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) opened nominations for the 2026 class of 10 Under 20 Food Heroes, seeking nominees under age 20 working on food security and sustainable food-system solutions. Honorees receive mentorship, a $2,500 donation, a recognition event at company HQ, and internship opportunities.
HERDEZ (NYSE:HRL) launches the HERDEZ® Asada line, an exclusive Walmart collection of marinades, taco seasonings, and Mexican-style BBQ sauces available nationwide starting April 28, 2026.
All products are priced under $4, include carne asada and pollo asado marinades that work in as little as 30 minutes, and are formulated for grill, stovetop and air fryer use.
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.