Description

Hormel Foods Is Not Just A SPAM Story Anymore — Here’s Why Protein Matters!

Hormel Foods Corporation reported its fiscal 2026 second quarter results marked by continued organic net sales growth and improved profitability, despite challenges in the external environment. The company achieved its sixth consecutive quarter of organic sales growth, driven by strength across all three segments: Foodservice, International, and Retail. Foodservice recorded a 7% increase in organic net sales, supported by strong brand performance and market-based pricing, resulting in an 11% rise in segment profit. The International segment saw a 5% organic sales increase and a 20% rise in segment profit, fueled by solid demand in China and growth in branded exports such as SPAM. Retail experienced 1% organic sales growth, margin expansion, and 13% segment profit growth, with particularly strong performance in value-added poultry and growth of priority brands like Jennie-O and Applegate.