Hormel Foods Corporation · NYSE:HRL
Hormel Foods — Q3 2025 Earnings Presentation
17 slides from Hormel Foods's earnings presentation, Aug 28, 2025
Slide 1: Third Quarter Fiscal 2025
THIRD QUARTER FISCAL 2025 August 28, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking” information within the meaning of the federal securities laws. The “forward-looking” information may include statements concerning the Company’s outlook for the future as well as other statements of beliefs, future plans, strate
Slide 3: Third Quarter Key Messages
THIRD QUARTER KEY MESSAGES • Company delivered strong top-line growth, supported by each segment • Bottom-line results pressured by steep rise in commodity input costs • Leadership aligned on clear mission of profitable growth 3
Slide 4: Advancing Our Priorities in Fiscal 2025
Strategic Priorities: Drive focus & growth in our Retail business • Jennie-O® lean ground turkey delivered another impressive quarter of results, fueled by sustained consumer demand and expanded distribution – capturing incremental dollar share1 • To elevate consumer and customer relevance for the S
Slide 5: Strong, Steady Dividends Driving Shareholder Value
STRONG, STEADY DIVIDENDS DRIVING SHAREHOLDER VALUE 388th consecutive quarterly dividend paid in August 5% 5 yr CAGR 59 97 Dividend Fiscal Years *All dividend figures above are presented on a per share basis. Fiscal year 2021 included 53 weeks. Fiscal 2025 dividend rate to-date implies a $1.16 full y
Slide 6: Retail
Segment Highlights • Net sales growth was wide ranging in the third quarter. Meaningful volume and net sales RETAIL contributions came from the turkey portfolio, Planters® snack nuts and the SPAM® brand. • Other brands which grew volume and net sales in the quarter include Wholly® guacamole, Hormel®
Slide 7: Foodservice
Segment Highlights • Organic volume1 and organic net sales1 growth were broad-based with significant contributions FOODSERVICE from the customized solutions business, Planters® snack nuts and the Jennie-O® turkey portfolio. • Other branded products, such as Hormel® pepperoni, Hormel® Fire Braised me
Slide 8: International
Segment Highlights • The International segment achieved strong volume and net sales results in the third INTERNATIONAL quarter. • The results were driven by growth across the China market and robust exports of SPAM® luncheon meat. FY25 Q3 • International segment profit decreased as International Seg
Slide 9: Adjusted Diluted Earnings Per Share: Fiscal Second Half Expectations
Fiscal Second Half Expectations Year-over-Year ADJUSTED DILUTED 1 EARNINGS PER SHARE • Top-line benefits from the turkey portfolio, the Planters® brand, and our leading positions in marketplace • Commodity inflation increased significantly year-over-year and beyond our expectations • Pricing actions
Slide 10: Fiscal 2025 Outlook
FISCAL 2025 OUTLOOK Company narrows net sales guidance; revises earnings expectations Fiscal 2025 Outlook Commentary Revised Previous For fiscal 2025, the Company expects: • Organic net sales1 growth of 2% to 3%, which assumes leading Net Sales $12.1 – $12.2 billion $12.0 – $12.2 billion on-trend ca
Slide 11: Long-Term Strategy Supports Profitable Growth
LONG-TERM STRATEGY SUPPORTS PROFITABLE GROWTH LONG-TERM ALGORITHM • Consumer-focused, protein-centric Net Sales portfolio 2-3% • Leading & differentiated brands Organic net sales1 growth • Fueled by innovation Operating Income • Organized for long-term growth 5-7% Operating income growth • Stable fi
Slide 12: Appendix
APPENDIX 12
Slide 13: Non-GAAP Measures
NON-GAAP MEASURES This presentation includes measures of financial performance that are not defined by U.S. generally accepted accounting principles (GAAP). The Company utilizes these non-GAAP measures to understand and evaluate operating performance on a consistent basis. These measures may also be
Slide 14: Non-GAAP Measures (Continued)
NON-GAAP MEASURES (CONTINUED) Legal Matters From time to time, the Company incurs expenses related to discrete legal matters that the Company believes are not indicative of the Company’s core operating performance, do not reflect expected future operating costs, and are not meaningful when comparing
Slide 15: Organic Volume and Organic Net Sales (Non-GAAP)
NON-GAAP MEASURES (CONTINUED) ORGANIC VOLUME AND ORGANIC NET SALES (NON-GAAP) 15
Slide 16: Adjusted Diluted Earnings Per Share (Non-GAAP)
NON-GAAP MEASURES (CONTINUED) ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP) (1) Comprised primarily of project-based external consulting fees as well as equipment relocation expenses, severance, and asset write-offs related to supply chain and portfolio optimization. 16
Slide 17: Forward-Looking GAAP to Non-GAAP Measures
NON-GAAP MEASURES (CONTINUED) Forward-looking GAAP to Non-GAAP Measures These tables show the calculation to reconcile from the estimated fiscal 2025 GAAP measure to the estimated non -GAAP adjusted measure. Our fiscal 2025 outlook for adjusted operating income and diluted earnings per share are non