{
  "id": 4124596,
  "title": "Why Hormel Foods Stock Swooned by 10% Today",
  "url": "https://urgent.news/2026/08/27/why-hormel-foods-stock-swooned-by-10-today-4124596",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T23:36:05.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/why-hormel-foods-stock-swooned-233605781.html"
  },
  "original_language": "en",
  "account": "On Thursday, Hormel Foods (NYSE: HRL) released its latest earnings report, but investors were not impressed. While profit exceeded analyst expectations, the company fell short in revenue and lowered full-year guidance. The stock plummeted more than 10% following the announcement. Hormel's fiscal third-quarter net sales totaled $2.96 billion, a 2% decrease year-over-year due to a 7% decline in sales volume to 969 million pounds. Non-GAAP net income grew by nearly 4% to $202 million, surpassing the $0.35 per share consensus. CEO John Ghingo attributed the results to portfolio optimization, reduced commodity-based pricing, and a challenging consumer environment. Despite growth in some retail priority brands and food service, which outperformed industry trends, Hormel reduced its net sales guidance for the current fiscal year to $12.1 billion to $12.2 billion, down from the previous range of $12.2 billion to $12.5 billion. The company also raised the bottom end of its adjusted earnings forecast by $0.02 per share, now projecting $1.45 to $1.51 per share. Hormel's dividend yield of 5.5% is its main draw as a Dividend King, but the dividend payout ratio is high. While the company remains free cash flow positive and maintains a substantial business, Hormel's stock may not be a wise investment given the recent underwhelming performance. The Motley Fool's Stock Advisor analysts recommend 10 better investment options instead, emphasizing long-term growth with potential for significant returns.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Why Hormel Foods Stock Swooned by 10% Today",
        "url": "https://urgent.news/2026/08/27/why-hormel-foods-stock-swooned-by-10-today",
        "published": "2026-08-27T23:16:05.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Why Hormel Foods Stock Swooned by 10% Today",
        "url": "https://urgent.news/2026/08/27/why-hormel-foods-stock-swooned-by-10-today-3851790",
        "published": "2026-08-27T23:36:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}