Hormel Foods HRL Foodservice — Goodwill

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FAQ

What is Hormel Foods's foodservice — goodwill?

Hormel Foods (HRL) reported foodservice — goodwill of $1.75B in Q1 2026.

How has Hormel Foods's foodservice — goodwill changed year-over-year?

Hormel Foods's foodservice — goodwill decreased by 0.1% year-over-year, from $1.75B to $1.75B.

What is the long-term trend for Hormel Foods's foodservice — goodwill?

Over 2 years (2023 to 2025), Hormel Foods's foodservice — goodwill has grown at a -0.1% compound annual growth rate (CAGR), from $7B to $6.99B.

What does foodservice — goodwill mean?

Represents the intangible asset value recorded when the Foodservice segment acquired other businesses for a price exceeding the fair market value of their net identifiable assets. This reflects the premium paid for brand reputation, customer relationships, and expected synergies within the professional food distribution channel.