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.
Jennie-O has partnered with chef Carla Hall to honor school cafeteria staff in Knoxville, TN, through School Cafeteria Takeovers. This initiative, launched on Oct. 28, 2022, aims to celebrate these essential workers by providing them with a special meal and relaxation. Hall will lead cooking tutorials and offer amenities while Jennie-O supports the program with $25,000 allocated to schools in need. The brand's commitment includes serving over 5,000 school districts in the U.S., reinforcing its position as a leading turkey provider in K-12 nutrition.
Hormel Foods Corporation (NYSE: HRL) announced that its internship program has been recognized in the 2023 Vault Best Internships ranking, specifically for the retail and consumer products industry as well as top engineering roles. The program was evaluated based on various factors, including quality of life and career development. Hormel Foods aims to recruit summer interns for various facilities and offices. The company has a history of successfully converting interns to full-time employees, further showcasing its commitment to workforce development.
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Hormel Foods Corporation (NYSE: HRL) has appointed Scott Aakre as the senior vice president of its new Brand Fuel center of excellence. This initiative aims to enhance consumer insights and innovation across its portfolio of over 30 brands. Following a recent operating model evolution, the Brand Fuel center will drive innovation, brand diagnostics, and support technology. Aakre brings 30 years of experience at Hormel, having previously led various marketing roles, and is recognized for the company's successful innovation efforts.
On October 12, 2022, the Jennie-O turkey brand announced a partnership with chef Carla Hall to celebrate school cafeteria staff through events in multiple cities. Hall will host 'School Cafeteria Takeovers' from October 2022 to May 2023, including visits to Knoxville, Los Angeles, Houston, and Detroit. The initiative will provide meals, baking tutorials, and $25,000 to support school cafeterias. Jennie-O is a leading provider of turkey to U.S. schools, serving over 5,000 districts and holding a significant share in top districts.
Hormel Foods Corporation (NYSE: HRL) appointed Katie Larson as senior vice president of human resources, effective October 10, 2022. With over 20 years at Hormel, Larson will lead the global HR function, continuing the company's commitment to a people-first strategy. Her experience includes roles in labor relations and diversity initiatives. Hormel Foods, based in Austin, Minnesota, generates over $11 billion in annual revenue and has been recognized as one of the World's Best Employers by Forbes.
Hormel Black Label is celebrating National Sausage Month by reviving its popular Little Sizzlers™ original pork sausages for a limited time this October. The sausages, beloved since 1968, will be available in a new 'stock up' 4-pound box for $19.99 at select Midwest retailers. Senior brand manager Samantha Hovland emphasized the nostalgic flavor and consumer demand behind this return. Hormel aims to cater to sausage lovers while maintaining the same recipe as before, encouraging fans to enjoy these classic sausages.
Hormel Foods Corporation (NYSE: HRL) announced a donation to support Convoy of Hope's disaster recovery efforts following Hurricane Ian. This contribution aids individuals affected by the hurricane in Florida. Hormel Foods has donated over $50 million in cash and products to nonprofits in the past five years, including $6.6 million for hunger relief in 2021. The partnership with Convoy of Hope spans seven years, focusing on disaster response and food insecurity.
Hormel Foods Corporation (NYSE: HRL) has declared a quarterly dividend of $0.26 per share, to be paid on November 15, 2022, for stockholders of record by October 17, 2022. This marks the 377th consecutive quarterly dividend since the company went public in 1928, demonstrating its long-standing commitment to returning value to shareholders. Hormel Foods operates globally, generating over $11 billion in annual revenue and is recognized as a member of the S&P 500 Dividend Aristocrats.
The makers of PLANTERS brand announce a new peanut-shaped packaging for PLANTERS Dry Roasted Peanuts, which uses 8% less plastic than the previous 16-ounce bottle, resulting in savings of approximately 220 tons of plastic annually. This update is part of the brand parent's ongoing sustainability initiatives by Hormel Foods. The new packaging aims to enhance product visibility, with support from in-store displays and online advertising. The peanuts are a good source of protein, fiber, and essential vitamins.