STOCK TITAN

Hormel Foods Provides Food for Hurricane Ian Relief Efforts

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) announced a donation to support Convoy of Hope's disaster recovery efforts following Hurricane Ian. This contribution aids individuals affected by the hurricane in Florida. Hormel Foods has donated over $50 million in cash and products to nonprofits in the past five years, including $6.6 million for hunger relief in 2021. The partnership with Convoy of Hope spans seven years, focusing on disaster response and food insecurity.

Positive
  • Donated over $50 million to nonprofits in five years.
  • Contributed $6.6 million for hunger relief in 2021.
  • Seven-year partnership with Convoy of Hope enhancing community support.
Negative
  • None.

AUSTIN, Minn., Sept. 29, 2022 /PRNewswire/ -- Hormel Foods Corporation, (NYSE: HRL), a Fortune 500 global branded food company, announced that it has provided support to Convoy of Hope's disaster recovery response in the wake of Hurricane Ian. The company's donation will immediately go to assisting those impacted by the devastating hurricanes that ravaged areas within Florida. Convoy of Hope is a nonprofit organization with a driving passion to feed the world through initiatives for children, community outreach events and disaster-response efforts.

Hormel Foods has donated more than $50 million in cash and product donations to nonprofit organizations over the last five years, including $6.6 million in hunger-relief donations in 2021. The company has partnered with Convoy of Hope for the past seven years, contributing product and financial gifts that have been used to help those affected by natural disasters and food insecurity.

"Convoy of Hope is extremely grateful for the generosity of Hormel Foods," said Ethan Forhetz, vice president of public engagement with Convoy of Hope. "This donation will empower Convoy of Hope to reach storm survivors with the life sustaining essentials they need following major disasters. Thanks to Hormel Foods, Convoy continues to deliver hope to families."

Additional information about the company's hunger-relief efforts is available in the Hormel Foods Global Impact Report.

ABOUT HORMEL FOODS — Inspired People. Inspired Food.™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $11 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 and http://csr.hormelfoods.com/.

Contact:

Media Relations


Hormel Foods


507-434-6352


media@hormel.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-provides-food-for-hurricane-ian-relief-efforts-301637321.html

SOURCE Hormel Foods Corporation

FAQ

What recent donation did Hormel Foods (HRL) make for Hurricane Ian relief?

Hormel Foods announced a donation to Convoy of Hope to support disaster recovery efforts for Hurricane Ian.

How much has Hormel Foods donated to nonprofits in recent years?

Hormel Foods has donated over $50 million in cash and product donations to nonprofit organizations over the last five years.

What is Hormel Foods' contribution for hunger relief in 2021?

Hormel Foods contributed $6.6 million for hunger relief in 2021.

What kind of partnership does Hormel Foods have with Convoy of Hope?

Hormel Foods has partnered with Convoy of Hope for seven years, providing financial and product support for disaster relief and food security.

Hormel Foods Corporation

NYSE:HRL

HRL Rankings

HRL Latest News

HRL Stock Data

17.35B
291.24M
0.22%
88.02%
1.7%
Packaged Foods
Meat Packing Plants
Link
United States of America
AUSTIN