Hormel Foods Corporation Sets Dates to Issue Recast Financial Information and Hold First Quarter Earnings Conference Call

Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) announced it will release recast historical financial data on Feb. 28, 2023 as part of its new operating model, GoFWD. The company will also host a webcast at 4 p.m. CT to discuss the new financial reporting structure. Furthermore, Hormel will issue its first-quarter earnings release on Mar. 2, 2023, followed by a conference call at 8:30 a.m. CT. The company reports over $12 billion in annual revenue, offering a range of well-known brands across more than 80 countries.

Positive

• Plans to provide recast historical financial information indicates transparency and potentially improved investor relations.
• The new operating model, GoFWD, suggests a strategy for operational improvement.

Negative

• None.

AUSTIN, Minn., Feb. 8, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, plans to release recast historical financial information in connection with its new operating model, GoFWD, on Feb. 28, 2023. Additionally, the company plans to hold a webcast at 4 p.m. CT (5 p.m. ET) to discuss its new financial reporting structure.

The company is also inviting interested parties to participate in a webcast and conference call with Jim Snee, chairman of the board, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; and Deanna Brady, executive vice president, Retail; to discuss the company's first quarter financial results. The company will issue its earnings release before the markets open on Thursday, Mar. 2, 2023, and will host a conference call shortly thereafter at 8:30 a.m. CT (9:30 a.m. ET).

The webcasts, replays and other information related to both events can be accessed on the company's investor website, http://investor.hormelfoods.com.

ABOUT HORMEL FOODS — Inspired People. Inspired Food.^™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters^®, SKIPPY^®, SPAM^®, Hormel^® Natural Choice^®, Applegate^®, Justin's^®, WHOLLY^®, Hormel^® Black Label^®, Columbus^®, Jennie-O^® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three years, is one of Fortune magazine's most admired companies, has appeared on the "100 Best Corporate Citizens" list by 3BL Media 13 times, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com.

Investors Relations	Media Relations
(507) 437-5248	(507) 434-6352
ir@hormel.com	media@hormel.com

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SOURCE Hormel Foods Corporation

FAQ

When will Hormel Foods release its first-quarter earnings for 2023?

Hormel Foods is set to release its first-quarter earnings on Mar. 2, 2023.

What time is the Hormel Foods conference call after the earnings release?

The conference call is scheduled for 8:30 a.m. CT on Mar. 2, 2023.

What is the purpose of Hormel's upcoming webcast on Feb. 28, 2023?

The webcast aims to discuss the company's new financial reporting structure related to its GoFWD operating model.

What significant financial information will Hormel Foods provide on Feb. 28, 2023?

Hormel Foods will release recast historical financial data as part of its new operating model.