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Hormel Sells Whole-Bird Turkey Unit To Chase Steadier Growth - Hormel Foods (NYSE:HRL)

On Wednesday, Hormel Foods announced it will sell its whole-bird turkey operations, including the Melrose facility and Swanville feed mill, to LSI.
Ahead of the analyst conference, the divestment aims to refine Hormel's business and focus on core value-added protein products, including JENNIE-O, to reduce exposure to volatile commodity-driven segments.
Taking over supply agreements, LSI will assume supply agreements with independent turkey growers and maintain co-manufacturing through fiscal 2026, as Hormel expects a smooth transition.
On Wednesday, Hormel expects the sale to have minimal impact on its adjusted fiscal 2026 results and to support its long-term growth plan, with preliminary fiscal first-quarter results projecting $3 billion in net sales, 2% organic growth, and 33 cents per share.
Amid market pressure, the divestment is expected to close by the end of Hormel's second fiscal quarter, as HRL shares near a 52-week low.

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Hormel Sells Whole-Bird Turkey Unit To Chase Steadier Growth - Hormel Foods (NYSE:HRL)

Hormel Foods Corp. (NYSE:HRL) agreed to sell its whole-bird turkey business as it reported preliminary fiscal first-quarter 2026 results on Tuesday, outlining a portfolio shift toward value-added protein products. HRL is showing weakness near its 52-week low. Check the latest price here. The company announced its preliminary fiscal first-quarter results for 2026, projecting net sales of around $3 billion with a 2% organic net sales growth. This…

10 hours ago·New York, United States

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