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.
PLANTERS® is accepting applications for three Peanutter positions, offering a unique full-time job opportunity from June 2025 to June 2026. The role involves traveling across the country in the iconic 26-foot-long NUTmobile as brand ambassadors, participating in parades, community events, and grand openings.
The position includes a competitive compensation package with travel expenses, health insurance, and meal stipends. Successful candidates must be college graduates with a bachelor's degree, preferably in communications, marketing, advertising, public relations, or related fields. Applications, including a resume and short video, must be submitted by February 14.
Previous Peanutters have participated in significant events, including tree lightings, professional football games, and national commercials. The role represents the fourth class of Peanutters for the brand, continuing its tradition of spreading brand awareness through unique promotional activities.
Hormel Foods (NYSE: HRL) has appointed Mike Clausman as vice president, deputy general counsel and assistant secretary. In this new role, Clausman will be responsible for overseeing legal support across various critical areas including brand and business growth initiatives, commercial transactions, mergers and acquisitions, and intellectual property. He will report to Colleen Batcheler, senior vice president external affairs & general counsel.
Hormel Foods (NYSE: HRL) reported its fiscal 2024 results with net sales of $11.9 billion and operating income of $1.1 billion. The company achieved record operating cash flow of $1.3 billion and delivered diluted earnings per share of $1.47 (adjusted $1.58).
For Q4 2024, the company reported net sales of $3.1 billion and operating income of $294 million. The Transform and Modernize (T&M) initiative generated $75 million in operating income benefits. The company announced a 3% dividend increase, marking its 59th consecutive year of dividend growth.
Looking ahead to fiscal 2025, Hormel expects net sales between $11.9-12.2 billion and adjusted diluted EPS of $1.58-1.72, with anticipated T&M benefits of $100-150 million.
Hormel Foods (NYSE: HRL) announced a 3% increase in its annual dividend, raising it from $1.13 to $1.16 per share. This marks the company's 59th consecutive annual dividend increase. The first quarterly dividend of $0.29 per share will be paid on February 18, 2025, to stockholders of record as of January 13, 2025. This represents the 386th consecutive quarterly dividend since becoming public in 1928. Hormel Foods, with approximately $12 billion in annual revenue across 80+ countries, continues its uninterrupted dividend payment history.
JENNIE-O has partnered with NBC's 'The Tonight Show Starring Jimmy Fallon' to donate 15,000 turkeys to Food Bank For New York City, bringing their total holiday turkey donations to over 30,000. The initiative included nine semi-trucks transporting turkeys from Minnesota to New York, along with 1,000 HORMEL CURE 81 Hams.
Additional donations include 2,000 turkeys in partnership with the Minnesota Wild and 3,500 turkeys during the Hometown Turkey Takeover in Austin, Minnesota. The brand will also participate in the Macy's Thanksgiving Day Parade for the fifth consecutive year, featuring T-Pain performing on their turkey float.
Jennie-O, a leading turkey brand in the United States, will showcase its Big Turkey Spectacular float in the 98th Macy's Thanksgiving Day Parade® for the fifth consecutive year. GRAMMY winner T-Pain will perform a mashup of his #1 hits on the float. The spectacular 36-foot-long float features over 200 pounds of sparkles, 25-foot-wide tail feathers, and a motion-activated top hat revealing baby turkey figures. The parade will air on NBC and stream on Peacock on November 28. Jennie-O will also provide holiday meal planning support through their 1-800-TURKEYS hotline, website chat, and text service until December 1.
Hormel Foods has announced the recipients of the 2024 Hormel Heroes Scholarships. This initiative, started in 2019, awards $10,000 scholarships to students with military backgrounds pursuing degrees in culinary arts or foodservice management. This year’s winners are Vergie Terrell and Jorge Mendez. To date, the program has provided $180,000 to 13 students. Terrell, an active U.S. Army member and junior at Houston Community College, aims to establish her own foodservice business. Mendez, a U.S. Army Reserve member and junior at New Mexico State University, aspires to open his own restaurant. The scholarships are administered by the National Restaurant Association Educational Foundation (NRAEF), which has awarded over $27 million in scholarships over the past 37 years.
Hormel Foods (NYSE: HRL) has scheduled its fourth quarter and full-year financial results conference call for December 4, 2024, at 8 a.m. CT. The earnings release will be issued before market open. Key executives, including CEO Jim Snee, CFO Jacinth Smiley, EVP Retail John Ghingo, and VP Corporate Development Nathan Annis, will discuss financial results and the company's transform and modernize initiative. The webcast and replay will be available on the company's investor website.
Hormel Foods has been recognized on Military Times' 2024 Best for Vets employer list for the 12th consecutive year. The recognition highlights the company's commitment to recruiting, retaining, and supporting current and former service members, military spouses, and caregivers. The evaluation process involves an unbiased analysis of companies' recruitment practices, employment initiatives, and support programs.
Richard Carlson, vice president of Quality Management and executive sponsor of HMVET, emphasized the company's long-standing military support through active recruitment and food supply services. The company's HMVET employee resource group assists military members and their families with company integration while maintaining camaraderie throughout their careers.
Hormel Foods has been recognized by Vault as having one of the nation's top 150 internship programs, particularly excelling in Engineering, Sales, Marketing, and Communications categories. The company welcomed nearly 100 college students this year, focusing on providing an inclusive and meaningful experience. Vault's recognition was based on a survey of over 20,000 interns who rated experiences in areas including career development, employment prospects, quality of life, compensation, diversity, and interview process.
The company maintains a remarkable 70% conversion rate of interns to full-time positions after graduation, demonstrating its commitment to talent development and career advancement opportunities.
