HRLHormel Foods

Consumer staples · Meat Products · NYSE

Hormel Foods Corporation, a Delaware corporation, was founded by George A. Hormel in 1891 in Austin, Minnesota, as Geo. 10-K, Item 1

Headquarters: Austin, MN
CEO: James P. Snee
Next results: around Dec 3, 2026

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RevenueFY2016–25 $12.1B+1.6% FY2024: $11.9B 10-K FY2025 · XBRL Net incomeFY2016–25 $478.2M−40.6% FY2024: $805.0M 10-K FY2025 · XBRL Free cash flowFY2016–25 $534.3M−47.1% FY2024: $1.0B 10-K FY2025 · XBRL Operating marginFY2016–25 5.9%−3.0 pts 13.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Dec 5, 2025 against Dec 5, 2024

Area	What changed	Source
Risk factors	23 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Indefinite-lived Intangible Asset Impairment Analysis of Planters Trade Name (“At October 26, 2025, the Company’s indefinite-lived intangible asset balance was $1.56 billion, which includes the Planters trade name. As described in Note C, the company recorded an impairment charge of $59.1 million related to the Planters trade name asset during fiscal year 2025. As disclosed in”). Same as last year: Valuation of Pension Plan Assets	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	1 open-market buy in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Dec 5, 2025

Paragraphs in Risk Factors that were not in the 10-K filed 2024-12-05. Quoted as filed.

During the Company’s fiscal 2025 quantitative impairment testing, the International reporting unit with a goodwill balance of $258.9 million was identified as having modest fair value in excess of its carrying amount and is considered at heightened risk of impairment. Separately, impairments were recognized on the Planters® and…
10-K, Item 1A

All 23 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: Indefinite-lived Intangible Asset Impairment Analysis of Planters Trade Name (“At October 26, 2025, the Company’s indefinite-lived intangible asset balance was $1.56 billion, which includes the Planters trade name. As described in Note C, the company recorded an impairment charge of $59.1 million related to the Planters trade name asset during fiscal year 2025. As disclosed in”). Same as last year: Valuation of Pension Plan Assets
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Receivables -4.0% vs revenue +1.6% (-5.6 pts)
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Cash from operations $845.3M vs net income $478.2M (FY ending 2025-10-26)
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Inventory +10.8% vs revenue +1.6% (+9.3 pts)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 29, 20268-K Director or officer change 8-K item 5.02
Oct 23, 20268-K Director or officer change 8-K item 5.02

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