Erica Eiler's questions to HORMEL FOODS CORP /DE/ (HRL) leadership • Q3 2025
Question
Speaking for Rupesh Parikh, Erica Eiler of Oppenheimer & Co. Inc. asked if Hormel is still viewed as a double-digit operating margin business over time. She also questioned if the recent top-line performance marks a sustainable inflection point for growth.
Answer
Interim CEO Jeffrey Ettinger deferred on a specific margin target but highlighted positive drivers like sales momentum, mix enhancement, pricing benefits, and cost controls. President John Ghingo affirmed confidence in sustainable top-line growth, driven by the advantaged foodservice model and strong performance of flagship brands in retail.