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 Corporation (NYSE: HRL) announced that its Columbus® Charcuterie Tasting Board has won the Appetizer Category in the 2023 Product of the Year Canada awards. Recognized for its innovation, the product is gaining traction in Canada and the U.S. as a premium charcuterie option, providing convenience for consumers who prefer ready-made options. The Product of the Year award is based on votes from 4,000 consumers, highlighting the product's popularity and quality. Hormel Foods operates globally with over $12 billion in annual revenue and a diverse portfolio of brands.
Hormel Foods Corporation (NYSE: HRL) announced it will release recast historical financial data on Feb. 28, 2023 as part of its new operating model, GoFWD. The company will also host a webcast at 4 p.m. CT to discuss the new financial reporting structure. Furthermore, Hormel will issue its first-quarter earnings release on Mar. 2, 2023, followed by a conference call at 8:30 a.m. CT. The company reports over $12 billion in annual revenue, offering a range of well-known brands across more than 80 countries.
Hormel Foods Corporation (NYSE: HRL), a leading global food company, has elevated Henry Hsia to vice president of Retail marketing for Snacking and entertaining as of February 3, 2023. Hsia will oversee brand-building for notable brands including Planters®, Corn Nuts®, and Hormel Gatherings®. Having joined Hormel in October 2018 after the Columbus Craft Meats acquisition, Hsia has successfully led marketing and R&D for the Columbus® brand. Jim Snee, CEO of Hormel Foods, expressed confidence in Hsia's leadership skills to drive growth in this important segment, which aligns with Hormel's vision of delivering trusted food brands worldwide.
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The makers of HORMEL® chili have introduced the first-ever HORMEL® Chili Cheese Brew, a unique beer inspired by the popular chili cheese dip. This collaboration with Modist Brewing Co. aims to enhance gameday snacks with a flavorful sip. Available starting January 24, 2023, the beer comes in four-packs priced at $24, including shipping, and is designed for fans to enjoy during the Big Game on February 12. The lager features Minnesota Pilsner barley malt and flaked corn, complemented by savory spices and cheddar cheese powder for a distinctive taste. For more information, visit www.HormelChiliCheeseBrew.com.
Hormel Foods Corporation, based in Austin, Minnesota, has launched a limited-edition merchandise collection in collaboration with Nom Life, featuring five apparel and accessory items. Available on SPAM.com, the collection includes items such as the $55 SPAM® Brand Concert Crewneck and $20 SPAM® Varieties Everyday Concert Tote. Notably, all proceeds will be donated to Convoy of Hope, aimed at aiding communities in need. This initiative aligns with Hormel's branding strategy, enhancing customer engagement while contributing to social causes. The merchandise reflects comfort and nostalgia tied to the SPAM® brand.
Hormel Foods Corporation (NYSE: HRL) announced its 2023 Annual Meeting of Stockholders will be held virtually on January 31, 2023, at 6 p.m. CST. Registered stockholders can access the meeting via this link. Participants must use a 16-digit control number to vote electronically. A question-and-answer session will follow the meeting, with questions submitted in advance through proxyvote.com. Gift boxes will be available for registered stockholders starting February 1, 2023, at the SPAM Museum.
Hormel Foods, based in Austin, Minnesota, is inviting recent college graduates to apply for a unique job opportunity as Peanutters, driving the iconic NUTmobile across the United States. This full-time, paid position runs from June 2023 to June 2024 and includes representing the PLANTERS brand at events and media appearances. Applicants must have a degree in communications, marketing, or a related field, and submissions are due by February 14, 2023. Hormel, known for its $12 billion annual revenue and diverse food brands, aims to continue the tradition of engaging with communities through this initiative.
Hormel Foods recently donated $25,000 across 10 local nonprofits in Austin, Minnesota, to support their organizational needs. This initiative highlights the company's commitment to community engagement. CEO Jim Snee emphasized the importance of recognizing the hard work of nonprofit staff, who often overlook their own funding challenges. The selected organizations included Mower County Health and Human Services, United Way Success Closet, and others, each receiving a $2,500 check. This gesture reinforces Hormel Foods' dedication to social responsibility and community support.