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) reported strong second-quarter results for fiscal 2022, with record net sales of $3.1 billion, up 19% year-over-year, and diluted earnings per share of $0.48, up 14%. Operating income rose 16% to $335 million, despite a 2% decrease in volume. The company reaffirmed its full-year sales guidance at $11.7 - $12.5 billion and narrowed earnings guidance to $1.87 - $1.97. Challenges remain, particularly due to highly pathogenic avian influenza affecting the Jennie-O Turkey Store segment.
Hormel Foods Corporation (NYSE: HRL) will participate in the 2022 Deutsche Bank dbAccess Global Consumer Conference on June 16, 2022, at 9:15 a.m. CEST in Paris, France. This event will feature Jim Snee, chairman and CEO, along with Swen Neufeldt, group VP and president of Hormel Foods International.
Investors can access the live webcast through the company's website. Hormel Foods generates over $11 billion in annual revenue and is recognized for its popular brands, including Planters, Spam, and Jennie-O.
Hormel Foods Corporation (NYSE: HRL) has declared a quarterly dividend of $0.26 per share, payable on August 15, 2022, to stockholders recorded by July 11, 2022. This marks the 376th consecutive quarterly dividend since the company went public in 1928. Hormel Foods is a globally recognized brand with over $11 billion in annual revenue, offering well-known brands such as SPAM® and Jennie-O®. The firm is part of the S&P 500 Index and the S&P 500 Dividend Aristocrats, reflecting its commitment to returning value to shareholders.
Hormel Foods Corporation (NYSE: HRL) will host a webcast and conference call on June 2, 2022, at 7:00 a.m. CT to discuss its second quarter financial results. The earnings press release is scheduled for release before market opening on the same day. The call will feature remarks from Jim Snee, CEO, and Jacinth Smiley, CFO. Investors can access the live webcast on Hormel's website under the Investors section. Hormel Foods, based in Austin, Minnesota, boasts annual revenues exceeding $11 billion.
Hormel Foods Corporation (NYSE: HRL) has been recognized as one of the 100 Best Corporate Citizens by 3BL Media, marking the 13th time the company has received this honor. The ranking highlights Hormel's outstanding performance in environmental, social, and governance (ESG) practices among the largest U.S. public companies. Hormel's commitment to ESG is demonstrated through its '20 By 30 Challenge' and various accolades for transparency and responsibility. The evaluation is based on 155 ESG factors across eight pillars, ensuring comprehensive scrutiny of corporate practices.
Hormel Foods Corporation (NYSE: HRL) will announce its second quarter financial results on June 2, 2022, prior to market opening. A conference call will follow at 8:00 a.m. CT to discuss the results, featuring Jim Snee, CEO, and Jacinth Smiley, CFO. Investors can listen via webcast at hormelfoods.com. Hormel Foods operates globally, boasting over $11 billion in annual revenue from 80 countries, with a portfolio of renowned brands including SPAM® and SKIPPY®.
The SPAM® brand continues to thrive, achieving record sales for seven consecutive years, with heightened popularity reflected in trendy eateries and events like the Waikiki SPAM JAM® festival. Returning after a two-year hiatus, the festival, held from April 22 to May 1, is expected to attract over 25,000 guests. The brand's cultural significance spans decades, initially supporting troops during World War II. The SPAM® Museum in Austin, Minn., invites fans to connect over its rich history, further showcasing its lasting relevance in the food industry.
Hormel Foods Corporation (NYSE: HRL) announced it aims to match 100% of its domestic energy use with renewable sources by the end of 2022 as part of its 20 By 30 Challenge. This initiative includes multiple wind and solar energy projects, such as the Western Trails wind project in Texas and a solar array at the Jennie-O Turkey Store plant in Minnesota. Hormel's commitment to green energy aligns with the UN Sustainable Development Goals. The company has received accolades for its corporate responsibility and continues to focus on reducing its environmental footprint.
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