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 Corporation (NYSE: HRL) will host a conference call on November 24, 2020, at 9:00 a.m. CT to discuss its fourth quarter and full-year financial results. The earnings press release will be issued before the market opens on the same day. Interested participants can join via phone or webcast through Hormel's website. The company, based in Austin, Minn., boasts over $9 billion in annual revenue and is a member of the S&P 500 Index.
Hormel Foods Corporation (NYSE: HRL) has been recognized for its internship program, ranking 38th on Vault's 2021 list of 100 Best Internships. The company also secured positions on several other prestigious lists, including No. 18 for Employment Prospects and No. 4 for Sales & Marketing and Retail & Consumer Products Internships. The company adapted its program to provide virtual networking and exposure to different divisions during the pandemic, aiming for a higher full-time acceptance rate for interns. Over 11,000 interns participated in the survey that determined these rankings.
Jennie-O Turkey Store launches its 1-800-TURKEYS hotline on November 2, 2020, offering support for holiday turkey preparations. Consumers can access live chat and text messaging with specialists for cooking tips and meal ideas. The hotline will operate until November 29, 2020, and will feature consultations with chefs starting November 19. Additionally, Jennie-O introduces the Turkey Tracker feature, allowing customers to trace their turkeys back to their farms. With over 1,500 turkey products, Jennie-O aims to simplify holiday meal planning.
Hormel Foods Corporation (NYSE: HRL) announced the promotion of Paul Kuehneman and Eldon Quam to assistant controllers. Kuehneman will manage financial operations for the supply chain and Jennie-O Turkey Store, while Quam will oversee the Grocery Products and International segments. Both promotions are expected to bolster Hormel's financial capabilities. Kuehneman, with a long history at Hormel since 1993, previously served as CFO for Jennie-O Turkey Store. Quam, who joined in 1998, was involved with Oracle implementations and has held several key financial roles.
Hormel Foods Corporation (NYSE: HRL) has appointed Leslie Lee as the new vice president of digital experience, effective immediately. Lee, who has nearly 20 years of experience in consumer packaged goods marketing and digital strategy, will oversee the company's digital and e-commerce operations. This strategic hire follows significant growth in Hormel's online business. Lee takes over from Stephen Koven, who has left the company. Hormel Foods, with over $9 billion in annual revenue, continues to enhance its omnichannel presence to cater to evolving consumer preferences.
Hormel Foods has launched two new bacon products under the Hormel® Black Label® brand: Ranch Thick Cut Bacon and Classic Country Style Thick Cut Bacon. The Ranch flavor is hand-rubbed with ranch seasoning and naturally hardwood smoked, aiming to appeal to ranch lovers. The Classic Country Style Bacon is crafted with high-quality ingredients and smoked for over 10 hours, enhancing its flavor. Both products are available in 12-ounce packages at select Walmart and Spartan Nash locations. Hormel Foods reported over $9 billion in annual revenue, indicating strong market presence.
Hormel Foods Corporation (NYSE: HRL) announced the retirements of vice presidents Donnie Temperley and Tim Fritz, effective in spring 2021. Clint Walters and John Forsythe have been promoted to vice presidents of Refrigerated Foods and Grocery Products, respectively. The company also elevated Kari Pollak as the first female plant manager in Austin and Scott Clark to plant manager in Atlanta. CEO Jim Snee praised the retiring leaders for their contributions while expressing confidence in the incoming executives' ability to maintain operational excellence.
Hormel announced the launch of Ghost Reaper World's Hottest Chili with Beans, combining ghost and Carolina reaper peppers to create a spicy chili with over 3 million Scoville Heat Units. This limited-edition product will be available on Target.com starting Oct. 25, with sales while supplies last. The chili pack includes another can of Hormel Chili Hot with Beans for added variety. This launch aims to cater to heat enthusiasts and offers recipe inspirations for consumers.
