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) is advancing its commitment to environmental sustainability with new regenerative agriculture initiatives. The company has partnered with Applegate Farms to sponsor a 50,000-acre pilot project in Minnesota aimed at supporting farmers who adopt regenerative practices. This initiative is part of Hormel's 20 By 30 Challenge, involving ambitious ESG goals to meet by 2030. Hormel is also investing in large-scale renewable energy projects to achieve 100% renewable sourcing for its domestic energy use by the end of 2022.
Hormel Foods (NYSE: HRL) recently presented at the Deutsche Bank dbAccess Global Consumer Conference, highlighting its strong brand portfolio, foodservice recovery, and international business. CEO Jim Snee noted significant second-quarter growth driven by robust consumer demand and supply chain improvements, with confidence in fiscal 2022. The company emphasized strategic investments in snacking and e-commerce, alongside its $3 billion acquisition of Planters. Snee also addressed the importance of sustainability and Hormel's resilience in an inflationary environment.
Hormel Foods Corporation announces the retirement of Gary Jamison, Vice President and Treasurer, after 34 years with the company. He played a crucial role in financial leadership, including cash management and acquisition financing. Florence Makope has been appointed as his successor, bringing over 20 years of global finance and treasury experience. Makope previously held leadership roles at Oshkosh Corporation and CARE USA. Hormel Foods, with annual revenues exceeding $11 billion, continues to thrive in over 80 countries.
The PLANTERS® brand launched its NUTMOBILE™ with a new crew of "Peanutters" following Hormel Foods' acquisition in June 2021. The Peanutters, including Alexa Esparza, Grace Tessitore, and Kevin O'Donnell, will promote the brand nationwide for a year, starting in Chicago. They will volunteer and attend Cincinnati Reds games to showcase PLANTERS® Sweet & Spicy Peanuts. Fans can request NUTMOBILE™ visits for local events. Hormel Foods, with over $11 billion in annual revenue, continues to enhance brand awareness and community involvement.
Hormel Foods has launched new PLANTERS® Sweet & Spicy Dry Roasted Peanuts, marking its first innovation since acquiring the brand in 2021. The product combines honey and dried red chili pepper flavors, catering to the growing 'swicy' trend in snacks. Available in 16-ounce bottles and 1.75-ounce on-the-go sizes, these peanuts provide over 30 essential vitamins and minerals, healthy fats, and 7 grams of protein per serving. The introduction aims to enhance the company’s snack portfolio and meet consumer demand for unique flavor experiences.
Hormel Foods Corporation (NYSE: HRL) will participate in the 2022 Deutsche Bank dbAccess Global Consumer Conference on June 16, 2022, at 2:00 p.m. CEST in Paris, France. Key executives, Jim Snee and Swen Neufeldt, will present the company's long-term strategy, ESG initiatives, and plans for global expansion. The event will be available via live webcast on the company's website. Hormel Foods is known for its diverse portfolio of brands and has over $11 billion in annual revenue, serving customers in more than 80 countries.
The makers of HORMEL® NATURAL CHOICE® products have launched a new addition: Sandwich Pepperoni. This product aims to fulfill consumer cravings for pepperoni while maintaining a 100% natural profile. Free from preservatives and artificial ingredients, it offers versatility for various meals and snacking occasions. Retailing between $4.49 and $4.79 for a 6 oz. package, it is designed for family sharing. The product reflects Hormel's commitment to quality and taste in the snacking category.
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.
FAQ
What is the current stock price of Hormel Foods (HRL)?
What is the market cap of Hormel Foods (HRL)?
