Hormel Foods Corp
Food Products
Hormel Foods Corp (HRL) Stock News
The latest HRL headlines and market coverage — 2 recent stories, updated throughout the day.
- Zacks Investment Research·
Can IBM's HRL Acquisition Boost Its Quantum Computing Capabilities?
IBM has completed its acquisition of HRL Laboratories to expand its quantum computing capabilities by integrating silicon-spin qubits with its superconducting approach. The deal adds expertise in quantum sensing, materials science, and manufacturing. IBM expects its Quantum Starling system to perform 100 million quantum operations by 2029, with a next-generation Blue Jay system targeted for the mid-2030s.
- Zacks Investment Research·
Compared to Estimates, Hormel (HRL) Q3 Earnings: A Look at Key Metrics
Hormel Foods reported $2.96 billion in revenue for Q3 2026, missing analyst expectations of $3.05 billion by 2.81%. While EPS of $0.37 slightly beat estimates of $0.36, the company faced headwinds across most segments with retail sales down 4.3% and international sales declining 4.7% year-over-year. The stock has underperformed the broader market, declining 8.1% over the past month.