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 reports developments as a global branded food company with a portfolio spanning Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O and other food brands. Company updates commonly address quarterly earnings, dividends on common stock, product and menu innovation, foodservice offerings, retail launches, and portfolio actions across perishable and shelf-stable foods.
Recent corporate news also reflects Hormel's shift toward value-added proteins, including the completed sale of its whole-bird turkey business while retaining the Jennie-O brand and value-added turkey products. Other recurring themes include food safety and quality leadership, community programs tied to food security, and brand activity in categories such as pizza toppings, sauces, marinades, nut butters and packaged proteins.
Hormel Foods (NYSE: HRL) completed the sale of its whole-bird turkey business to Life-Science Innovations (LSI) on April 24, 2026. LSI acquired the Melrose whole-bird production facility, a Swanville feed mill, and related transportation assets; the Melrose facility will operate as Legacy Turkey.
Hormel Foods retained the JENNIE-O brand and its value-added turkey portfolio, including ground turkey, deli meats, turkey burgers, turkey bacon, turkey franks, and the right to sell JENNIE-O OVEN READY whole birds and turkey breasts. The workforce in Melrose joined LSI and supply contracts with dedicated third-party hen growers were assumed by LSI. Financial terms were not disclosed; additional details will appear in the company's next Form 10-Q.
Hormel Foods (NYSE: HRL) announced that Richard Carlson, vice president of global food safety and quality management, will retire after a 35-year career, effective May 1, 2026. Jeremiah Johnson, a 20-year company veteran and director of food safety management, will succeed Carlson as vice president.
The company emphasized Johnson's food safety, quality and regulatory expertise and operational experience, and leadership remarks were provided by interim CEO Jeff Ettinger and president John Ghingo.
Hormel Foods (NYSE: HRL) declared a quarterly common-stock dividend of $0.2925 per share on March 23, 2026. The dividend will be paid May 15, 2026, to shareholders of record at the close of business April 13, 2026.
This payment will be the 391st consecutive quarterly dividend, reflecting an unbroken record of regular quarterly distributions since the company became public in 1928.
Hormel Foods (NYSE: HRL) identified five pizza trends for 2026: specialized heat (Calabrian chili), brisket as a premium protein, meat-forward "Triple Pepperoni" pies, global fusion toppings, and specialty crusts. 43% of U.S. consumers seek new flavors; Calabrian chili interest grew 59% and Indian-inspired toppings grew 98% over four years.
The company will showcase Hot Calabrian products and other innovations at International Pizza Expo (Booth #1725).
SPAM brand (NYSE:HRL) and Bachan's launched a limited-edition SPAM Japanese Barbecue Sauce Flavored (12 oz.) product, available exclusively at Walmart beginning March 7, 2026, for a suggested retail price of approximately $4 while supplies last.
This collaboration combines SPAM and Bachan's Original Japanese Barbecue Sauce, celebrating Japanese-American food culture and fan-driven pairings like musubi and fried rice.
Hormel Foods (NYSE: HRL) reported first quarter fiscal 2026 results: net sales $3.03 billion, organic net sales +2%, diluted EPS $0.33 and adjusted diluted EPS $0.34. Operating income was $244 million and cash flow from operations was $349 million. The company updated operating income and diluted EPS guidance while reaffirming adjusted full‑year guidance.
Portfolio moves included the completed sale of Justin's majority interest and a pending whole‑bird turkey sale expected to close in Q2 FY2026.
Hormel Foods (NYSE: HRL) appointed Donald Monk as its first chief technology officer, effective March 23, 2026. Monk will lead enterprise technology, digital and data strategy to support long-term growth and modernization of the company’s technology platforms.
Monk brings more than 35 years of global technology leadership, including three decades at General Mills where he served as chief information officer, and is tasked with building modern digital capabilities and high-performing global teams.
Hormel Foods (NYSE: HRL) reported preliminary Q1 fiscal 2026 results and reaffirmed full-year adjusted guidance. The company expects Q1 net sales of ~$3.0 billion, 2% organic net sales growth, preliminary diluted EPS of $0.33 and adjusted diluted EPS of $0.34.
The company also entered a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, expected to close by the end of the company’s Q2 fiscal 2026, and will release full Q1 results on Feb. 26, 2026.
Hormel Foods (NYSE: HRL) agreed to sell its whole-bird turkey business to Life-Science Innovations (LSI), with closing expected by the end of Hormel Foods' fiscal 2026 second quarter, subject to customary conditions.
The sale transfers the Melrose whole-bird plant, Swanville feed mill and related transportation assets; JENNIE-O branded products and brand ownership are not affected. Hormel Foods expects minimal impact to adjusted fiscal 2026 results and noted LSI will co-manufacture to ensure uninterrupted order fulfillment through the end of fiscal 2026.
Hormel Foods (NYSE: HRL) named Will Bonifant group vice president and chief supply chain officer, effective March 9, 2026. Bonifant will lead global procurement, manufacturing, planning, logistics, engineering and supply chain innovation.
He joins from The Hershey Company after 15 years, where he led supply chain strategy and manufacturing for a 20‑plant network and held international leadership roles.