Hormel anticipates second-half rebound despite Q2 volume declines

Hormel Foods Corp. maintains a sense of resilience in the 2025 fiscal year as the company sets its sights on a rebound in the second half. While second quarter results included losses in sales volume for Hormel’s retail and foodservice businesses, the company believes its strategy to drive value through quality, product differentiation, innovation and convenience will position it as a reliable brand for future success.

For the second quarter ended April 27, 2025, Hormel reported net earnings of $179.7 million, equal to 33¢ on the common stock, down from $189.2 million and 35¢ per share on the common stock in the same period the previous year. Net sales remained consistent with last year’s totals at approximately $2.9 billion.

“We achieved solid organic top-line growth and delivered second quarter results in line with our expectations,” said Jim Snee, president and chief executive officer of Hormel Foods. “We anticipate strong second half growth led by our range of consumer-focused, protein-centric products. Notably, we expect meaningful contributions from our turkey portfolio, continued momentum in the Planters brand, growth from our leading positions in the marketplace and ongoing benefits from our Transform and Modernize (T&M) initiative.”

Retail sales volume dropped 6.6% to 677 million lbs, compared to last year’s 725 million lbs. Net retail sales dipped less than 1% year-over-over to $1.8 billion. Meanwhile, foodservice sales volume also experienced a year-over-year drop of 7.3% to 243 million lbs, compared to 262 million lbs in 2024. However, foodservice net sales rose slightly by 0.5% to $936 million from $932 million the prior year.