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) is a Fortune 500 global branded food company based in Austin, Minnesota, known for protein-centric foods sold under brands such as PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS® and JENNIE-O®. The Hormel Foods news stream covers developments that affect its brand portfolio, financial performance and corporate strategy.
Investors and followers of HRL can use this page to monitor earnings announcements and outlook updates, including quarterly and full-year results, segment performance in Retail, Foodservice and International, and commentary on margins, input costs and strategic initiatives like the Transform and Modernize (T&M) program. Regulatory disclosures about restructuring plans, role reductions and other cost actions are also reflected in company news and related Form 8‑K filings.
News from Hormel Foods frequently highlights brand and product activity, such as new offerings from the HORMEL® MARY KITCHEN® brand, collaborations for SKIPPY® products with partners like Milk Bar®, and experiential marketing programs for the PLANTERS® brand, including the NUTmobile and Peanutter ambassador roles. These stories provide insight into how the company supports its brands, engages consumers and responds to demand for convenient, comfort-oriented foods and snacks.
Corporate updates also include leadership changes and governance milestones, such as appointments to executive roles, information about the annual meeting of stockholders and recognition from external organizations. Examples include being named to Fast Company’s Brands That Matter list and being recognized by U.S. News & World Report, Newsweek and TIME magazine for workplace quality, responsibility and overall performance.
By following this HRL news page, readers can track how Hormel Foods communicates its strategy, manages its portfolio of more than 30 brands and navigates market conditions across its retail, foodservice and international businesses.
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.
The makers of the JENNIE-O® turkey brand have announced that their 1-800-TURKEYS hotline will be available for the 17th consecutive year, starting Nov. 1. This service aims to support consumers with holiday meal planning and preparations. According to a recent survey, most people take up to two weeks to plan and cook their Thanksgiving meal, with some states like Delaware starting preparations as early as 17 days in advance.
The brand is offering several new resources this year, including:
- New menu ideas for various preferences and gathering sizes
- Nationwide turkey donations
- Participation in the 98th Macy's Thanksgiving Day Parade
Consumers can seek assistance through the hotline, live chat on jennieo.com/hotline/, or by texting "TURKEY" to 73876. JENNIE-O® offers a variety of turkey options, including fresh and frozen whole turkeys, turkey breasts, and their convenient OVEN READY™ products.
Hormel Foods has launched HORMEL® Pepperoni Confetti, a -time product featuring a unique ribbon shape designed for even distribution on pizzas and maximum flavor in every bite. This innovative twist on classic pepperoni is suitable for various uses, including pizzas, appetizers, and snacking straight from the bag.
Andrew McElroy, associate brand manager at Hormel Foods, emphasized the company's commitment to pushing flavor and creativity boundaries with this new product. HORMEL® Pepperoni Confetti is now available at select retailers for a time, offering consumers a new pepperoni experience that promises to make every bite a celebration.
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