Hormel Foods Corp Stock Price, News & Analysis

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.

Justin's, a subsidiary of Hormel Foods (HRL), is launching new organic chocolate candy bars nationwide this summer. The Peanut Caramel Nougat Chocolate Candy Bars will be available in both Dark and Milk Chocolate varieties, offering USDA-certified organic and Non-GMO Project Verified options. The products will be sold in two formats: a 1.4 oz single-serve bar ($2.49-$2.79) and a 4.2 oz multi-serve pouch containing six mini-bars ($6.79-$7.49).

The launch aligns with growing consumer demand for healthier snacks, as health-conscious snackers increased by 14% between 2021-2024. The mini-size bars contain just 8 grams of sugar each. Distribution will begin at Sprouts Farmers Market, followed by Whole Foods Market in August 2025, with additional retailers to be added throughout the year.

The makers of CORN NUTS® brand (HRL) have launched their first-ever Partially Popped corn kernel varieties, combining the lightness of popcorn with their signature crunch. The new product line features three flavors: White Cheddar, Movie Theater Butter, and Kickin' Cheddar.

The limited launch is available at select 7-Eleven, Speedway and Circle K locations in 3-ounce bags, priced between $1.99-$2.49. The launch targets convenience store shoppers, who visit these stores an average of 266 times annually, offering a versatile snacking option for various occasions from road trips to gameday gatherings.

Hormel Foods (NYSE: HRL) has scheduled its second quarter earnings conference call for May 29, 2025, at 8 a.m. CT (9 a.m. ET). The company will release its earnings report before markets open on the same day. The conference call will feature key executives including Jim Snee (President and CEO), Jacinth Smiley (EVP and CFO), and John Ghingo (EVP, Retail). Investors and interested parties can access the webcast, replay, and related information through Hormel's investor website at http://investor.hormelfoods.com.

SPAM® brand has announced its first-ever film collaboration with Disney's upcoming live-action "Lilo & Stitch" movie, launching three limited-edition collectible cans featuring artwork from the film. The special cans, containing the classic SPAM® product, will be available at major retailers nationwide ahead of the movie's theatrical release on May 23, 2025.

The partnership includes a new TV commercial campaign starting May 5, with 15-second ads across streaming and online video platforms. The campaign celebrates both brands' shared connection to Hawaiian culture and family traditions, emphasizing themes of joy, creativity, and Ohana.

According to Daniel Kubiak, senior brand manager for SPAM® brand, this collaboration brings together two brands known for creating lasting family connections across generations. Fans can follow the collaboration on SPAM® brand's social media channels including Instagram, TikTok, and Facebook, as well as on SPAM.com.