Hormel Foods CFO Smiley exits; adjusted EPS now $0.08-$0.09 below prior expectations
Hormel Foods expects fourth-quarter adjusted earnings per share about $0.08 to $0.09 below its prior expectations, and it is not reaffirming its GAAP EPS guidance range pending year-end closing, with non-cash impairment charges expected mainly in its International segment and snack nuts business. Net sales growth is expected toward the top end of its guidance range. Chief Financial Officer Jacinth Smiley is leaving, and Paul Kuehneman was named interim CFO and controller effective October 27, 2025.
Key points
- Adjusted EPS expected about $0.08 to $0.09 below prior expectations for the fiscal fourth quarter ended October 26, 2025.
- GAAP EPS guidance range not reaffirmed; non-cash impairment charges expected, primarily in International and snack nuts.
- Net sales growth expected toward the top end of the previously issued guidance range.
- Jacinth Smiley no longer CFO effective October 26, 2025, and remains employed until November 30, 2025; a Little Rock peanut butter plant fire is being repaired, with full production expected early in fiscal 2026.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.