Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods (NYSE: HRL) has announced significant leadership changes, with John Ghingo being promoted to president and Jeffrey M. Ettinger returning as interim CEO for 15 months, effective July 14, 2025. Ghingo, who will become the company's 11th president and join the board of directors, currently serves as executive vice president for Retail and brings 15 years of leadership experience from Mondelēz International. In his new role, he will oversee Retail, Foodservice, and International segments, along with global operations and corporate strategy. Ettinger, who previously served as the company's 9th president and CEO, will oversee corporate functions including finance, legal, and human resources during his interim period. The board plans to appoint a permanent CEO in October 2026.

The PLANTERS brand is marking the 90th anniversary of its iconic NUTmobile program with a modernized vehicle and three new Peanutters. The updated NUTmobile features innovative additions including a peanut door handle, neon-lit selfie station, and 360-degree exterior camera. The new Peanutter team consists of Aria Conte (Butler University graduate), Hudson Ritchie (University of Illinois alum), and Adleigh Mayes (Freed-Hardeman University graduate), who will embark on a year-long nationwide tour. Under the leadership of Patrick Horbas, PLANTERS marketing director, the team will continue the tradition of engaging with fans through interactive events and photo opportunities. The public can follow the NUTmobile's journey on Instagram and TikTok or visit the official website for event updates.

WHOLLY GUACAMOLE, America's leading refrigerated guacamole brand, has partnered with Tajín to launch a new Chile Lime flavor product. The innovative collaboration combines WHOLLY GUACAMOLE's signature creamy guacamole with Tajín Clásico Seasoning, targeting the growing demand for spicy flavors, particularly among Gen Z consumers, with 62% more likely to purchase spicy food items. Priced at $3.99-$4.49, the product includes two customizable Tajín seasoning sachets and will be available nationwide at retailers including Walmart, Albertsons, and Wegmans. The partnership leverages both brands' strengths, with WHOLLY being the #1 refrigerated guacamole brand and Tajín being the top-selling chile-lime seasoning in the U.S.

Hormel Foods (NYSE: HRL) reported its Q2 FY2025 results with net sales of $2.90 billion and organic net sales growth of 1%. The company achieved diluted earnings per share of $0.33 (adjusted EPS of $0.35) and operating income of $248 million. For the first half, net sales reached $5.89 billion with operating income of $477 million. Hormel narrowed its FY2025 guidance, projecting organic net sales growth of 2-3% and adjusted diluted EPS of $1.58-$1.68. Key highlights include strong performance from Applegate® brand, growth in Jennie-O® ground turkey, and double-digit growth in Mexican foods portfolio. The Planters® brand showed sequential improvement, while the company's international segment saw 7% net sales growth. Hormel also announced operational efficiency improvements through its Transform and Modernize initiative, expecting $100-150 million in benefits.

Hormel Foods (HRL) is launching its award-winning internship program, welcoming 95 students from 50 colleges and universities across the United States. The paid, full-time summer internships span various departments including sales, food science, engineering, and marketing. The program boasts an impressive 70% conversion rate of interns to full-time employees.

Led by Amy Sheehan, director of talent acquisition, the program offers hands-on business experience and opportunities to work directly with company leadership. In 2024, the program received recognition from Vault, earning a category award for "Best Internships for Engineering, Sales, Marketing and Communications."

The PLANTERS® brand and Miller High Life® have announced a collaboration to launch a limited-edition Bar Nut Mix, combining their iconic brands for a unique summer snack offering. The mix features seasoned peanuts and almonds with Cajun-style corn sticks, pretzel sticks, rice crackers, and garlic bread sticks.

This launch continues the partnership between the two brands, following their 2023 merchandise collaboration, the NUTmobile dive bar transformation, and the 2024 Ultimate Dive Bar Wedding featuring MR. PEANUT®. The product will be available exclusively on Amazon starting May 20, 2025, while supplies last.

Hormel Foods (NYSE: HRL) has declared a quarterly dividend of $0.29 per share, as authorized by its Board of Directors on May 19, 2025. The dividend will be paid on August 15, 2025, to stockholders of record as of July 14, 2025. This marks the company's 388th consecutive quarterly dividend payment, highlighting Hormel's remarkable track record of uninterrupted dividend payments since becoming a public company in 1928.

Hormel Foods (NYSE: HRL) has announced that Jeff Baker will become the new group vice president for Retail marketing at the end of fiscal 2025, succeeding Scott Aakre who is retiring. Baker, a 35-year veteran at Hormel, will be responsible for evolving the company's brand portfolio, enhancing its presence in snacking and entertaining, and driving growth in its food-forward portfolio.

Baker's extensive career at Hormel began in 1990, progressing through various roles in sales, product management, and marketing. His previous positions include vice president of marketing for Foodservice (2012), group vice president of Foodservice (2015), group vice president of Deli (2018), and his current role as group vice president of Retail marketing for Value-Added Meats (2022).

Hormel Foods (NYSE: HRL) announced the retirement of Scott Aakre, group vice president and chief marketing officer for Retail, after a 35-year career with the company. Aakre will retire at the end of fiscal 2025, with his responsibilities being transitioned internally. Simultaneously, he has been appointed to the Hormel Foods board of directors, effective May 15, 2025, expanding the board to 12 members. Aakre, who also serves on The Hormel Foundation board, will continue to contribute his expertise to the company through these board positions. The appointment allows Hormel Foods to maintain access to Aakre's extensive marketing experience and deep understanding of the company's brands.