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.
Jennie-O Turkey Store has released a survey revealing consumer insights for Thanksgiving 2021, interviewing 2,000 participants. Many respondents plan for virtual gatherings alongside in-person events, with 42% also attending Friendsgiving. Meal prep begins in September, with 50% buying frozen turkeys. Interestingly, 49% feel intimidated by cooking turkey. On the day, 28% expect to eat 4-6 pounds of food. Starting Nov. 1, Jennie-O will offer support via its hotline and website to assist with holiday meal planning.
Hormel Health Labs has launched THICK & EASY® TEXTURE MODIFIED BREAD AND DESSERT MIX, designed for individuals with dysphagia, making bread consumption easier. This product meets IDDSI levels 4, 5, and 6 and is made with enriched flour, ensuring safety and nutrition. Dysphagia affects up to 40% of residents in skilled nursing facilities. The mix comes in pre-made loaves, offering 16 slices per loaf and contributes to a more varied diet for those with swallowing difficulties.
Hormel Foods introduces a unique experience with the MR. PEANUT® character's vacation home, INN a NUTshell, located in Minnesota. Starting September 17, fans can book a two-night stay for just $3.59, which includes a $1,500 travel stipend and activities to explore local scenery. This initiative celebrates the PLANTERS® brand's new home in Minnesota. Additionally, Hormel will donate $10,000 to Conservation Minnesota, supporting local wildlife preservation efforts. This marketing strategy aims to enhance brand engagement while promoting community values.
Hormel Foods Corporation (NYSE: HRL) will participate in the Barclays Global Consumer Staples Virtual Conference on September 9, 2021, at 2:40 p.m. ET. Key executives including Jim Snee, Jim Sheehan, and Jeff Frank will discuss company initiatives and strategies. A live webcast of the event will be available on the company's website, with a replay accessible for one year post-event. Hormel Foods operates globally, generating over $9 billion in annual revenue with renowned brands like SPAM and Planters.
Hormel Foods Corporation (NYSE: HRL) reported its third-quarter results for fiscal 2021, achieving record net sales of $2.9 billion, a 20% increase from the previous year. The volume reached 1.2 billion lbs., with an overall operating income of $207 million, down 17%. Despite inflationary pressures affecting raw materials and labor, the company successfully integrated the Planters® snack nuts business. Guidance for full-year net sales is projected between $11.0 - $11.2 billion, with diluted EPS guidance between $1.65 - $1.69.
Hormel Foods Corporation (NYSE: HRL) will conduct a virtual Investor Update on October 14, 2021, from 9:00 a.m. ET to noon ET. The event will feature Jim Snee, chairman and CEO, along with Jim Sheehan, CFO, and other senior management. They will discuss the company’s long-term strategy and key initiatives, followed by a live Q&A session. Hormel Foods, based in Austin, Minn., generates over $9 billion in annual revenue, operating in over 80 countries with well-known brands like SPAM and Planters.
Jennie-O Turkey Store has unveiled a fully cooked turkey barbacoa designed for foodservice operators. This innovative product is seasoned with paprika, garlic, and guajillo chili pepper, aligning with current consumer trends for flavorful and nutritious menu options. The offering allows for quick and easy preparation, catering to the popularity of Mexican cuisine in various dishes such as tacos and bowls. Jennie-O, a subsidiary of Hormel Foods Corporation (HRL), continues to expand its portfolio with over 1,500 turkey products available across the United States and internationally.
Hormel Foods has launched a new plant-based pepperoni-style topping called Happy Little Plants®. Developed in collaboration with pizzerias and chefs, this product aims to provide a taste and cooking experience similar to traditional pepperoni, appealing to both plant-based eaters and meat lovers. It will soon be available at pizzerias nationwide and showcased at the Pizza Expo in Las Vegas. Hormel, recognized as a leader in the food industry, continues to innovate in plant-based offerings to meet consumer demand for healthier options.
Hormel Foods Corporation (NYSE: HRL) will hold a conference call on September 2, 2021, to discuss its third quarter financial results. The call is scheduled for 8:00 a.m. CT (9:00 a.m. ET) and will follow the release of the earnings press release before the market opens. Interested parties can listen to the live webcast on the company's website under the Investors section. Hormel Foods is a global food company with over $9 billion in annual revenue.
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