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), a global leader in branded food production, maintains this dedicated news hub for investors and industry stakeholders. Access timely updates on earnings reports, strategic initiatives, and operational developments from this Fortune 500 company renowned for SPAM, Jennie-O, and Planters brands.
This resource consolidates official press releases, product innovation announcements, and market analysis relevant to Hormel's protein processing expertise and packaged food leadership. Users will find updates spanning three key areas: quarterly financial results, sustainability initiatives, and new product launches across retail and foodservice channels.
Bookmark this page to efficiently track Hormel's performance in the competitive food manufacturing sector, with updates on operational milestones, leadership changes, and supply chain developments. Our curated news selection enables informed analysis of this established player's market position and long-term growth strategies.
Hormel Foods Corporation (NYSE: HRL) launched The Originate Initiative on April 21, 2023, aligning with United Nations World Creativity and Innovation Day. This initiative aims to enhance companywide innovation by showcasing insights-driven processes and collaborations with partners. Scott Aakre, Senior VP of Brand Fuel, emphasized the importance of innovative thinking within the company’s culture, which contributed to the introduction of approximately 600 new products in 2022. The initiative also highlights the role of Brand Fuel, Hormel’s center of excellence, in guiding decisions through market analysis. Hormel Foods’ history of over 130 years of success is driven by its commitment to innovation, as echoed by Aakre’s quote, 'Originate. Don't imitate.'
Hormel Foods Corporation (NYSE: HRL) recently highlighted significant pizza topping trends emerging from the International Pizza Expo in Las Vegas. The company, recognized for its leadership in foodservice pizza toppings, noted five key trends:
- International Flavors: A surge in Mexican, Thai, and Vietnamese-inspired toppings.
- Non-Traditional Ingredients: Increased popularity of plant-based and dairy-free options.
- Cupping Sausage: New product launch, Fontanini cup-and-char sausage, successfully introduced.
- Spicy Flavors: A consumer preference for complex and bold flavors.
- Cup-and-Char Pepperoni: A trend for layering pepperoni post-bake for added flavor.
With over $12 billion in annual revenue, Hormel is committed to food innovation and meeting evolving consumer preferences.
The HERDEZ® brand, recognized as the top-selling salsa brand in Mexico, has launched a new line of refrigerated salsas in mild, medium, and chipotle flavors. This innovation aims to meet consumer demands for robust flavors and convenience, with ingredients such as tomatoes, onions, garlic, and jalapeño peppers. The HERDEZ® Traditional Refrigerated Salsas can be enjoyed with chips, added to recipes, or used as toppings. Available in 15-ounce cups nationwide, the new salsas will be increasingly distributed this summer. The products are gluten-free and kosher, promising to become a staple in consumers' refrigerators. HERDEZ® is part of MegaMex Foods, boasting a commitment to authentic Mexican flavors.
Hormel Foods, through its SKIPPY® brand, has launched the PBJ X Pro, a versatile utensil designed for making peanut butter and jelly sandwiches. This innovative tool combines a knife, spoon, and features like a mirror, custom stamp, crimping wheel, flashlight, and a speaker. Launched on March 29, 2023, ahead of National Peanut Butter and Jelly Day on April 2, the PBJ X Pro aims to enhance the sandwich-making experience. Only one PBJ X Pro will be given away to a fan through a social media contest, encouraging engagement with the brand.
Hormel Foods Corporation (NYSE: HRL) has announced a quarterly dividend of $0.275 per share, payable on May 15, 2023, to shareholders recorded by April 17, 2023. This marks the 379th consecutive quarterly dividend paid by the company, which has maintained uninterrupted dividend payments since going public in 1928. Hormel Foods, based in Austin, Minnesota, reported over $12 billion in annual revenue and is recognized for its extensive portfolio of brands, including Planters, SPAM, and Jennie-O.
Hormel Foods Corporation (NYSE: HRL) announced the election of Ray Young, former vice chairman and CFO of Archer-Daniels-Midland, and Mike Zechmeister, CFO of C.H. Robinson, to its Board of Directors on March 27, 2023. Both new members bring extensive financial expertise, with Young joining the Audit and Governance Committees and Zechmeister joining the Audit and Compensation Committees. CEO Jim Snee expressed enthusiasm for their addition, highlighting Young's global experience and Zechmeister's proven financial leadership in the food sector. Hormel operates in over 80 countries, generating over $12 billion in annual revenue.
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