Revenues of Hormel Foods's Suppliers, deteriorated by -22.83 % compared to the same quarter a year ago, sequentially sales grew by 9.74 %, Hormel Foods's cost of sales deteriorated by -2.17 % year on year, sequentially cost of sales grew by 1.46 % in Q3.
Hormel Foods's Suppliers realized a deteriorated in sales by -22.83 % compared to the same quarter a year ago, sequentially sales grew by 9.74 %, Hormel Foods's cost of sales deteriorated by -2.17 % year on year, sequentially cost of sales grew by 1.46 % in Q3.
The Company uses pork, turkey, beef, chicken, and nuts as its principal raw materials. Pork is obtained through purchases of hogs for the Austin, Minnesota processing facility, long-term supply agreements, and spot market purchases. Most turkeys are raised by the Company, with production costs hedged using futures, swaps, and options contracts. The Company also purchases raw materials from various suppliers, increasingly relying on them as it transitions to a more value-added product portfolio. Some raw materials, such as cashews, are sourced internationally, introducing additional pricing and availability risks. The Company employs supply contracts and forward buying strategies to secure supply and mitigate price fluctuations.
Hormel Foods's Comment on Supply Chain
The Company uses pork, turkey, beef, chicken, and nuts as its principal raw materials. Pork is obtained through purchases of hogs for the Austin, Minnesota processing facility, long-term supply agreements, and spot market purchases. Most turkeys are raised by the Company, with production costs hedged using futures, swaps, and options contracts. The Company also purchases raw materials from various suppliers, increasingly relying on them as it transitions to a more value-added product portfolio. Some raw materials, such as cashews, are sourced internationally, introducing additional pricing and availability risks. The Company employs supply contracts and forward buying strategies to secure supply and mitigate price fluctuations.
HRL's Suppliers Net profit fell by
HRL's Suppliers Net margin grew in Q3 to
-10.09 %
7.88 %
HRL's Suppliers Net profit fell by -10.09 %
HRL's Suppliers Net margin grew in Q3 to 7.88 %
Hormel Foods's Suppliers Sales Growth
in Q3 2026 by Industry
Sources:
Hormel Foods Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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