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Segments

By segment

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Retail$131.36M-3.8%
Foodservice$48.92M+2.8%
International$23.69M+2.2%

Other financials

Income statement

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Revenue$3.0B+2.5%
Gross profit$518.5M+7.0%
Operating income$217.1M-12.6%
Net income$157.5M-12.5%
EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%
Total debt$2.9B-0.2%
Total equity$7.9B-1.0%
Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%
CapEx$82.2M+9.4%
Free cash flow$96.8M

Valuation

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Market cap$13.88B+11.2%
Enterprise value$15.93B
P/E19.8×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
Net margin6.3%-0.3pp
FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Hormel Foods’s 10-Q, filed May 28, 2026.

Filed
May 28, 2026, 2:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000048465-26-000026
In thousands, except per share amountsQuarter Ended / April 26, 2026Quarter Ended / April 27, 2025Six Months Ended / April 26, 2026Six Months Ended / April 27, 2025
Net Sales$2,972,600$2,898,810$5,999,917$5,887,623
Cost of Products Sold2,454,0932,414,3775,011,8354,927,957
Gross Profit518,507484,433988,082959,666
Selling, General, and Administrative318,624251,432560,322514,445
Equity in Earnings of Affiliates17,22915,35033,04931,461
Operating Income217,112248,352460,809476,682
Interest Income6,4796,17613,00713,719
Interest Expense19,82219,51639,55038,977

Item 1. FINANCIAL STATEMENTS

FAQ

What is Hormel Foods's SG&A?
Hormel Foods (HRL) reported SG&A of $318.62M in Q1 2026.
How has Hormel Foods's SG&A changed year-over-year?
Hormel Foods's SG&A increased by 26.7% year-over-year, from $251.43M to $318.62M.
What is the long-term trend for Hormel Foods's SG&A?
Over 4 years (2021 to 2025), Hormel Foods's SG&A has grown at a 4.0% compound annual growth rate (CAGR), from $853.07M to $996.62M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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