US EditionHormel Sells Whole-Bird Turkey Unit To Chase Steadier Growth - Hormel Foods (NYSE:HRL)
Hormel Foods will keep co-manufacturing through fiscal 2026 while shifting focus to value-added protein products and reducing commodity exposure, company said.
- On Wednesday, Hormel Foods Corporation announced it will sell its whole-bird turkey business to Life-Science Innovations, including the Melrose facility, Swanville feed mill, and transportation assets.
- Ahead of the analyst conference, the divestment aims to refine the business model and emphasize value-added protein products, reducing exposure to volatile segments.
- Taking over supply agreements with independent turkey growers and maintaining co-manufacturing through fiscal 2026, Hormel expects a smooth transition, said the company.
- Hormel expects the sale to have minimal impact on its adjusted fiscal 2026 results as preliminary fiscal first-quarter 2026 results show $3 billion net sales, 2% organic net sales growth, and diluted earnings per share 33 cents.
- Amid market pressure, the divestment is expected to close by the end of Hormel's second fiscal quarter and supports its shift toward higher-margin, value-added proteins, keeping JENNIE-O central.
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West Central Tribune
AgweekLife-Science Innovations to buy Hormel’s ‘whole-bird turkey’ segment
WILLMAR — Hormel Foods announced that it has entered into an agreement to sell its whole-bird turkey business to Life-Science Innovations. The sale is expected to close by the end of the second quarter of fiscal year 2026, according to a news release announcing the sale. In the agreement, Life-Science Innovations, based in Willmar, will receive the whole-bird production facility in Melrose, the feed mill in Swanville and related transportation a…
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…
Who bought Hormel’s whole-bird turkey business?
Who is taking over Hormel’s turkey operations and why it matters Hormel Foods has agreed to sell its whole‑bird turkey operations to Life‑Science Innovations (LSI), a move the company described as part of a broader effort to refine its portfolio and focus on core growth areas. The deal transfers…
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