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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.
The makers of HORMEL® Chili, America's No. 1 selling chili brand, have announced the return of their -edition HORMEL® Ghost Reaper World's Hottest Chili with Beans. This seasonal favorite combines classic chili with beans infused with two of the world's hottest peppers — ghost and Carolina — delivering an intensely spicy experience. The chili boasts over 3 million Scoville Heat Units, making it the hottest chili in the brand's history.
Each 15-ounce can is priced at a suggested retail price of $2.98. Jason Hron, brand manager for HORMEL® chili, emphasizes the extreme heat and flavor of the product, suggesting it as an addition to chili cheese dip for gameday gatherings. The HORMEL® Ghost Reaper World's Hottest Chili with Beans is now available at select Walmart stores while supplies last.
The makers of COLUMBUS® Craft Meats have introduced seven new products to enhance holiday entertaining and snacking options. The lineup includes two new Charcuterie Trios, Craft Nuts, and a new Tasting Board. They're also reintroducing the fan-favorite Secchi Salami.
New products include the Rustic Charcuterie Trio and Bold Charcuterie Trio, featuring different combinations of cured meats. The brand has also launched four varieties of COLUMBUS™ Craft Nuts, including Parmesan Rosemary Marcona Almonds and Hot Honey Mezcal Cashews.
The new COLUMBUS® Tour of Italy Tasting Board offers a selection of Italian craft meats, cheeses, and accompaniments. The reintroduced COLUMBUS® Secchi Salame is an ultra-premium salami featuring crushed peppercorns and burgundy wine flavors.
HORMEL® BLACK LABEL® Bacon has launched a revolutionary new product: OVEN READY™ Thick Cut Bacon with Oven Safe Tray. This patent-pending innovation offers a convenient, mess-free way to prepare bacon without the need to handle raw meat or clean up afterwards. The process is simple: place the tray in a preheated oven, cook for 20 minutes, and discard the tray.
Aly Sill, senior brand manager, emphasizes the product's convenience and the brand's commitment to innovation. The OVEN READY™ Thick Cut Bacon delivers eight perfectly cooked slices every time, making it ideal for breakfast, snacks, or as a topping. It's now available at select retailers nationwide, with plans for expansion in 2025.
For more information on products, recipes, and where to buy, consumers can visit www.BlackLabelBacon.com or follow @blacklabelbacon on social media platforms.
Hormel Foods (NYSE: HRL), a Fortune 500 global branded food company, has announced its quarterly dividend. The Board of Directors has authorized a dividend of 28.25 cents ($0.2825) per share on September 23, 2024. This dividend will be paid on November 15, 2024, to stockholders of record at the close of business on October 15, 2024.
This upcoming payment marks the 385th consecutive quarterly dividend paid by Hormel Foods. The company has maintained an uninterrupted record of paying regular quarterly dividends since becoming a public company in 1928, showcasing its commitment to consistent shareholder returns.
Hormel Foods (NYSE: HRL) has elected Debbra Schoneman, president of Piper Sandler Companies, to its Board of Directors, effective September 21, 2024. Schoneman joins the Audit and Governance Committees of the board. With 34 years of experience at Piper Sandler, including roles as president and CFO, she brings extensive expertise in finance and corporate development.
Jim Snee, chairman, president, and CEO of Hormel Foods, expressed enthusiasm about Schoneman's addition to the board, highlighting her potential contribution to the company's ongoing transformation and growth. Schoneman's background includes board service in public, private, and philanthropic sectors, including her current roles on the Allina Health board and the University of St. Thomas board of trustees.
The makers of the Jennie-O® turkey brand have released their 2024 Thanksgiving survey results, offering insights into American holiday preparations and preferences. The survey, conducted by Talker Research, polled 5,000 consumers across the U.S. Key findings include:
- 70% of Americans have celebrated Thanksgiving traditions for over 20 years
- 66% prefer baked turkey, with 63% opting not to brine
- Top side dishes include stuffing (77%), rolls/biscuits (66%), and mashed potatoes (60%)
- 96% enjoy Thanksgiving leftovers, with 44% using turkey in sandwiches
Starting Nov. 1, Jennie-O will offer expert advice through their 1-800-TURKEYS hotline, live chat, and text service until Nov. 28. The brand aims to support consumers with turkey preparation, recipes, and leftover ideas to ensure a successful holiday meal.
Jennie-O®, a renowned turkey brand, has released its 2024 Thanksgiving survey results, offering state-by-state insights into American holiday traditions. The survey, conducted by Talker Research, polled 5,000 consumers across the U.S. Key findings include:
- 70% of Americans have celebrated their Thanksgiving traditions for over 20 years
- Most people take up to two weeks for planning and three days for food preparation
- 66% prefer baked turkey, with 63% opting not to brine
- Popular sides include stuffing (77%), rolls/biscuits (66%), and mashed potatoes (60%)
- 96% enjoy leftovers, with 44% using turkey in sandwiches
Jennie-O® offers support through their 1-800-TURKEYS hotline, live chat, and text services from Nov. 1-28. The brand provides online resources for meal planning, turkey preparation, and leftover recipes to ensure a successful Thanksgiving celebration.
WHOLLY® GUACAMOLE, America's top refrigerated guacamole brand, released a survey on National Guacamole Day revealing key insights into football fans' game day rituals. The survey, conducted by Toluna, found that 50% of football fans consider guacamole or dips their go-to game day snack.
Key findings include:
- 31% eat the same food as a game-day ritual
- 40% are more likely to watch a game with friends if they like the snacks
- 67% stress-eat salty items like chips and guacamole during intense plays
- 60% prefer store-bought snacks over homemade
- 58% prioritize taste when selecting game day food
WHOLLY® GUACAMOLE offers convenient, preservative-free options for both individual fans and large gatherings, available at major retailers nationwide.
MegaMex Foods has expanded its WHOLLY® Guacamole portfolio for foodservice operators with three new flavors: Jalapeño Garlic, Serrano Lime, and Cilantro Lime. These join the existing Classic and Southwest varieties, bringing the total to five pre-made guacamole options. The expansion responds to a Technomic study showing that 50% of operators value simplicity in using pre-made guacamole.
All WHOLLY® Guacamole products are made with 100% real Hass avocados, contain no artificial colors or flavors, and are fresh and ready to serve. The new flavors come in a 12/1 lb. case pack. This product line extension aims to provide foodservice operators with more versatile options for appetizers, toppers, and ingredients in various dishes.
The makers of SPAM® have launched a new -edition SPAM® Gochujang flavored variety, inspired by the popular Korean condiment. This new flavor combines spicy, sweet, smoky, and umami tastes, making it versatile for various dishes. The product is exclusively available in an eight-pack at Costco Wholesale Warehouses, while supplies last.
Gochujang, a fermented spicy red chili paste, is a staple in Korean cuisine. The new flavor aims to celebrate the love Korean-Americans have for the SPAM® brand. Jennesa Kinscher, senior brand manager for SPAM®, states that this new variety offers approachable heat while maintaining the versatility and convenience associated with SPAM® products.
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