Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods (NYSE: HRL) announced a corporate restructuring on Nov. 4, 2025 to align resources with strategic priorities and support long-term growth. The plan includes a voluntary early retirement program, closure of many open roles and reductions across the office-based workforce, expected to eliminate approximately 250 corporate and sales positions. The company expects restructuring charges of $20–$25 million, mainly for one-time pension benefits, cash severance, stock compensation and employee benefit costs, with most charges incurred in Q4 fiscal 2025 and Q1 fiscal 2026. Management said resources will be redirected toward technology, innovation, food safety and people capabilities to strengthen brands and improve efficiency.

Jennie-O (HRL) will feature its Big Turkey Spectacular float in the 99th Macy's Thanksgiving Day Parade on Thursday, Nov. 27, 2025, marking the brand's sixth consecutive year in the Parade.

Multi‑award‑winning artist Shaggy will perform a mashup of his hits on the Jennie-O float. The float measures 36 ft long, 25 ft wide, and 24 ft tall, uses >200 pounds of glitter, has 25‑ft tail feathers engineered to release confetti, and includes a motion‑activated top hat that reveals poults.

The Parade airs on NBC and Peacock starting at 8:30 a.m. in all time zones. Jennie‑O is also launching a "Thanksgiving Roots and Recipes" campaign based on a 5,000‑respondent survey and offering holiday help via 1-800-TURKEYS and live chat.

Hormel Foods (NYSE: HRL) was again recognized by Vault as having one of the top 150 internship programs in the U.S. for its multi-year summer internship. The program was ranked in Consumer and Industrial Products, Engineering, and Sales, Marketing and Communications.

Hormel Foods reported it hosted nearly 100 college students from 50 universities and said it typically converts at least 70% of interns to full-time team members. Vault’s ranking used intern surveys on career development, employment prospects, quality of life, and compensation.

Hormel Foods (NYSE: HRL) announced the planned retirement of PJ Connor, group vice president of Retail sales, to coincide with his 30-year anniversary with the company this spring. The company named Natosha Walsh, vice president of Retail sales – West and a 26-year company veteran, as Connor's successor upon his retirement. Leadership praised Connor's role in transformation initiatives, team development and retail partnerships, and highlighted Walsh's experience across sales, trade management, category management, supply chain and brand management.

The announcement emphasizes continuity through an internal successor with deep company experience and a stated focus on maintaining retail relationships and driving performance.

Hormel Foods (NYSE: HRL) named Paul Kuehneman interim CFO and controller, effective Oct 27, 2025, while conducting a CFO search.

The company expects fourth-quarter fiscal 2025 net sales toward the top of prior guidance but now anticipates adjusted EPS to be $0.08–$0.09 below prior expectations. Hormel cited persistent commodity inflation, HPAI and pneumovirus impacts in poultry, a peanut-butter plant fire in Little Rock (production to resume early Q1 FY2026), and a voluntary Class 1 chicken-product recall. The company expects non-cash impairment charges mainly in International and snack nuts and will report final results in early December.

Hormel Foods (NYSE: HRL) and Forward Consumer Partners announced a definitive agreement dated Oct. 28, 2025 to establish a strategic partnership that will make the Justin's branded business a standalone company.

Under the deal, the new company will be owned 51% by Forward and 49% by Hormel; the transaction is expected to close by the end of the calendar year. Founder Justin Gold will return as strategic advisor and board member, Peter Burns will return as CEO, and Matt Leeds will become chairman of the board. Financial advisors for the deal were named for both parties.

Hormel (NYSE: HRL) and Frank's RedHot announced a limited-edition BLACK LABEL Frank's RedHot flavored bacon, available for a short time starting Oct 28, 2025. Each hardwood-smoked strip combines smoky bacon with Frank's signature heat.

The launch includes a social campaign, the #OnEverythingChallenge, and a livestream tasting hosted by pro football running back Aaron Jones on Instagram on Nov 11, 2025. Fans can submit combos via @blacklabelbacon for a chance to be featured.

Hormel Foods (NYSE: HRL) announced a voluntary Class 1 recall on Oct 25, 2025 for 215,258 cases (4,874,815 pounds) of HORMEL® FIRE BRAISED products bearing establishment number P-223 distributed to U.S. foodservice customers because they may contain extraneous metal material. No other Hormel products are affected and no illnesses or injuries have been reported. The recall covers specific item codes and label dates across multiple SKUs; affected customers have been notified. The action is being conducted with knowledge of the Food Safety and Inspection Service (FSIS).

PLANTERS (NYSE: HRL) reintroduced its limited-edition PLANTERS Special Reserve peanuts on Oct. 22, 2025 for National Nut Day. The seasonal product features extra-large, red-skin peanuts grown on a small acreage in Virginia, roasted for a balance of salt, crunch and creaminess. The 13-ounce aluminum containers carry a suggested retail price of $8.99 and are available at select Albertsons stores and online at Amazon while supplies last.