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Hormel Foods Corporation (NYSE: HRL), headquartered in Austin, Minnesota, is a globally recognized Fortune 500 company, noted for its extensive portfolio of consumer-branded food and meat products. Renowned for quality, taste, and nutrition, Hormel Foods has built a strong reputation among consumers, retail grocers, foodservice, and industrial customers. The company’s diverse product range includes hams, bacon, sausages, franks, canned luncheon meats, stews, chilis, hash, meat spreads, shelf-stable microwaveable entrees, and salsas.
Historically meat-focused, Hormel Foods has broadened its offerings to include various protein sources, becoming a comprehensive branded food company. Its major brands like Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy hold dominant market positions in their respective categories. In fiscal 2023, U.S. retail accounted for 64% of sales, U.S. food service for 30%, and international sales for 6%, with 70% of sales from perishable food and 30% from shelf-stable products.
Recently, Hormel Foods has demonstrated strong performance across its business segments, particularly in the first quarter of fiscal 2024. The company’s strategic initiatives in transformation and modernization have shown promising results. Highlights include broad-based volume growth, robust demand for foodservice products, and significant progress in their Planters® snack nuts business. CEO Jim Snee emphasized the team's focused execution of strategic priorities and improvements in the supply chain, which have positively impacted the company’s growth trajectory and shareholder returns.
The company's ongoing projects include the redesign of the HORMEL® NATURAL CHOICE® product packaging, reducing packaging material by 337,000 pounds annually, and introducing HORMEL® Ribbon Pepperoni, aimed at improving pizza preparation efficiency for foodservice operators. Additionally, Hormel Foods continues to support young innovators through its 10 Under 20 Food Heroes program, recognizing and mentoring youth driving positive change in the food system.
Hormel Foods Corporation reported strong financial results for the second quarter of fiscal 2024, with continued growth in the Foodservice and International segments, improvements in the supply chain, and stable volumes across its business. The company remains focused on strategic initiatives to drive long-term growth and shareholder returns, reaffirming its commitment to excellence in quality, sustainability, and community impact.
For more information, visit www.hormelfoods.com.
Jennie-O, a leading turkey brand in the United States, will showcase its Big Turkey Spectacular float in the 98th Macy's Thanksgiving Day Parade® for the fifth consecutive year. GRAMMY winner T-Pain will perform a mashup of his #1 hits on the float. The spectacular 36-foot-long float features over 200 pounds of sparkles, 25-foot-wide tail feathers, and a motion-activated top hat revealing baby turkey figures. The parade will air on NBC and stream on Peacock on November 28. Jennie-O will also provide holiday meal planning support through their 1-800-TURKEYS hotline, website chat, and text service until December 1.
Hormel Foods has announced the recipients of the 2024 Hormel Heroes Scholarships. This initiative, started in 2019, awards $10,000 scholarships to students with military backgrounds pursuing degrees in culinary arts or foodservice management. This year’s winners are Vergie Terrell and Jorge Mendez. To date, the program has provided $180,000 to 13 students. Terrell, an active U.S. Army member and junior at Houston Community College, aims to establish her own foodservice business. Mendez, a U.S. Army Reserve member and junior at New Mexico State University, aspires to open his own restaurant. The scholarships are administered by the National Restaurant Association Educational Foundation (NRAEF), which has awarded over $27 million in scholarships over the past 37 years.
Hormel Foods (NYSE: HRL) has scheduled its fourth quarter and full-year financial results conference call for December 4, 2024, at 8 a.m. CT. The earnings release will be issued before market open. Key executives, including CEO Jim Snee, CFO Jacinth Smiley, EVP Retail John Ghingo, and VP Corporate Development Nathan Annis, will discuss financial results and the company's transform and modernize initiative. The webcast and replay will be available on the company's investor website.
Hormel Foods has been recognized on Military Times' 2024 Best for Vets employer list for the 12th consecutive year. The recognition highlights the company's commitment to recruiting, retaining, and supporting current and former service members, military spouses, and caregivers. The evaluation process involves an unbiased analysis of companies' recruitment practices, employment initiatives, and support programs.
Richard Carlson, vice president of Quality Management and executive sponsor of HMVET, emphasized the company's long-standing military support through active recruitment and food supply services. The company's HMVET employee resource group assists military members and their families with company integration while maintaining camaraderie throughout their careers.
Hormel Foods has been recognized by Vault as having one of the nation's top 150 internship programs, particularly excelling in Engineering, Sales, Marketing, and Communications categories. The company welcomed nearly 100 college students this year, focusing on providing an inclusive and meaningful experience. Vault's recognition was based on a survey of over 20,000 interns who rated experiences in areas including career development, employment prospects, quality of life, compensation, diversity, and interview process.
The company maintains a remarkable 70% conversion rate of interns to full-time positions after graduation, demonstrating its commitment to talent development and career advancement opportunities.
The makers of the JENNIE-O® turkey brand have announced that their 1-800-TURKEYS hotline will be available for the 17th consecutive year, starting Nov. 1. This service aims to support consumers with holiday meal planning and preparations. According to a recent survey, most people take up to two weeks to plan and cook their Thanksgiving meal, with some states like Delaware starting preparations as early as 17 days in advance.
The brand is offering several new resources this year, including:
- New menu ideas for various preferences and gathering sizes
- Nationwide turkey donations
- Participation in the 98th Macy's Thanksgiving Day Parade
Consumers can seek assistance through the hotline, live chat on jennieo.com/hotline/, or by texting "TURKEY" to 73876. JENNIE-O® offers a variety of turkey options, including fresh and frozen whole turkeys, turkey breasts, and their convenient OVEN READY™ products.
Hormel Foods has launched HORMEL® Pepperoni Confetti, a -time product featuring a unique ribbon shape designed for even distribution on pizzas and maximum flavor in every bite. This innovative twist on classic pepperoni is suitable for various uses, including pizzas, appetizers, and snacking straight from the bag.
Andrew McElroy, associate brand manager at Hormel Foods, emphasized the company's commitment to pushing flavor and creativity boundaries with this new product. HORMEL® Pepperoni Confetti is now available at select retailers for a time, offering consumers a new pepperoni experience that promises to make every bite a celebration.
The makers of the PLANTERS® brand are launching their holiday season with a new -edition flavor: Toasted Marshmallow Hot Chocolate Cashews. This new offering is accompanied by the return of fan-favorite holiday flavors and a new giveback program. The campaign, 'Open the Magic', begins on Nov. 1, 2024, giving fans a chance to win $1,000 for themselves and another $1,000 for a charity of their choice.
The new Toasted Marshmallow Hot Chocolate Cashews are kettle roasted with cocoa and toasted marshmallow flavors, available in 5.5-ounce stand-up bags for $4.99 (MSRP) nationwide. Returning holiday flavors include Butter Cinnamon Pecans, Brittle Nut Medley, Holiday Nut Crunch, and Winter Spiced Mix. Fans can find PLANTERS® brand holiday products using the store locator at Planters.com or by shopping on Amazon.com.
The makers of HERDEZ® salsa announce the launch of House of Heritage, a one-day immersive experience celebrating Hispanic heritage and culture on October 10, 2024, at Chelsea Market in New York City. This event, honoring Hispanic Heritage Month, offers:
- Cooking demonstrations by Michelin-starred Chef Cosme Enrique Aguilar
- 'Dipiquette' tutorials by social media personality Harry Hill
- Art installations by NYC-based Mexican artists
- Nail art customization by Latina-owned Chillhouse spa
The experience aims to showcase Mexican cuisine, salsa dipping techniques, and cultural expressions. The first 100 attendees may receive a -edition tote bag. The event is open to the public from 12:00pm to 5:00pm, offering a unique opportunity to explore Mexican culinary and cultural heritage.
Hormel Foods (NYSE: HRL) made significant contributions during Hunger Action Month in September, donating over $450,000 to combat food insecurity. Key initiatives included:
1. Partnering with Austin High School to assemble 24,000 snack packs for students and local food shelves.
2. Granting $10,000 to each of its 45 production facilities for local hunger-relief organizations.
3. Organizing a hometown celebration concert with matched donations for local food banks.
These efforts contribute to Hormel's 20 By 30 Challenge, aiming to deliver 70 million meals and create a food-secure community program by 2030. In 2023, the company donated $12.5 million in cash and products, including $10 million for hunger relief, equivalent to 9.2 million meals.
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