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.
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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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Hormel Foods is ramping up its snacking offerings as college basketball season heats up. The company, based in Austin, Minnesota, highlights eight elite snacking options to enhance the game-day experience. Featured products include Hormel Gatherings® Party Trays, Columbus® Charcuterie Boards, and Chocolate-Covered Hormel® Black Label® Bacon. The emphasis is on convenience and flavor, appealing to fans looking for quick and delicious recipes as they gather for tournament games. Hormel Foods generates over $12 billion in annual revenue and is known for its popular brands such as SPAM® and Planters®.
On March 22, 2023, Hormel Foods Corporation (NYSE: HRL) announced a celebration in honor of National Chip and Dip Day on March 23. The company highlighted its extensive range of snack combinations, including CHI-CHI'S tortilla chips paired with Herdez salsa and Hormel chili cheese dip. Brand manager Jason Hron emphasized the occasion as a perfect opportunity for gatherings and sporting events with friends and family. Hormel encourages fans to share their favorite dips on social media. Hormel Foods operates globally with annual revenues exceeding $12 billion and a diverse portfolio of brands.
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Hormel Foods has launched the Fontanini® Cup & Char Sausage, an innovative pizza topping that introduces crispy, caramelized edges and authentic Italian flavors. This unique product aims to enhance the pizza topping experience, addressing the ongoing debate about pizza toppings' presentation. The company emphasizes its commitment to continuous innovation in foodservice, building on its success with acclaimed products like Rosa Grande® Pepperoni. Hormel Foods, based in Austin, Minn., boasts over $12 billion in annual revenue and operates in more than 80 countries, showcasing a strong market presence.
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