Hormel beats Q2 estimates on strong protein demand
Shares jump 8% as annual targets are reaffirmed
28 May 2026
1 minute read
By: Hormel Foods beat second-quarter sales and profit estimates on Thursday, helped by strong demand for its chicken and turkey products, reported Reuters.
Shares of the company, which reiterated its annual targets, rose about 8% in premarket trading.
Persistent inflation and tariff-related volatility have led US shoppers to stock up on pantry staples to cook meals at home rather than spend on expensive dine-outs, boosting sales for Hormel's products.
With its range of protein-rich meats and snacks, the company has also benefited from growing demand for high-protein foods, driven largely by Gen Z's preference for convenient, protein-heavy options.
Hormel posted a revenue of $2.97 billion for the quarter ended April 26, above analysts' average estimate of $2.95 billion, according to data compiled by LSEG.
Its adjusted net income for the quarter stood at 40 cents per share, beating expectations of 36 cents per share.
