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Hormel Foods Corporation - HRL STOCK NEWS

Welcome to our dedicated page for Hormel Foods Corporation news (Ticker: HRL), a resource for investors and traders seeking the latest updates and insights on Hormel Foods Corporation stock.

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.

News

Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli Products

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HORMEL® NATURAL CHOICE® reintroduces Deli Roast Beef and Rotisserie Seasoned Deli Chicken Breast, both 100% natural*, additive-free, and delicious. The products are part of a wide-ranging portfolio of deli options, free of nitrates, nitrites, and preservatives. Available nationwide, the deli meats are carefully crafted to lock in natural flavor, offering exceptional taste and texture.
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Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs

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Hormel Foods (NYSE: HRL) announced the retirement of Jeff Grev, Vice President of Legislative Affairs, after a 40-year career with the company. Chad Randick, Director of Strategy, will succeed Grev in the role. Randick will be responsible for overseeing all state and federal legislative affairs and regulatory affairs. Jim Snee, Chairman, President, and CEO of Hormel Foods, praised Grev's contributions and leadership during his tenure.
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Applegate Farms LLC Announces $50,000 Support American Farmland Trust's Brighter Future Fund

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Applegate Farms partners with American Farmland Trust to donate $50,000 to support the Brighter Future Fund, providing $5,000 grants to diverse livestock farmers pursuing sustainable agriculture practices. The program aims to improve farm viability, access, and adopt regenerative agricultural practices. Applegate's commitment reflects a vision for a strong and competitive food system, supporting new farmers and ranchers facing challenges in the industry. The Brighter Future Fund grants help farmers access land, implement regenerative practices, and enhance profitability, contributing to long-term farm viability and community vitality. Grant applications open in July, with a focus on scaling up regenerative practices, strengthening local food systems, creating equity for underserved farmers, ensuring clean water and habitat, and improving farm resilience to climate change. Partners like Applegate play a important role in supporting farmers and ranchers in their vital work towards a regenerative future.
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With Summertime Parties on the Horizon, the Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray

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The makers of the HORMEL GATHERINGS® brand are introducing a new summer-themed Hard Salami & Pepperoni Tray, perfect for summer parties. The tray offers a convenient and delicious snacking option for various occasions, such as Fourth of July celebrations or casual gatherings with friends and family.
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Hormel Foods Seeking Nominations for 2024 Class of 10 Under 20 Food Heroes

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Hormel Foods is seeking nominations for the 2024 class of 10 Under 20 Food Heroes, recognizing young innovators driving positive change in the food system. The program offers support and resources to candidates under 20 years old residing in the US, fostering their growth as future leaders. Nominations are open until April 26, 2024, with award recipients invited to a celebration at the company's headquarters in Minnesota.
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MegaMex Foods Debuts DOÑA MARIA® Mole Rojo

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MegaMex Foods introduces DOÑA MARIA® Mole Rojo, a rich and authentic mole paste designed for foodservice operators. Made with premium ingredients like ancho and poblano peppers, peanuts, sesame seeds, and real chocolate, this paste offers a unique and flavorful addition to any dish. The resealable wide-mouth container and easy preparation process make it a convenient choice for operators looking to add complexity and depth to their menus. The inclusion of Mexican sauces like mole has shown to increase diner spending by 52 percent on entrees.
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Hormel Foods Seeking Nominations for 2024 Class of 10 Under 20 Food Heroes

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Hormel Foods launches the 10 Under 20 Food Heroes program to recognize young innovators making a positive impact on the food system. Nominations for the 2024 class are open until April 26, 2024. Winners will receive support, mentorship, and networking opportunities.
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PLANTERS® Brand Team Introduces New Flavor-Forward Innovation in Snack Nuts with Launch of PLANTERS® Nut Duos Snacks

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PLANTERS® introduces new Nut Duos snacks featuring unique combinations of nut types and flavors for an exciting snacking experience. The three variations include Buffalo Cashews and Ranch Almonds, Cocoa Cashews and Espresso Hazelnuts, and Parmesan Cheese Cashews and Peppercorn Pistachios. Each flavor combination is packed in a 5-ounce resealable bag and priced at $4.79. The product underwent extensive testing to ensure the most appealing flavor profiles for consumers.
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The Makers of the SPAM® Brand Send Aloha to Their Fans in Hawaii with Special Edition Collectors Can

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The SPAM® brand team collaborates with Hawaiian artist Kamea Hadar to create a -edition SPAM® Hawaiian Collectors Edition can as a tribute to the people of Hawaii. The can is available in Hawaii, at the SPAM® Museum in Austin, Minnesota, and online. The partnership aims to strengthen the bond between the brand and Hawaii.
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This is No Joke! The Makers of the PLANTERS® Brand Search for the Next Class of Peanutters

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PLANTERS® brand offers a unique opportunity to travel with MR. PEANUT® on the NUTmobile across America. They are seeking three Peanutters to represent the brand at events and engage with fans. The position is full-time, paid, and lasts from June 2024 to June 2025. Applicants must be college graduates with a passion for travel and nut-related puns.
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FAQ

What is the current stock price of Hormel Foods Corporation (HRL)?

The current stock price of Hormel Foods Corporation (HRL) is $30.86 as of January 23, 2025.

What is the market cap of Hormel Foods Corporation (HRL)?

The market cap of Hormel Foods Corporation (HRL) is approximately 16.7B.

What does Hormel Foods Corporation specialize in?

Hormel Foods specializes in the manufacture and marketing of consumer-branded food and meat products, including hams, bacon, sausages, canned luncheon meats, and salsas.

What are the main brands of Hormel Foods?

Hormel Foods' major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy, among others.

How has Hormel Foods performed recently?

Hormel Foods has shown strong performance recently, with significant volume growth across its segments and robust demand for its foodservice products.

What strategic initiatives is Hormel Foods currently undertaking?

Hormel Foods is focused on its transformation and modernization initiative, improving its supply chain, and expanding its product offerings through innovation.

How does Hormel Foods support sustainability?

Hormel Foods supports sustainability through packaging redesigns that reduce material usage and youth programs like the 10 Under 20 Food Heroes, fostering innovation in food sustainability.

What is the significance of the HORMEL® NATURAL CHOICE® packaging redesign?

The HORMEL® NATURAL CHOICE® packaging redesign reduces packaging material by 337,000 pounds annually and introduces a fresher look while maintaining product quality.

What is the newest product innovation by Hormel Foods?

Hormel Foods recently introduced HORMEL® Ribbon Pepperoni, designed to improve pizza preparation efficiency for foodservice operators.

How does Hormel Foods engage with young innovators?

Hormel Foods engages with young innovators through its 10 Under 20 Food Heroes program, offering mentorship, internships, and resources to young trailblazers in the food industry.

What are the financial highlights of Hormel Foods for the second quarter of fiscal 2024?

Hormel Foods reported strong financial results, with growth in the Foodservice and International segments, improved supply chain, and stable business volumes.

Where can I find more information about Hormel Foods?

More information about Hormel Foods can be found on their official website at www.hormelfoods.com.
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Hormel Foods Corporation

NYSE:HRL

HRL Rankings

#627 Ranked by Market Cap
#842 Ranked by Dividends

HRL Stock Data

16.69B
291.24M
0.22%
88.02%
1.7%
Packaged Foods
Meat Packing Plants
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United States of America
AUSTIN