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.
Jennie-O Turkey Store, a subsidiary of Hormel Foods (HRL), will debut its float at the 94th Macy's Thanksgiving Day Parade on November 26, 2020. This marks the first turkey brand to participate in the event, expected to reach over 50 million viewers. Celebrating its 80th anniversary, Jennie-O aims to promote turkey as an everyday protein through cooking solutions and recipes. A social media campaign, 'Turkey Day Spectacular Sweepstakes,' will engage fans in creating homemade floats. Additionally, Jennie-O will offer a turkey preparation hotline starting November 2, 2020, to assist consumers during the holiday season.
Hormel Foods Corporation has appointed Pierre Lilly as the new senior vice president and chief compliance officer, effective immediately. Lilly, who has been with Hormel since 2016, previously led the internal audit function and has over 25 years of experience in governance, risk, and compliance. He will oversee compliance, risk, and ethics, ensuring adherence to laws and regulations globally. This strategic move aims to reinforce Hormel's commitment to integrity and compliance as the company continues to generate over $9 billion in annual revenue.
On October 15, 2020, Hormel Foods (HRL) set a GUINNESS WORLD RECORDS™ title for the most users in a pizza party video hangout with over 3,000 participants. The event was part of Hormel's Spirit Week, celebrating their team's efforts during the Covid-19 pandemic. The online party resulted in 907 photos uploaded, exceeding the requirement of 500. Hormel also donated $10,000 to the Pizza vs. Pandemic program to assist frontline healthcare workers. Hormel Foods is a leading provider of various pizza toppings, demonstrating community support while enhancing brand visibility.
Hormel Foods has launched a unique product, HORMEL™ BLACK LABEL™ Breathable Bacon, which is a bacon-scented face mask made from two-ply multi-fiber cloth. Available until October 28, consumers can win a free mask by visiting the official website. For every request, Hormel will donate a meal to Feeding America, up to 10,000 meals. This innovative product aligns with Hormel's focus on connecting with bacon lovers and enhancing brand experience. The company has been a leader in food innovations and maintains a strong market presence.
Hormel Foods Corporation (NYSE: HRL) announced participation in the Dine, Shop & Share for No Kid Hungry campaign, contributing funds to ensure children receive necessary meals for education. Hormel Foods will match donations up to $10,000 until Oct. 16, 2020. The campaign aims to support children facing hunger due to COVID-19, with every $1 donation providing up to 10 meals. Hormel Foods has donated over $50 million in cash and products in the last five years, demonstrating strong corporate responsibility.
Hormel Foods Corporation (NYSE: HRL) declared a quarterly dividend of 23.25 cents per share, to be paid on November 16, 2020. This will mark the 369th consecutive quarterly dividend paid since the company went public in 1928. Stockholders of record as of October 19, 2020 will receive this payment. Hormel has maintained regular dividend payments without interruption, reinforcing its stability and commitment to returning value to shareholders.
Hormel Foods has launched a promotional tour featuring its new Hormel™ Black Label™ Oven-Baked Egg Bites, with free samples available at various retail locations across the East Coast and Midwest. The tour kicks off on Sept. 28 in Flemington, N.J., and concludes on Oct. 23 in Homewood, Ill.. Hormel aims to engage consumers and express gratitude to healthcare workers during the ongoing pandemic. The Egg Bites, priced at $3.49, can be found at major retailers including Walmart and Shop Rite.
Hormel Foods Corporation (NYSE: HRL) released its 14th annual corporate responsibility report, detailing progress made in fiscal 2019. The company surpassed goals in reducing solid waste, water use, and nonrenewable energy by 10%. Hormel launched over 500 new products and conducted over 1,800 animal care audits. Recognized as a top corporate citizen, Hormel donated $7 million, focusing on combating hunger and education. The report adheres to Global Reporting Initiative standards, with a full report available online.
Hormel Foods has launched Hormel™ Black Label™ Oven-Baked Egg Bites and Hormel™ Black Label™ Breakfast Combos, targeting consumers seeking convenient, high-protein breakfast options. The egg bites come in three varieties, each rich in protein, with the Bacon version containing 16 grams per serving. Available in microwaveable trays, these products retail for $3.49. The Breakfast Combos feature pancakes paired with bacon or sausage, priced at $2.99. Both product lines aim to meet the increasing demand for quick and nutritious breakfast alternatives.
