Hormel Foods Corp (NYSE:HRL) stock fell on Thursday after the company reported mixed first-quarter FY26 results.
Earnings Snapshot
The company reported adjusted earnings per share of 34 cents, beating the analyst consensus estimate of 32 cents.
However, sales of $3.03 billion missed the Street view of $3.07 billion.
The company reported operating income of $244 million and adjusted operating income of $247 million, resulting in an operating margin of 8% and an adjusted operating margin of 8.2%.
Cash flow from operations totaled $349 million in the quarter.
Inventories at quarter-end were $1.6 billion, and cash on hand stood at $868 million.
Segment Performance
Retail volume declined 6% and net sales fell 2% in the quarter, both of which continued to be impacted by strategic exit from select non-core private label snack nut items and weaknesses in branded and …