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 announces the launch of its Happy Little Plants® pepperoni style topping at select Papa Murphy's locations. This new plant-based option caters to the growing consumer demand for healthier food choices without sacrificing taste. Developed in collaboration with chefs and foodservice operators, the topping maintains a traditional pepperoni flavor profile. The launch will occur in cities including Austin, Dallas, and Las Vegas. Hormel continues to expand its plant-based offerings, having introduced the Happy Little Plants® brand in 2019.
Hormel Foods has launched the inaugural "10 Under 20 Food Heroes Awards" to honor ten remarkable youths working for a sustainable food system. Celebrated during the company's Spirit Week from Sept. 14-18, the awards ceremony replaces the Small Change Big Impact Food Summit at Harvard University, postponed due to COVID-19. Awardees will receive grants to support their initiatives against food insecurity and environmental protection. Hormel also recognized 19-year-old Joshua Williams for his charitable work, which has assisted over 600,000 individuals.
The HERDEZ® brand, known as the top-selling salsa brand in Mexico, has launched a new line of refrigerated guacamole featuring authentic flavors and simple ingredients. Debuting in the U.S., the HERDEZ™ Traditional Guacamole line is made with seven ingredients, including Hass avocados and fresh vegetables, and comes in Mild and Spicy varieties. Priced between $2.64 and $5.99, it aims to cater to the growing avocado consumption in American households. This new product will be available nationwide in grocery store deli sections.
Hormel Foods Corporation will participate in the Barclays Global Consumer Staples Virtual Conference on September 8, 2020, at 2:00 p.m. ET. Key executives, including Jim Snee (CEO) and Jim Sheehan (CFO), will present and engage in a fireside chat. Investors can access the live webcast via the company's website. A replay will be available for 180 days post-event. Hormel, known for brands like SPAM® and SKIPPY®, generates over $9 billion in annual revenue across more than 80 countries.
Hormel Foods has launched the Inspired Pathways program, aimed at providing college education opportunities for the dependent children of its team members. This initiative will commence in the 2021-2022 academic year, partnering with community colleges where the company operates. Designed to be inclusive, it requires only high school graduation and meeting community college entry criteria. The program also includes mentorship and career development support. This follows the success of the Hormel Foundation Austin Assurance Scholarship, affirming Hormel's commitment to educational equality.
Hormel Foods Corporation (NYSE: HRL) reported its third-quarter fiscal 2020 results, showcasing a record net sales of $2.4 billion, up 4% year-over-year. Volume increased by 4% to 1.2 billion lbs., while diluted earnings per share remained flat at $0.37. Despite a 1% decline in pretax earnings to $259 million and an 11% drop in operating margin, cash flow from operations surged by 59%. The company faced approximately $40 million in incremental supply chain costs due to COVID-19. Outlook remains cautious due to uncertain foodservice recovery but anticipates continued strength in retail.
Hormel Foods Corporation (HRL) will release its third quarter financial results on August 25, 2020, before the market opens. A conference call is scheduled for 9:00 a.m. CT (10:00 a.m. ET) to discuss the results, featuring CEO Jim Snee and CFO Jim Sheehan. Investors can access the live webcast on the company's website.
Hormel Foods, based in Austin, Minn., generates over $9 billion in annual revenue, boasting popular brands like SKIPPY and SPAM.
