Hormel Foods up after annual profit forecast above estimates

Shares of Skippy peanut butter maker Hormel Foods up about 5% at $24.37 premarket

Expects FY2026 adjusted EPS between $1.43 and $1.51, with the midpoint above analysts' average estimate of $1.45, as per data compiled by LSEG

Also logs quarterly net sales of $3.19 billion, compared with $3.14 billion a year ago

Up to last close, stock down nearly ~26% YTD