荷美尔食品 2025年度报告

FORM11-K [X]ANNUAL REPORT PURSUANT TO SECTION15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number1-2402 A.Full title of the plan and the address of the plan, if different from that of the issuer named below: Hormel Foods Corporation Tax Deferred Investment Plan B B.Name of issuer of the securities held pursuant to the plan and the address of its principal executiveoffice: Hormel Foods Corporation1 Hormel PlaceAustin, MN55912 507-437-5611 Table of Contents Hormel Foods CorporationTax Deferred Investment Plan B Financial Statements and Supplemental Schedule Years Ended December 31, 2025 and 2024 Contents Report of Independent Registered Public Accounting Firm Financial StatementsStatements of Net Assets Available for BenefitsStatements of Changes in Net Assets Available for BenefitsNotes to the Financial Statements Supplemental ScheduleSchedule H, Line 4i– Schedule of Assets (Held at End of Year) Exhibit23Consent of Independent Registered Public Accounting Firm Signatures Report of Independent Registered Public Accounting Firm To the Plan Participants and the Plan Administrator ofHormel Foods Corporation Tax Deferred Investment Plan B Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Hormel Foods CorporationTax Deferred Investment Plan B (the Plan) as of December 31, 2025 and 2024, and the related statements ofchanges in net assets available for benefits for the years then ended, and the related notes (collectively referredto as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects,the net assets available for benefits of the Plan at December 31, 2025 and 2024, and the changes in its net assetsavailable for benefits for the years then ended, in conformity with U.S. generally accepted accountingprinciples. Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express anopinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered withthe Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independentwith respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules andregulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we planand perform the audit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform,an audit of its internal control over financial reporting. As part of our audits we are required to obtain anunderstanding of internal control over financial reporting but not for the purpose of expressing an opinion on theeffectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financialstatements, whether due to error or fraud, and performing procedures that respond to those risks. Suchprocedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financialstatements. Our audits also included evaluating the accounting principles used and significant estimates madeby management, as well as evaluating the overall presentation of the financial statements. We believe that ouraudits provide a reasonable basis for our opinion. Supplemental Schedule Required by ERISA The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2025 (referred toas the “supplemental schedule”), has been subjected to audit procedures performed in conjunction with the auditof the Plan’s financial statements. The information in the supplemental schedule is the responsibility of thePlan’s management. Our audit procedures included determining whether the information reconciles to thefinancial statements or the underlying accounting and other records, as applicable, and performing procedures totest the completeness and accuracy of the information presented in the supplemental schedule. In forming ouropinion on the information, we evaluated whether Table of Contents such information, including its form and content, is presented in conformity with the Department of Labor’sRules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financialstatements as a whole. /s/ Ernst & Young LLP We have served as