Hormel Foods Corporation appointed Ash Bhumbla as executive vice president and chief financial officer, effective September 8, 2026. Bhumbla, formerly CFO of Tyson Foods' Chicken segment, will oversee Hormel's finance organization and guide its financial strategy and long-term growth. Paul Kuehneman, interim CFO since October 2025, will assist in the transition and remain a senior finance leader. This leadership change aims to support Hormel's modernization and future positioning in the food industry.
Hormel Foods reported a mixed Q3 with adjusted EPS beating estimates by $0.02, but organic sales fell 2% due to cautious consumers and food inflation. The company expects strong free cash flow above $700 million for the full year, supporting a steady...
Hormel Foods reported solid Q3 fiscal 2026 results with adjusted EPS of $0.37 and raised its full-year adjusted EPS guidance to $1.45-$1.51, reflecting 6%-10% growth. The company saw a 2% decline in organic net sales but improved adjusted operating i...
