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Hormel Foods Corp - HRL STOCK NEWS

Welcome to our dedicated page for Hormel Foods news (Ticker: HRL), a resource for investors and traders seeking the latest updates and insights on Hormel Foods 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 INSPIRES FAN SNACKING FOR THE BIG GAME WITH HORMEL® CHILI BOARD

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Hormel Foods Corporation (NYSE: HRL) is capitalizing on the trend of food boards by introducing the HORMEL® Chili Board, just in time for the Big Game. The company aims to show football fans how to elevate their Big Game parties with regional specialties from Kansas City and San Francisco, featuring the Hormel® Chili brand.
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Hormel Foods Announces the Advancement of Matt Schrupp to Vice President of Supply Chain Operations for Jennie-O Turkey Store

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Hormel Foods Corporation (NYSE: HRL) has promoted Matt Schrupp to vice president of supply chain operations for Jennie-O Turkey Store, overseeing supply chain operations, live production team, and commodity sales function. Steve Lykken, group vice president of supply chain, praised Schrupp's extensive operations knowledge and leadership, highlighting his potential to position Jennie-O Turkey Store as an industry leader.
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Hormel Foods Corporation to Hold First Quarter Earnings Conference Call

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Hormel Foods Corporation (NYSE: HRL) will host a webcast and conference call to discuss its first quarter financial results on February 29, 2024. The call will feature Jim Snee, chairman of the board, president and CEO, Jacinth Smiley, executive VP and CFO, and Deanna Brady, executive VP of Retail. The earnings release will be issued before the markets open, with the call scheduled for 8 a.m. CT (9 a.m. ET). Interested parties can access the webcast, replay, and other event information on the Company's investor website.
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Hormel Foods Announces the Retirement of Mark Coffey, Group Vice President of Supply Chain, and the Advancement of Steve Lykken

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Hormel Foods Corporation (NYSE: HRL) announced the retirement of Mark Coffey, group vice president of supply chain, and the advancement of Steve Lykken, group vice president of Jennie-O Turkey Store, to group vice president of supply chain. Lykken will lead the company's One Supply Chain organization, including procurement, manufacturing, engineering, logistics, research and development, quality management, and plant operations. Jim Snee, chairman of the board, president, and CEO at Hormel Foods, expressed gratitude for Coffey's leadership and welcomed Lykken's experience and vision for operational excellence.
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The Makers of the HERDEZ® Brand Announce Partnership with LPGA Golfer Megan Khang

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HERDEZ® brand salsa, the No. 1 selling salsa brand in Mexico, has partnered with LPGA Tour member Megan Khang, who has 37 top-10 finishes in her career and has represented Team USA at the Solheim Cup. The partnership is a result of Khang's love for Mexican food and her positive attitude.
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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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FAQ

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

The current stock price of Hormel Foods (HRL) is $29.65 as of February 21, 2025.

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

The market cap of Hormel Foods (HRL) is approximately 15.8B.

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 Corp

NYSE:HRL

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HRL Stock Data

15.84B
290.89M
0.22%
88.02%
1.7%
Packaged Foods
Meat Packing Plants
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United States
AUSTIN