Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods is seeking three recent graduates for a unique opportunity to represent the PLANTERS® brand as "Peanutters" driving the NUTMOBILE™ across the United States. This full-time role runs from June 2022 to June 2023 and includes engaging with communities at local events. Candidates must hold a bachelor’s degree, preferably in sales or marketing, and have a passion for adventure. Applications are open until January 24, 2022. Hormel Foods aims to keep the tradition of the NUTMOBILE™ alive, enhancing brand visibility.

Hormel Foods Corporation (NYSE: HRL) announced its 2022 Annual Meeting of Stockholders will be held virtually on January 25, 2022, at 6 p.m. CST due to the COVID-19 pandemic. Only registered stockholders as of December 3, 2021, can participate and vote electronically using their 16-digit control number. The webcast link is www.virtualshareholdermeeting.com/HRL2022. For non-stockholders wishing to attend, registration is available as guests, but they cannot vote or submit questions.

Green Circle Capital Partners has launched a venture capital division, Green Circle Foodtech Ventures I (GCFV), with Hormel Foods (NYSE: HRL) as the anchor investor. The fund aims to raise $25 million to support companies in the Foodtech ecosystem, focusing on sectors like alternative proteins and sustainable packaging. The partnership is seen as a significant opportunity for portfolio companies, leveraging Hormel's expertise in food production and marketing. GCFV plans to invest in about a dozen startups by providing capital and strategic support.

Hormel Foods Corporation (NYSE: HRL) reported record fourth-quarter fiscal 2021 results, with net sales of $3.5 billion, up 43% year-over-year. Operating income increased by 29% to $358 million, and diluted earnings per share reached $0.51, a 19% rise. For the full fiscal year, net sales were $11.4 billion, up 19%. Despite challenges like labor shortages and inflation, strong growth was seen across all segments, particularly in foodservice with a 72% surge. Guidance for fiscal 2022 expects net sales between $11.7-$12.5 billion and EPS between $1.87-$2.03.

Columbus Craft Meats has launched three new exclusive charcuterie kits available on its website. The kits, named The Unexpected, Rustic Beauty, and Smoky Vibes, offer unique flavor profiles for a gourmet experience. Each kit is paired with easy-to-follow recipes by Evan Inada, the company's charcuterie director. These offerings aim to enhance social gatherings by making charcuterie accessible while celebrating its culinary art. The brand continues to expand its culinary inspirations with future recipe releases.

The PLANTERS^® brand, part of Hormel Foods, collaborates with Reginald VelJohnson to celebrate the holidays with a new music video titled, 'A Nutty Holiday.' This festive production aims to reunite families after a year apart, featuring nostalgic elements and a giveaway of limited-edition 'nutstalgia' gift boxes. Fans can enter for a chance to win these boxes until December 31. Hormel Foods, with over $10 billion in annual revenue and a commitment to community service, continues to innovate its holiday marketing strategies.

Hormel Foods Corporation (NYSE: HRL) announced its annual profit sharing for eligible team members, marking the 83rd consecutive grant. The amount varies yearly based on company performance, with past distributions ranging from $14 million to $17 million. This tradition, initiated in 1938, recognizes the hard work of employees, especially during the pandemic. Hormel Foods, with over $10 billion in annual revenue and a wide portfolio of brands, emphasizes its commitment to rewarding its team and giving back to communities.