Hormel Foods says consumers are 'strained' as they trade down or hunt for value, but maintains outlook for the year

Packages of Skippy peanut butter are stacked at a Costco Wholesale store on April 4, 2025 in San Diego, California. (Credit: Kevin Carter - Getty Images)

• Hormel Foods maintained its full-year 2025 net sales guidance at $12.2 billion despite economic uncertainty and tariff-related pressures, noting that consumers are feeling strained and adjusting their spending habits for maximum value. While tariffs have not significantly impacted Hormel yet, the company narrowed its growth and earnings forecasts slightly and emphasized strength in value-oriented and premium product lines like Applegate.

In its second earnings call of the year, Hormel Foods held its guidance steady despite a shifting macroeconomic outlook.