Hormel: Shifting From EPS Decline To Growth

Hormel Foods is executing a strategic turnaround, exiting low-margin businesses to focus on core brands like Planters and Jennie-O. HRL anticipates 6.6% forward EPS growth, a significant improvement over its 10-year 0.4% CAGR, with consensus for 8% EPS growth in FY 2026. Shares trade at a 19% discount to fair value (P/E 14.5 vs. 18), offering a 5.3% yield and potential for a 33% total return by April 2027.