Hormel Foods (NYSE:HRL) delivered stronger-than-expected revenue in its first-quarter fiscal 2025 results, though earnings fell short of Wall Street forecasts. As a result, the company’s shares fell more than 3% intra-day today.
The company reported adjusted earnings per share of $0.35, coming in below analysts’ $0.39 forecast. However, revenue exceeded expectations at $2.99 billion, surpassing the $2.96 billion estimate and reflecting a 0.6% organic year-over-year increase.
Maintaining its full-year 2025 guidance, Hormel projects adjusted EPS between $1.58 and $1.72, along with revenue in the range of $11.9 billion to $12.2 billion. Both midpoints align closely with market expectations.
The company highlighted the strength of its value-added product portfolio, which has been a key driver of revenue growth. With solid top-line performance and leadership in its core markets, Hormel remains on track to meet its long-term financial objectives.
Despite near-term earnings pressure, the reaffirmed outlook and steady demand for its product lineup suggest continued resilience in a dynamic market environment.