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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 JENNIE-O turkey brand announced the return of its float, The Big Turkey Spectacular, at the 96th Macy's Thanksgiving Day Parade on November 24, 2022. This marks the third consecutive year of participation. The float, measuring 36 feet long, 25 feet wide, and 24 feet tall, features over 200 pounds of glitter and a motion-activated top hat with baby turkey figures. Singer Paula Abdul will perform her hit 'Straight Up' from the float. Throughout November, Jennie-O will provide consumer support for holiday meal planning via its hotline and online resources.
This holiday season, PLANTERS introduces limited-edition nut varieties, including new Butter Cinnamon Pecans and Cocoa Almonds, available at grocery stores nationwide starting November 2022. Customers can enter the brand's 'To All A Good Nut' sweepstakes for a chance to win $10,000 and a visit from the MR. PEANUT character and his Nutmobile by purchasing holiday varieties by Dec. 31, 2022. The initiative aligns with PLANTERS' tradition of being a centerpiece in holiday celebrations, enhancing festive gatherings.
Jennie-O has partnered with chef Carla Hall to honor school cafeteria staff in Knoxville, TN, through School Cafeteria Takeovers. This initiative, launched on Oct. 28, 2022, aims to celebrate these essential workers by providing them with a special meal and relaxation. Hall will lead cooking tutorials and offer amenities while Jennie-O supports the program with $25,000 allocated to schools in need. The brand's commitment includes serving over 5,000 school districts in the U.S., reinforcing its position as a leading turkey provider in K-12 nutrition.
Hormel Foods Corporation (NYSE: HRL) announced that its internship program has been recognized in the 2023 Vault Best Internships ranking, specifically for the retail and consumer products industry as well as top engineering roles. The program was evaluated based on various factors, including quality of life and career development. Hormel Foods aims to recruit summer interns for various facilities and offices. The company has a history of successfully converting interns to full-time employees, further showcasing its commitment to workforce development.
Hormel Foods Corporation (NYSE: HRL) has appointed Scott Aakre as the senior vice president of its new Brand Fuel center of excellence. This initiative aims to enhance consumer insights and innovation across its portfolio of over 30 brands. Following a recent operating model evolution, the Brand Fuel center will drive innovation, brand diagnostics, and support technology. Aakre brings 30 years of experience at Hormel, having previously led various marketing roles, and is recognized for the company's successful innovation efforts.
On October 12, 2022, the Jennie-O turkey brand announced a partnership with chef Carla Hall to celebrate school cafeteria staff through events in multiple cities. Hall will host 'School Cafeteria Takeovers' from October 2022 to May 2023, including visits to Knoxville, Los Angeles, Houston, and Detroit. The initiative will provide meals, baking tutorials, and $25,000 to support school cafeterias. Jennie-O is a leading provider of turkey to U.S. schools, serving over 5,000 districts and holding a significant share in top districts.
Hormel Foods Corporation (NYSE: HRL) appointed Katie Larson as senior vice president of human resources, effective October 10, 2022. With over 20 years at Hormel, Larson will lead the global HR function, continuing the company's commitment to a people-first strategy. Her experience includes roles in labor relations and diversity initiatives. Hormel Foods, based in Austin, Minnesota, generates over $11 billion in annual revenue and has been recognized as one of the World's Best Employers by Forbes.
Hormel Black Label is celebrating National Sausage Month by reviving its popular Little Sizzlers™ original pork sausages for a limited time this October. The sausages, beloved since 1968, will be available in a new 'stock up' 4-pound box for $19.99 at select Midwest retailers. Senior brand manager Samantha Hovland emphasized the nostalgic flavor and consumer demand behind this return. Hormel aims to cater to sausage lovers while maintaining the same recipe as before, encouraging fans to enjoy these classic sausages.
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