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), a global leader in branded food production, maintains this dedicated news hub for investors and industry stakeholders. Access timely updates on earnings reports, strategic initiatives, and operational developments from this Fortune 500 company renowned for SPAM, Jennie-O, and Planters brands.
This resource consolidates official press releases, product innovation announcements, and market analysis relevant to Hormel's protein processing expertise and packaged food leadership. Users will find updates spanning three key areas: quarterly financial results, sustainability initiatives, and new product launches across retail and foodservice channels.
Bookmark this page to efficiently track Hormel's performance in the competitive food manufacturing sector, with updates on operational milestones, leadership changes, and supply chain developments. Our curated news selection enables informed analysis of this established player's market position and long-term growth strategies.
Hormel Foods (NYSE: HRL) reported Q1 fiscal 2025 results with net sales of $2.99 billion, showing 1% organic growth. The company achieved operating income of $228 million with a 7.6% margin, and diluted earnings per share of $0.31 ($0.35 adjusted).
Key highlights include strong performance of flagship brands like SPAM®, Applegate®, and Jennie-O® in retail, broad-based growth in foodservice premium offerings, and international expansion particularly in China. The Planters® business showed significant sequential market recovery.
For fiscal 2025, Hormel reaffirmed its organic net sales growth outlook of 1-3% and adjusted diluted EPS expectations of $1.58-$1.72. The company updated its diluted EPS guidance to $1.49-$1.63, reflecting a $0.02 loss from selling a non-core sow operation. The Transform & Modernize initiative is expected to deliver benefits of $100-150 million.
Hormel Foods has launched the new HORMEL GATHERINGS® Bold and Spicy Tray, featuring jalapeño pepperoni and spicy salami as its centerpiece items. The innovative snack tray combines bold flavors with high-quality ingredients, targeting spice enthusiasts and snack lovers.
The product features jalapeño-infused pepperoni and chorizo-inspired spicy salami, complemented by Pepper Jack and Mild Cheddar cheese. According to Rhonda Ihrke, brand manager at Hormel Foods, this launch aligns with growing consumer demand for spicier food options.
The Bold and Spicy Tray is currently available at super centers, with planned nationwide retail expansion in spring 2024.
Hormel Foods announced the launch of -edition Heart-to-Heart pizza kits featuring the brand's first-ever heart-shaped pepperoni slices for Valentine's Day 2025. The kits include all necessary ingredients for making pizza at home and allow customers to send personalized messages to their loved ones.
Starting February 4, 2025, customers can visit hormelheart-to-heart.com to submit personalized messages and enter for a chance to send a Heart-to-Heart kit to their loved ones. The kits will be released daily through February 11, 2025, while supplies last.
The initiative aims to help consumers celebrate Valentine's Day with pizza, which according to a 2020 Instacart survey, is the holiday's most popular meal. Hormel Pepperoni currently holds the position of No. 1 selling pepperoni brand in the United States, based on the latest 52-week Circana data.
Hormel Foods (NYSE: HRL) has announced its upcoming first quarter earnings conference call scheduled for Thursday, February 27, 2025, at 8:30 a.m. CT (9:30 a.m. ET). The company will release its earnings report before market open on the same day.
The conference call will feature presentations from key executives including Jim Snee (president and CEO), Jacinth Smiley (executive vice president and CFO), and John Ghingo (executive vice president, Retail). Interested parties can access the webcast and related information through the company's investor website at http://investor.hormelfoods.com.
Hormel Foods (NYSE:HRL) has announced key executive changes in its sales organization. Lynn Egner has been appointed as Vice President of Foodservice sales, following David Weber's advancement to group vice president, Foodservice. In this role, Egner will oversee the sales team and strategy for the Foodservice business segment, leading development and implementation of sales plans for foodservice and convenience channels.
Natosha Walsh will transition from her current position as vice president of marketing – Retail, Convenient Meals and Proteins to become Vice President of Retail sales – West. Walsh will be responsible for the company's retail sales strategy and execution with customers in the Western United States. CEO Jim Snee highlighted both executives' experience in developing customer relationships and their capabilities in driving strategic growth.
Hormel Foods (NYSE: HRL) announced the retirement of Mark Ourada, group vice president of Foodservice, after 37 years of service. Ourada played a key role in developing the company's $3.8 billion Foodservice segment, contributed to the PLANTERS® brand integration, and helped expand the convenience store channel.
David Weber, a 33-year company veteran and current vice president of Foodservice sales, will succeed Ourada. Weber brings 30 years of Foodservice experience and has demonstrated leadership in managing the Burke organization and integrating the Fontanini business acquisition.
Hormel Foods (NYSE: HRL) announced it will hold its 2025 Annual Meeting of Stockholders virtually on Tuesday, January 28, 2025, at 6 p.m. CST. The meeting is accessible to stockholders of record as of November 29, 2024. Stockholders can participate through virtualshareholdermeeting.com/HRL2025, with registration opening at 5:45 p.m. CST.
Participants will need a 16-digit control number from their proxy materials to vote and participate. The meeting will include a Q&A session, with questions accepted in advance through proxyvote.com and during the meeting. Non-stockholders can attend as guests but cannot vote or submit questions.
Following the meeting, registered stockholders can pick up gift boxes at the SPAM® Museum starting January 29, 2025, while supplies last. Gift boxes must be picked up in person by the stockholder with proper documentation.
Hormel Foods (NYSE: HRL) announced the retirement of Brian Johnson, vice president and corporate secretary, after a 30-year career with the company. Johnson, who serves as a key advisor to the company's Board of Directors, has been responsible for corporate governance, securities laws compliance, and financing matters. He also participates in the company's disclosure, compliance, and global impact committees.
Chairman, president and CEO Jim Snee praised Johnson's expertise, sound judgment, integrity, and dedication, highlighting his role as a trusted advisor to executives and the Board of Directors. Johnson and his wife Ann have been recognized for their contributions to the Austin, Minnesota community.
Hormel Foods (NYSE: HRL) and its joint-venture MegaMex Foods have committed over $2 million in disaster relief support for Southern California wildfire-affected communities. The company has donated more than 550,000 pounds of food products, equivalent to 460,000 meals, including ready-to-eat and shelf-stable products from brands like PLANTERS, SKIPPY, JUSTIN'S, and EMBASA.
The support package includes frozen and refrigerated products such as JENNIE-O OVEN READY turkeys, WHOLLY avocado minis, and COLUMBUS meats. The company's Foodservice division is supporting local restaurants providing free meals to first responders and displaced residents. Additionally, the Hormel Foods Charitable Trust and MegaMex Foods jointly donated $50,000 to the LA Unified School District Education Foundation's Emergency Relief Fund to assist affected students, faculty, and families.
Hormel Foods (NYSE: HRL) announced that Chairman, President and CEO James P. Snee will retire at the end of fiscal 2025 after 36 years with the company. A search committee has been formed to identify his successor, considering both internal and external candidates. After the succession, Snee will serve as a strategic advisor to the Board through fiscal 2025 and 18 months thereafter.
During Snee's eight-year tenure as CEO, the company expanded its protein-centric portfolio through key acquisitions including PLANTERS®, FONTANINI®, and CERATTI®. He led significant organizational changes including a new operating model and the Transform & Modernize growth initiative. Under his leadership, Hormel Foods maintained its dividend growth legacy, announcing its 59th consecutive annual dividend increase in November 2024.
The company's fiscal 2025 performance outlook remains unchanged.
