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Hormel Foods Corporation - HRL STOCK NEWS

Welcome to our dedicated page for Hormel Foods Corporation news (Ticker: HRL), a resource for investors and traders seeking the latest updates and insights on Hormel Foods Corporation stock.

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.

News

Hormel Foods To Hold Virtual Annual Meeting of Stockholders

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Hormel Foods Corporation (NYSE: HRL) will hold its 2024 Annual Meeting of Stockholders virtually on January 30, 2024. The meeting is open to registered stockholders or beneficial owners of the company's common stock at the close of business on December 1, 2023. Following the business of the stockholder meeting, there will be a question-and-answer session. Gift boxes will be available for pick up at the SPAM® Museum for registered stockholders or beneficial owners of the company's common stock at the close of business on December 1, 2023, beginning January 31, 2024, while supplies last. Updates and further information will be available at https://investor.hormelfoods.com/ir-home/default.aspx.
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Hormel Foods Announces Retirement of Pat Schwab, Vice President of Retail Sales - East

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Hormel Foods Corporation (NYSE: HRL) announced the retirement of Pat Schwab, vice president of Retail Sales – East, and the appointment of Darren Carter, vice president of sales strategy, as his successor. Carter will oversee sales functions for retail customers in the Eastern half of the United States. The company expressed gratitude for Schwab's 37-year career and confidence in Carter's ability to lead the Eastern U.S. Retail sales team.
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"Ah Nuts!" The Makers of the Planters® Brand Announce New National Advertising Campaign

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Planters® nuts and snacks announced the launch of a new national ad campaign aimed at changing the negative connotation of the expression 'Ah nuts!' to a positive one. The campaign, developed in collaboration with BBDO MW, features four fast-paced, high-energy spots showing everyday mishaps followed by the exasperated cry of 'Ah, nuts!' The goal is to emphasize that Planters® nuts are always a joyful and positive snack. The campaign includes TV, radio, digital, and social channels, with more executions to be released in the coming months.
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Meet the Innovators: Tom Raymond

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Hormel Foods Corporation (HRL) Press Release: Tom Raymond, Director of Environmental Sustainability, Leading Company's Environmental Goals
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Hormel Foods Once Again Named Category Captain by Progressive Grocer

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Hormel Foods Corporation (NYSE: HRL) has been honored as a Category Captain by Progressive Grocer magazine for its exceptional performance in the grocery industry, specifically in the 'salty snacks/snack nuts' and 'refrigerated dinners' categories. Insights-led innovation, analytics, and strategic collaboration with retail partners have led to significant sales growth and volume for the company in 2023.
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Innovation From the Ground Up

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Fontanini Foods (FNTN) Wins Green Plant of the Year Award for Water and Energy Savings Innovations
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Hormel Foods Named to Drucker Institute Management Top 250 List of America's Best-Run Companies

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Hormel Foods Corporation (NYSE: HRL) has been named one of America's Best Run Companies on the 2023 Management Top 250 list. The company received a perfect score of 100 on the 2023 Corporate Equality Index and has received numerous awards and accolades, including being recognized as one of the Most Trustworthy Companies in America by Newsweek and one of the Most Admired Companies globally by Fortune. The Drucker Institute Management Top 250 List recognizes companies for their performance in customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength.
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The Farms of the Future

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Hormel Foods Corporation (HRL) explores the impact of new technologies on the future of farming, with insights from Ithaca College Assistant Professor Dominique Saint Malo. Global agricultural production has increased, but the use of agricultural land has peaked, leading to a new age of farming.
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HORMEL® Pepperoni is Making Spirits Bright This Holiday Season with the All-New Ultimate Pepperoni Bloody Mary Cocktail Kit

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Hormel Foods Corporation (HRL) introduces the Ultimate Pepperoni Bloody Mary Cocktail Kit, featuring a unique combination of pepperoni-flavored Bloody Mary mix, pickle pepper-flavored vodka, habanero and garlic hot sauce, pepperoni stix and chorizo, and pepperoni and dill pickle rim seasonings. The limited-edition kit is available for purchase starting on Dec. 11, 2023, at www.PepperoniShop.com for $100, with delivery by Dec. 21. Hormel Pepperoni is America's top-selling pepperoni brand, known for its exceptional taste and high-quality ingredients.
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Hormel Foods Earns Perfect Score of 100 on the Human Rights Campaign Foundation's 2023-24 Corporate Equality Index

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Hormel Foods Corporation (NYSE: HRL) achieves a perfect score of 100 on the 2023–24 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBTQ+ workplace equality. The company joins the ranks of 545 major U.S. businesses that also earned top marks this year. Hormel Foods is committed to ensuring a safe and equitable work environment for all of its team members, and the efforts in satisfying all CEI criteria earned the company a score of 100, making it a recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion.
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FAQ

What is the current stock price of Hormel Foods Corporation (HRL)?

The current stock price of Hormel Foods Corporation (HRL) is $30.88 as of January 24, 2025.

What is the market cap of Hormel Foods Corporation (HRL)?

The market cap of Hormel Foods Corporation (HRL) is approximately 16.9B.

What does Hormel Foods Corporation specialize in?

Hormel Foods specializes in the manufacture and marketing of consumer-branded food and meat products, including hams, bacon, sausages, canned luncheon meats, and salsas.

What are the main brands of Hormel Foods?

Hormel Foods' major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy, among others.

How has Hormel Foods performed recently?

Hormel Foods has shown strong performance recently, with significant volume growth across its segments and robust demand for its foodservice products.

What strategic initiatives is Hormel Foods currently undertaking?

Hormel Foods is focused on its transformation and modernization initiative, improving its supply chain, and expanding its product offerings through innovation.

How does Hormel Foods support sustainability?

Hormel Foods supports sustainability through packaging redesigns that reduce material usage and youth programs like the 10 Under 20 Food Heroes, fostering innovation in food sustainability.

What is the significance of the HORMEL® NATURAL CHOICE® packaging redesign?

The HORMEL® NATURAL CHOICE® packaging redesign reduces packaging material by 337,000 pounds annually and introduces a fresher look while maintaining product quality.

What is the newest product innovation by Hormel Foods?

Hormel Foods recently introduced HORMEL® Ribbon Pepperoni, designed to improve pizza preparation efficiency for foodservice operators.

How does Hormel Foods engage with young innovators?

Hormel Foods engages with young innovators through its 10 Under 20 Food Heroes program, offering mentorship, internships, and resources to young trailblazers in the food industry.

What are the financial highlights of Hormel Foods for the second quarter of fiscal 2024?

Hormel Foods reported strong financial results, with growth in the Foodservice and International segments, improved supply chain, and stable business volumes.

Where can I find more information about Hormel Foods?

More information about Hormel Foods can be found on their official website at www.hormelfoods.com.
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Hormel Foods Corporation

NYSE:HRL

HRL Rankings

#625 Ranked by Market Cap
#844 Ranked by Dividends

HRL Stock Data

16.94B
291.24M
0.22%
88.02%
1.7%
Packaged Foods
Meat Packing Plants
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United States of America
AUSTIN