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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.

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Hormel Foods and the SPAM® brand are sending resources to aid the wildfire relief efforts in Maui. They have donated over 264,000 cans of SPAM® products, with a retail value of more than $1,000,000. They have also created a specially designed T-shirt, with 100% of proceeds donated to relief efforts. Hormel Foods team members are raising money for the local food bank, with a match from the company.
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Hormel Foods Corporation (NYSE:HRL) announces a new program offering free college tuition for eligible team members in the United States. The program, in partnership with Workforce Edge, provides opportunities for team members to earn degrees and complete non-degree programs for free, including associates, bachelor's, and master's degrees with Capella University and Strayer University, as well as discounts on tuition at other colleges and universities. Hormel Foods has a long-standing commitment to education, also offering free college education to dependent children of team members through the Inspired Pathways program. The company's reputation as one of the most successful food companies worldwide, with numerous honors for integrity, philanthropy, and social responsibility, further solidifies its value as an employer.
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WHOLLY® AVOCADO, America's No.1 refrigerated guacamole and avocado brand, is celebrating National Avocado Day by giving 10 lucky fans a year's supply of their products and a $350 gift card. Olympic gold medalist Shawn Johnson East is partnering with the brand to promote their versatility and convenience. Fans can enter the giveaway by following the brand on Instagram, liking Shawn Johnson East's WHOLLY® AVOCADO reel, and participating in the 'not my hands' challenge using WHOLLY® AVOCADO products. WHOLLY® AVOCADO offers easy and tasty recipes for National Avocado Day, along with ready-to-serve avocado products in various varieties. The brand is available at retailers across the United States.
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Hormel Foods Corporation will be holding a webcast and conference call to discuss its third quarter financial results. The company will issue its earnings release on August 31, 2023, and the conference call will take place at 8 a.m. CT (9 a.m. ET). Interested parties can access the webcast and other information on the company's investor website.
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Jennie-O® turkey brand has chosen four U.S. schools as winners of the national School Cafeteria Takeover campaign. Each school will receive $25,000 for new kitchen equipment and essential supplies.
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Columbus Craft Meats announces new streaming series 'Search for the Perfect Bite' on YouTube, featuring culinary exploration and flavor adventures in San Francisco, Portland, and San Diego.
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Hormel Foods Corporation is expanding its educational benefits program for eligible team members in the United States. The program offers free associates, bachelor's, and master's degrees with Capella University and Strayer University, as well as tuition discounts at other colleges and universities. It also includes access to general education-level courses through Sophia Learning. Hormel Foods has a longstanding commitment to education and has been recognized as one of the Best Companies to Work For in America and one of the World's Most Admired Companies.
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Skippy® peanut butter varieties are now certified vegan by the Vegan Awareness Foundation. The brand's portfolio of vegan-certified products includes both creamy and Super Chunk® peanut butter in regular and natural varieties, as well as squeeze packs and no-sugar-added peanut butter spreads. Skippy® peanut butter is classified as 100% vegan.
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FAQ

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

The current stock price of Hormel Foods (HRL) is $28.73 as of February 26, 2025.

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

The market cap of Hormel Foods (HRL) is approximately 16.2B.

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.
Hormel Foods Corp

NYSE:HRL

HRL Rankings

HRL Stock Data

16.15B
290.89M
0.22%
88.02%
1.7%
Packaged Foods
Meat Packing Plants
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United States
AUSTIN