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U.S. Food Industry Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies149
  • 7D1.8%
  • 3M7.8%
  • 1Y-3.7%
  • YTD6.9%

Over the last 7 days, the Food industry has risen 1.8%, driven by gains in Hershey and General Mills of 2.5% and 3.7%, respectively. In the same time, Simply Good Foods was down 7.1%. However, the industry is down 3.7% over the past year. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the U.S. Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Feb 2026US$420.5bUS$550.1bUS$13.8b21.2x30.4x0.8x
Wed, 31 Dec 2025US$390.6bUS$555.9bUS$14.5b20x27x0.7x
Fri, 28 Nov 2025US$430.3bUS$569.1bUS$17.3b20.9x24.9x0.8x
Sun, 26 Oct 2025US$432.2bUS$552.2bUS$16.3b18.4x26.6x0.8x
Tue, 23 Sep 2025US$439.8bUS$556.0bUS$16.5b18.1x26.6x0.8x
Thu, 21 Aug 2025US$447.8bUS$554.0bUS$16.2b20.8x27.6x0.8x
Sat, 19 Jul 2025US$453.9bUS$547.2bUS$24.0b19x18.9x0.8x
Mon, 16 Jun 2025US$445.4bUS$548.1bUS$23.4b19.2x19x0.8x
Wed, 14 May 2025US$435.4bUS$468.0bUS$22.6b19.1x19.2x0.9x
Fri, 11 Apr 2025US$438.1bUS$472.3bUS$24.9b16.5x17.6x0.9x
Sun, 09 Mar 2025US$462.9bUS$471.5bUS$24.4b18.7x19x1x
Tue, 04 Feb 2025US$439.8bUS$478.7bUS$22.5b20.1x19.6x0.9x
Thu, 02 Jan 2025US$444.9bUS$464.3bUS$21.6b19.9x20.6x1x
Sat, 30 Nov 2024US$473.3bUS$459.4bUS$21.3b20.5x22.2x1x
Mon, 28 Oct 2024US$477.0bUS$462.0bUS$22.5b17.8x21.2x1x
Wed, 25 Sep 2024US$496.7bUS$462.2bUS$22.2b19x22.3x1.1x
Fri, 23 Aug 2024US$489.2bUS$461.1bUS$22.3b19.7x22x1.1x
Sun, 21 Jul 2024US$468.1bUS$472.7bUS$24.4b18.1x19.2x1x
Tue, 18 Jun 2024US$455.3bUS$473.6bUS$25.1b14.7x18.1x1x
Thu, 16 May 2024US$492.7bUS$474.0bUS$24.3b15.4x20.3x1x
Sat, 13 Apr 2024US$472.0bUS$472.0bUS$24.7b16.4x19.1x1x
Mon, 11 Mar 2024US$473.4bUS$477.1bUS$24.9b15.1x19x1x
Wed, 07 Feb 2024US$477.2bUS$483.8bUS$25.0b16x19.1x1x
Fri, 05 Jan 2024US$501.6bUS$490.0bUS$25.4b17x19.7x1x
Sun, 03 Dec 2023US$483.1bUS$490.4bUS$25.5b15.9x18.9x1x
Tue, 31 Oct 2023US$461.2bUS$489.2bUS$26.1b16.5x17.6x0.9x
Thu, 28 Sep 2023US$492.3bUS$494.0bUS$26.1b18.5x18.8x1x
Sat, 26 Aug 2023US$517.6bUS$491.0bUS$26.3b16.4x19.7x1.1x
Mon, 24 Jul 2023US$550.0bUS$494.2bUS$26.1b17.5x21x1.1x
Wed, 21 Jun 2023US$548.9bUS$499.3bUS$26.7b16.9x20.5x1.1x
Fri, 19 May 2023US$567.6bUS$499.1bUS$27.7b18.7x20.5x1.1x
Sun, 16 Apr 2023US$562.7bUS$495.6bUS$28.2b18.4x20x1.1x
Tue, 14 Mar 2023US$532.1bUS$493.5bUS$28.0b16.4x19x1.1x
Thu, 09 Feb 2023US$540.2bUS$491.8bUS$27.2b18.7x19.8x1.1x
Price to Earnings Ratio

19.8x


Total Market Cap: US$540.2bTotal Earnings: US$27.2bTotal Revenue: US$491.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 20.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.4x which is higher than its 3-year average PE of 20.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market-0.23%
Consumer Staples0.47%
Food1.80%
Packaged Foods and Meats2.08%
Agricultural Products0.59%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings growth of 0.1% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 2.9% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HSY HersheyUS$194.752.5%
+US$969.3m		31.8%PE29x
GIS General MillsUS$46.263.7%
+US$869.7m		-22.7%PE9.8x
TSN Tyson FoodsUS$65.332.5%
+US$564.9m		13.1%PE48.7x
DAR Darling IngredientsUS$45.667.7%
+US$515.7m		25.7%PE67x
LW Lamb Weston HoldingsUS$45.935.1%
+US$306.9m		-23.8%PE16.3x

Latest News

DAR
US$45.66
Darling Ingredients
7D
7.7%
1Y
25.7%
MDLZ
US$58.47
Mondelez International
7D
-0.1%
1Y
1.8%
ADM
US$67.31
Archer-Daniels-Midland
7D
-0.09%
1Y
34.6%
BYND
US$0.76
Beyond Meat
7D
-13.5%
1Y
-79.9%
GIS
US$46.26
General Mills
7D
3.7%
1Y
-22.7%
HRL
US$24.61
Hormel Foods
7D
-1.0%
1Y
-16.9%

HRL: Tariff Relief And Cost Discipline Will Shape Next Phase Of Margins

Narrative Update Analysts have reduced their price target on Hormel Foods to US$27 from US$30, citing updated models ahead of the upcoming fiscal Q4 report, while maintaining their broader investment view. Analyst Commentary Recent research updates around Hormel Foods have focused on fine tuning valuation ahead of the upcoming fiscal Q4 report, rather than signaling a fundamental change in the broader thesis.
AGRO
US$8.86
Adecoagro
7D
-2.3%
1Y
-7.1%

AGRO: Capital Raise And Profertil Deal Will Reshape Future Earnings Mix

Analysts have nudged their price targets higher on Adecoagro, with one moving from US$7.50 to US$9. They point to the recent US$308m capital increase and the Profertil acquisition as key reasons for the updated view, while keeping underlying fair value assumptions broadly unchanged.
MKC
US$61.83
McCormick
7D
1.4%
1Y
-20.8%
HSY
US$194.75
Hershey
7D
2.5%
1Y
31.8%

HSY: Easing Cocoa Costs And Tariff Relief Will Rebuild Earnings Power

Analysts have raised their fair value estimate for Hershey by about $17 to $224, citing improved cost visibility from easing cocoa prices and tariff relief. A higher assumed future P/E multiple also offsets more cautious assumptions for revenue growth and margins.
FRPT
US$69.70
Freshpet
7D
-3.3%
1Y
-56.2%

FRPT: Muted Pricing And Weak Volumes Will Pressure Shares Under Sector Headwinds

Analysts have lifted their price target on Freshpet to US$61 from US$56, citing updated 2026 consumer staples assumptions that factor in muted pricing and limited volume improvement for the sector. Analyst Commentary Even with the price target set at US$61, bearish analysts are signaling that they see limited upside in the near term.
SMPL
US$18.77
Simply Good Foods
7D
-7.1%
1Y
-49.9%

SMPL: Margin Execution And Buybacks Will Support Future Upside Potential

Analysts trimmed their price targets on Simply Good Foods by about US$1 to reflect updated views on fair value, profit margins, and future P/E assumptions, following recent Street research that included a US$5 target cut at one firm. Analyst Commentary Bullish Takeaways Bullish analysts see the trimmed price targets as a recalibration of fair value rather than a fundamental shift in the long term case.
AVX
US$0.81
Avax One Technology
7D
-53.1%
1Y
-95.8%
TSN
US$65.33
Tyson Foods
7D
2.5%
1Y
13.1%

TSN: Beef Capacity Cuts And Steady Chicken And Pork Will Support Earnings

Analysts recently lifted their price target on Tyson Foods by US$7 to US$67, citing expectations that improving U.S. beef margins, along with solid chicken and pork fundamentals, could support stronger earnings than current market pricing implies. Analyst Commentary Bullish analysts are pointing to a clearer earnings setup for Tyson Foods at current levels, supported by industry trends in beef and stable conditions in chicken and pork.
CPB
US$27.98
Campbell's
7D
3.1%
1Y
-26.6%

CPB: Governance Scrutiny And Softer Scanner Trends Will Shape Modest Outlook

Analysts have trimmed their price targets on Campbell's by about $1 to $3 to around $29 per share. This reflects updated sales expectations from recent Nielsen scanner trends and slightly softer assumptions for both Meals & Beverages and Snacks.
LW
US$45.93
Lamb Weston Holdings
7D
5.1%
1Y
-23.8%

LW: Latin America Consolidation And Focus To Win Will Drive Recovery

Analysts have nudged their price target on Lamb Weston Holdings lower to US$72.53 from US$76.82, linking the revision to more measured assumptions for revenue growth, profit margins and the future P/E multiple. What's in the News Lamb Weston plans to close its Munro, Argentina plant and consolidate Latin America production at its newer Mar del Plata facility.
JBS
US$15.75
JBS
7D
1.4%
1Y
n/a