STOCK TITAN

Hormel Foods Wins Product of the Year Canada

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Hormel Foods Corporation (NYSE: HRL) announced that its Columbus® Charcuterie Tasting Board has won the Appetizer Category in the 2023 Product of the Year Canada awards. Recognized for its innovation, the product is gaining traction in Canada and the U.S. as a premium charcuterie option, providing convenience for consumers who prefer ready-made options. The Product of the Year award is based on votes from 4,000 consumers, highlighting the product's popularity and quality. Hormel Foods operates globally with over $12 billion in annual revenue and a diverse portfolio of brands.

Positive
  • Columbus® Charcuterie Tasting Board won the Appetizer Category at Product of the Year Canada.
  • Recognition reflects consumer demand for convenient charcuterie options in the U.S. and Canada.
  • Backing from a consumer-voted award reinforces product credibility and market acceptance.
Negative
  • None.

The Company's Columbus® Charcuterie Tasting Board wins Appetizer Category

AUSTIN, Minn., Feb. 20, 2023 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the its Columbus® Charcuterie Tasting Board has won the appetizer category for Product of the Year Canada.

"We are honored to be recognized for this innovative product that is helping to make charcuterie easy and approachable for everyone," said Ali Martin, associate brand manager, international at Hormel Foods. "Charcuterie has really grown quickly in Canada, and the United States, and it's a great, anytime appetizer or snacking item for all occasions."

"Our Columbus® Charcuterie Tasting Board is perfect for consumers looking for a premium charcuterie experience, whether they are entertaining or want to bring something to a party," said Henry Hsia, vice president of Retail marketing – Snacking and Entertaining. "Instead of having to purchase the items individually and craft a board on their own, consumers can rely on our expertise."

Product of the Year is the largest consumer-voted award for product innovation. Established 35 years ago, POY currently operates in over 45 countries with the same purpose: guide consumers to the best products in their market and reward manufacturers for quality and innovation. Product of the Year winners are backed by the votes of 4,000 consumers in a national representative study conducted by research partner Kantar, a global leader in consumer research.

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 and http://csr.hormelfoods.com/.

About Product of the Year 
Product of the Year is the world's largest consumer-voted award for product innovation. Established 35 years ago in France, POY currently operates in over 40 countries with the same purpose: Guide consumers to the best products in their market and reward manufacturers for quality and innovation. In Canada, the Product of the Year seal is backed by the votes of thousands of Canadian consumers, serving as a shortcut for shoppers to save time and money. For entrants of the winning products, the award is a powerful marketing message proven to increase product awareness, trial and quality. Product of the Year Canada accepts entries from consumer products that demonstrate innovation in design, function, packaging or ingredients, and were launched within the previous year (January 2021). A jury comprised of industry experts selects the finalists that meet the Product of the Year standards of value and innovation. Those selected finalists are then categorized and judged through an online survey of Canadian consumers, conducted by Kantar on behalf of Ensemble IQ. Consumers vote and select the winning products they feel are most worthy of both the Product of the Year Canada title and the distinct internationally renowned red seal. Winning products are announced annually and receive the right to use the Product of the Year Canada seal in their marketing and communications for two years. For more information, visit productoftheyear.ca.

About Kantar:
Kantar is the world's leading marketing data, insight and consultancy company. We know more about how people live, feel, shop, vote, watch and post worldwide than any other company. Working across the entire sales and marketing lifecycle, we help brands uncover growth in an extraordinary world. Kantar is part of WPP and its services are employed by over half of the Fortune 500 companies in 100 countries.

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-wins-product-of-the-year-canada-301750775.html

SOURCE Hormel Foods Corporation

FAQ

What did Hormel Foods win in Canada?

Hormel Foods' Columbus® Charcuterie Tasting Board won the Appetizer Category at Product of the Year Canada.

When was the award announced?

The award was announced on February 20, 2023.

What is the significance of the Product of the Year award?

The Product of the Year award is based on consumer votes and recognizes product innovation and quality.

How much annual revenue does Hormel Foods generate?

Hormel Foods generates over $12 billion in annual revenue.

What is the ticker symbol for Hormel Foods?

The ticker symbol for Hormel Foods is HRL.

Hormel Foods Corporation

NYSE:HRL

HRL Rankings

HRL Latest News

HRL Stock Data

16.57B
291.24M
0.22%
88.02%
1.7%
Packaged Foods
Meat Packing Plants
Link
United States of America
AUSTIN