Hormel Q3 EPS falls 67% to $0.11 on Brazil exit, Indonesia impairment, and litigation

Filed August 27, 2026 · Period ending July 26, 2026 · Compared to 10-Q Aug 28, 2025 · ~1 min read

Key Changes

• high

  Diluted EPS fell 67% to $0.11 in Q3 FY26 from $0.33 in Q3 FY25, driven by a $56M loss on Brazil divestiture, a $48M impairment of the Garudafood equity investment, and a $38M Turkey antitrust settlement. Adjusted EPS (excluding these items) rose 6% to $0.37.

  MD&A: Earnings verify on EDGAR →
• high

  Company agreed to sell Brazil operations (Ceratti brand) for $22.1M cash in July 2026, recognizing a $56M pre-tax loss including accumulated FX translation losses. Also divested whole-bird turkey business for $61.2M ($21.2M cash + $40M note), recording a $61M loss.

  Notes: Divestitures verify on EDGAR →
• high

  Garudafood equity investment impaired by $48M in Q3 FY26 as quoted market value fell 26% to $184M. Despite positive equity earnings, severity and duration of the decline indicated the loss was no longer temporary.

  Notes: Equity Investments verify on EDGAR →