Hormel Foods Corp
hormelfoods.comWhat Do They Do?
Processes and sells refrigerated meat and prepared foods to retailers, foodservice distributors and operators, and international customers.
10-K for FY2025, filed Dec 5, 2025Perishable includes fresh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, guacamole, and other items that require…View ↗
The Retail segment consists primarily of the processing, marketing, and sale of food products sold predominantly in retail channels…View ↗
The Foodservice segment consists primarily of the processing, marketing, and sale of food products to distributors and operators across a…View ↗
The International segment processes, markets, and sells the Company's products through retail and foodservice channels internationally.…View ↗
How Do They Make Money?
Customers order food products and pay on terms that vary by sales channel; the sale is completed when customers receive or pick up the products.
10-K for FY2025, filed Dec 5, 2025
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10-K for FY2025, filed Dec 5, 2025
FY2025 revenue by product or service ↗
$12.1B
-
10-K for FY2025, filed Dec 5, 2025
$12.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Perishable
Sold outright
10-K for FY2025, filed Dec 5, 2025 |
73%
FY2022: 70%
|
Perishable, FY2025
$8.8B Sources
|
Sold outright |
|
Shelf-stable
Sold outright
10-K for FY2025, filed Dec 5, 2025 |
27%
FY2022: 30%
|
Shelf-stable, FY2025
$3.3B Sources
|
Sold outright |
Who Are Their Customers?
U.S. retailers, foodservice distributors and operators buy food products; sales are handled by company sales staff as well as independent brokers and distributors. International sales go through retail and foodservice channels.
10-K for FY2025, filed Dec 5, 2025The Retail segment consists primarily of the processing, marketing, and sale of food products sold predominantly in retail channels…View ↗
The Foodservice segment consists primarily of the processing, marketing, and sale of food products to distributors and operators across a…View ↗
The International segment processes, markets, and sells the Company's products through retail and foodservice channels internationally.…View ↗
The Company sells its products in all 50 U.S. states. The Company’s products are sold through its sales personnel, who operate in assigned…View ↗
The Company has a global presence within several major international markets, including Australia, Brazil, Canada, China, England…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.
10-K for FY2025, filed Dec 5, 2025
$718.6MView ↗
10-K for FY2025, filed Dec 5, 2025
$478.2MView ↗
10-K for FY2025, filed Dec 5, 2025
$534.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 27, 2026
$59.6MView ↗
- ▼ −68%
- vs $183.7M in Q3 FY2025
10-Q for Q3 FY2026, filed Aug 27, 2026
Open tableView ↗
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Aug 27, 2026
Hormel completes Brazil sale and revises its fiscal 2026 outlook
The sale closed in the fourth quarter; the company lowered net sales and diluted earnings outlook and raised adjusted operating income and adjusted earnings outlook.
Sources
8-K, filed Aug 27, 2026
During the third quarter of fiscal 2026, the Company announced a definitive agreement to sell its Brazil operations, operated under the…View ↗
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Aug 24, 2026
Hormel appoints Ash Bhumbla chief financial officer
His appointment takes effect September 8, 2026, and Paul Kuehneman's interim CFO service concludes.
Sources
8-K, filed Aug 24, 2026
On August 24, 2026, Hormel Foods Corporation (the “Company”) announced the appointment of Ash Bhumbla as Executive Vice President and Chief…View ↗
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Jul 28, 2026
John Ghingo appointed president and chief executive officer
Ghingo's appointment takes effect October 26, 2026; Jeffrey Ettinger's interim service concludes October 25, 2026.
Sources
8-K, filed Jul 28, 2026
On July 27, 2026, the Board of Directors (the “Board”) of Hormel Foods Corporation (the “Company”) appointed John F. Ghingo, the Company’s…View ↗
Flat. Revenue was $12.1B in FY2025, about the same as the $11.4B of FY2021.
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