Hormel Sells Whole-Bird Turkey Unit To Chase Steadier Growth

Hormel Foods reports preliminary Q1 2026 results, projects $3B in sales and 2% organic growth.

Published on Feb. 21, 2026

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Hormel Foods Corp. has agreed to sell its whole-bird turkey business to Life-Science Innovations as part of a broader strategy to strengthen its portfolio by emphasizing more stable, value-added protein products. Hormel reported preliminary fiscal first-quarter 2026 results, projecting net sales of around $3 billion with a 2% organic net sales growth.

Why it matters

Hormel's divestment from its whole-bird turkey business is part of the company's efforts to refine its business model and reduce risks from volatile commodity-driven segments. By focusing on value-added products, Hormel aims to support sustained profitability and growth.

The details

Hormel will sell its production and transportation assets in Minnesota, including the Melrose whole-bird facility and the Swanville feed mill, to Life-Science Innovations (LSI). LSI will also take over supply agreements with independent turkey growers and maintain co-manufacturing operations with Hormel until the end of fiscal 2026 to facilitate a smooth transition. The JENNIE-O brand remains central to Hormel's growth strategy and continues to be a significant revenue source.

  • Hormel reported preliminary fiscal first-quarter 2026 results on Tuesday.
  • The sale to Life-Science Innovations is expected to close by the end of Hormel's second fiscal quarter.

The players

Hormel Foods Corp.

A food company that produces a variety of meat and food products, including the JENNIE-O turkey brand.

Life-Science Innovations (LSI)

The company that is purchasing Hormel's whole-bird turkey business assets and production facilities.

John Ghingo

The president of Hormel Foods.

Jeff Ettinger

The interim chief executive officer of Hormel Foods.

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What they’re saying

“This transaction is an important next step in our evolution. With a more focused turkey portfolio, we will continue strengthening the value-added aspects of our JENNIE-O business. We look forward to working with LSI to ensure a smooth transition for our team members, customers, consumers, and suppliers.”

— John Ghingo, President, Hormel Foods (Benzinga)

“They reflect a solid start to the year, are aligned with our expectations and give us confidence that we are focused on the right initiatives to return Hormel Foods to profitable growth.”

— Jeff Ettinger, Interim Chief Executive Officer, Hormel Foods (Benzinga)

What’s next

Hormel will reaffirm its fiscal 2026 guidance, targeting 2-3% organic net sales growth and 5-7% operating profit growth, at the Consumer Analyst Group of New York conference.

The takeaway

Hormel's decision to sell its whole-bird turkey business and focus on value-added protein products is part of the company's broader strategy to strengthen its portfolio and reduce risks from volatile commodity-driven segments. This shift aims to support Hormel's long-term profitability and growth.