterly sales and profit estimates, reporting $2.97 billion in net sales and 40 cents adjusted earnings per share. Organic net sales increased 3%, while segment profit climbed in retail, foodservice, and international divisions. The company reaffirmed its 2026 sales and adjusted EPS outlooks but lowered its GAAP EPS view due to a turkey business sale. Retail volume dropped 2%.