Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods has launched a social media contest in collaboration with musician Sammy Arriaga to find the crunchiest CORN NUTS kernel. The winner will not only have their crunch featured in a soundtrack performed live by Arriaga but also receive concert tickets and a cash prize of $5,000. The contest opened on July 26, 2022, and will close on August 3, 2022. Participants must create a 30-second TikTok video using Arriaga's sound and include #contest. CORN NUTS products are available at convenience stores and grocery retailers nationwide.

Hormel Foods Corporation (NYSE: HRL) discusses significant shifts in consumer food preferences and culinary trends post-pandemic. The company reveals that consumers are seeking food products that offer memorable experiences, align with personal values, and provide convenience. Key trends identified include The Edible Experience, Viral Food from platforms like TikTok, New Routines accommodating busy lifestyles, and a growing emphasis on Sustainability. Hormel plans to enhance product offerings that reflect these consumer demands, including nutritious and plant-based options.

Hormel Foods Corporation (NYSE: HRL) announced that Deanna Brady, Executive VP of Refrigerated Foods, was recognized in Progressive Grocer's 2022 Top Women in Grocery list. This award highlights women's contributions in the North American food retail sector. Under Brady's leadership, the Refrigerated Foods segment achieved net sales of $6.4 billion in fiscal 2021, up from $5.3 billion the previous year. Hormel Foods continues to promote diversity and wellness initiatives, enhancing its reputation among top employers.

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.