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.
WHOLLY® GUACAMOLE, America's top refrigerated guacamole brand, released a survey on National Guacamole Day revealing key insights into football fans' game day rituals. The survey, conducted by Toluna, found that 50% of football fans consider guacamole or dips their go-to game day snack.
Key findings include:
- 31% eat the same food as a game-day ritual
- 40% are more likely to watch a game with friends if they like the snacks
- 67% stress-eat salty items like chips and guacamole during intense plays
- 60% prefer store-bought snacks over homemade
- 58% prioritize taste when selecting game day food
WHOLLY® GUACAMOLE offers convenient, preservative-free options for both individual fans and large gatherings, available at major retailers nationwide.
MegaMex Foods has expanded its WHOLLY® Guacamole portfolio for foodservice operators with three new flavors: Jalapeño Garlic, Serrano Lime, and Cilantro Lime. These join the existing Classic and Southwest varieties, bringing the total to five pre-made guacamole options. The expansion responds to a Technomic study showing that 50% of operators value simplicity in using pre-made guacamole.
All WHOLLY® Guacamole products are made with 100% real Hass avocados, contain no artificial colors or flavors, and are fresh and ready to serve. The new flavors come in a 12/1 lb. case pack. This product line extension aims to provide foodservice operators with more versatile options for appetizers, toppers, and ingredients in various dishes.
The makers of SPAM® have launched a new -edition SPAM® Gochujang flavored variety, inspired by the popular Korean condiment. This new flavor combines spicy, sweet, smoky, and umami tastes, making it versatile for various dishes. The product is exclusively available in an eight-pack at Costco Wholesale Warehouses, while supplies last.
Gochujang, a fermented spicy red chili paste, is a staple in Korean cuisine. The new flavor aims to celebrate the love Korean-Americans have for the SPAM® brand. Jennesa Kinscher, senior brand manager for SPAM®, states that this new variety offers approachable heat while maintaining the versatility and convenience associated with SPAM® products.
In celebration of National Peanut Day on Sept. 13, the makers of PLANTERS® brand are launching PLANTERS® Special Reserve peanuts. These -edition peanuts, hand-cooked and seasoned, are cultivated on 150 acres in Virginia, making them larger and more flavorful than standard peanuts. Packaged in a collector's edition box, they are available exclusively at mrpeanutspecialreserve.com for $19.06 starting 9 a.m. (EDT) on Sept. 13. A quantity will also be available at Walmart.com and Amazon.com for $9.98. These premium peanuts offer a balanced flavor profile of salt, crunch, and creaminess, honoring the legacy of MR. PEANUT®. For more information, visit Planters.com.
HORMEL® Pepperoni, America's No. 1 pepperoni brand, is launching a campaign for National Pepperoni Pizza Day on September 20, 2024. Starting September 4, fans can visit www.PepperoniTimeOff.com to declare their intention to take 'Pepperoni Time Off' (PTO) and enter for a chance to win the Ultimate HORMEL® Pepperoni Pizza Vacation to New York City or Chicago during National Pizza Month in October.
The campaign encourages fans to fully enjoy HORMEL® Pepperoni pizza without interruptions. Participants can share their PTO news on social media using #PepperoniTimeOff for more chances to win. HORMEL® Pepperoni offers various shapes, sizes, and flavors, including original, Cup N' Crisp, and Confetti, to cater to different pepperoni cravings and occasions.
Hormel Foods (NYSE: HRL) reported third quarter fiscal 2024 results, with net sales of $2.90 billion and diluted net earnings per share of $0.32. The company delivered better-than-expected earnings and saw growing benefits from its transform and modernize initiative. Key highlights include:
- Volume of 1.02 billion lbs
- Operating income of $237 million; adjusted operating income of $267 million
- Cash flow from operations of $218 million
Hormel updated its fiscal year 2024 outlook, narrowing the expected diluted net earnings per share range to $1.45 to $1.51 and adjusting the net sales range to $11.8 billion to $12.1 billion. The company continues to focus on executing strategic priorities across its Retail, Foodservice, and International segments.
The makers of HORMEL® BLACK LABEL® Bacon are launching the category's first-ever co-branded bacon in partnership with CINNAMON TOAST CRUNCH™ cereal. This -edition product features thick-cut bacon hand-rubbed with CINNADUST™ seasoning blend, offering a unique sweet and savory flavor combination. BLACK LABEL® CINNAMON TOAST CRUNCH™ Bacon will be available starting September 16 at select Walmart locations, followed by select Kroger stores.
This collaboration brings together two brands with passionate fanbases, aiming to deliver a craveable product suitable for various eating occasions. The makers of HORMEL® BLACK LABEL® Bacon plan to continue introducing unexpected partnerships and -time products in 2025 and beyond.
Hormel Foods (NYSE: HRL), a Fortune 500 global branded food company, has announced its participation in the 2024 Barclays Global Consumer Staples Conference. The event will feature Jim Snee, president, CEO, and chairman of the Board, along with Jacinth Smiley, executive vice president and CFO.
The conference is scheduled for Thursday, September 5, 2024, with a fireside chat webcast beginning at 8:45 a.m. CT (9:45 a.m. ET). Investors and interested parties can access the webcast, replay, and related information on the company's investor website at http://investor.hormelfoods.com. This participation underscores Hormel's commitment to engaging with the investment community and providing insights into its business strategies and performance.
Hormel Foods (NYSE: HRL) announces the retirement of Deanna Brady, executive vice president, Retail, after 28 years of service. Brady will retire at the end of the fiscal year on Oct. 27, 2024. The company also announces the return of John Ghingo, who will join Hormel Foods on Sept. 2, 2024, and assume leadership of the Retail segment on Oct. 28, 2024.
Ghingo, previously president of Applegate Farms, from 2018 to 2022, brings extensive experience in the consumer packaged goods industry. CEO Jim Snee praised Brady's leadership and impact on the company's culture, while expressing confidence in Ghingo's ability to drive continued focus, innovation, and growth within the Retail segment.
Hormel Foods has launched a -edition SPAM® Musubi Day Merch Collection to celebrate National SPAM® Musubi Day and support Maui's restoration efforts. The collection, available on SPAM.com, includes apparel, summer essentials, and a unique SPAM® Musubi-shaped ottoman. 100% of the proceeds will be donated to Aloha United Way to aid Maui's recovery from the Lahaina wildfires.
The collection features items like crew necks, lounge pants, blankets, hats, and even SPAM® Musubi earrings. Hawaiian actor Auli'i Cravalho is partnering with the SPAM® brand to promote the collection. Prices range from $0.50 for temporary tattoos to $1,000 for the ottoman. This initiative combines SPAM® brand fandom with support for the Hawaiian community, reflecting the brand's commitment to its cultural roots.
FAQ
What is the current stock price of Hormel Foods (HRL)?
What is the market cap of Hormel Foods (HRL)?
