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) is a Fortune 500 global branded food company based in Austin, Minnesota, known for protein-centric foods sold under brands such as PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS® and JENNIE-O®. The Hormel Foods news stream covers developments that affect its brand portfolio, financial performance and corporate strategy.
Investors and followers of HRL can use this page to monitor earnings announcements and outlook updates, including quarterly and full-year results, segment performance in Retail, Foodservice and International, and commentary on margins, input costs and strategic initiatives like the Transform and Modernize (T&M) program. Regulatory disclosures about restructuring plans, role reductions and other cost actions are also reflected in company news and related Form 8‑K filings.
News from Hormel Foods frequently highlights brand and product activity, such as new offerings from the HORMEL® MARY KITCHEN® brand, collaborations for SKIPPY® products with partners like Milk Bar®, and experiential marketing programs for the PLANTERS® brand, including the NUTmobile and Peanutter ambassador roles. These stories provide insight into how the company supports its brands, engages consumers and responds to demand for convenient, comfort-oriented foods and snacks.
Corporate updates also include leadership changes and governance milestones, such as appointments to executive roles, information about the annual meeting of stockholders and recognition from external organizations. Examples include being named to Fast Company’s Brands That Matter list and being recognized by U.S. News & World Report, Newsweek and TIME magazine for workplace quality, responsibility and overall performance.
By following this HRL news page, readers can track how Hormel Foods communicates its strategy, manages its portfolio of more than 30 brands and navigates market conditions across its retail, foodservice and international businesses.
Hormel Foods Corporation (NYSE: HRL) announced a quarterly dividend of $0.26 per share, approved by the Board of Directors on March 28, 2022. The dividend will be paid on May 16, 2022, to stockholders of record by April 11, 2022. This marks the 375th consecutive quarterly dividend paid by the company since going public in 1928, demonstrating its commitment to returning income to shareholders and financial stability.
Jennie-O Turkey Store has confirmed the presence of Highly Pathogenic Avian Influenza (HPAI) within its supply chain, affecting one farm in Minnesota. This virus, primarily carried by migratory waterfowl, has already impacted numerous poultry farms across the region. While no cases had been reported in farms supplying Jennie-O until now, the company is taking extensive precautions to protect its turkeys. Collaborating with USDA and local health authorities, Jennie-O reassures consumers that HPAI does not pose a food safety concern.
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The makers of HORMEL® refrigerated entrees announced a packaging redesign for their SQUARE TABLE™ entrees brand, emphasizing consumer benefits and improved visual appeal. These entrees are designed for quick preparation, offering meals ready in 30 minutes or less, catering to home dining trends. With no preservatives, artificial colors, or flavors, the meals encourage family togetherness. Available in eight varieties and retailing between $6.99 and $12.99, these entrees are positioned for accessibility at Walmart and other grocery stores.
Hormel Foods Corporation (NYSE: HRL) reported strong first-quarter fiscal 2022 results with a record net sales of $3.0 billion, up 24% year-over-year. Operating income reached $320 million, reflecting a 19% increase, while diluted earnings per share rose 7% to $0.44. The company reaffirmed its annual guidance with expected net sales between $11.7 billion and $12.5 billion. Despite challenges such as labor shortages and inflation, Hormel benefitted from strong demand across U.S. channels and strategic pricing actions to combat rising costs.
The makers of Columbus® Craft Meats launched their largest marketing campaign, titled "Like This." This campaign showcases how consumers can create charcuterie boards and bites using Columbus® products. As premium items gain popularity, the campaign aims to inspire easy charcuterie builds that offer elevated experiences. The new Perfect Charcuterie Bite emphasizes flavor and accessibility. It also utilizes digital channels to demonstrate charcuterie pairings, appealing to consumers seeking connection through shared culinary experiences.
Hormel Foods has partnered with The World Pizza Champions™ to introduce innovative plant-based protein pizza toppings across the U.S. in 2022. This collaboration aims to enhance menus and events, including the renowned Pizza Expo in Las Vegas. Happy Little Plants®, launched in 2019, offers delicious plant-based options appealing to health-conscious consumers. This partnership reflects Hormel's commitment to providing diverse food solutions and showcases its ability to innovate in the foodservice industry.
Hormel Foods has launched a humorous advertising campaign featuring Ken Jeong and Joel McHale, focused on the debate of how to eat PLANTERS® Deluxe Mixed Nuts. As the Super Bowl approaches, the comedic duo takes their argument online, encouraging fans to vote on their preferred snacking method—either all together or one at a time. The campaign includes a new advertisement set to air before halftime and invites fans to engage through social media and a unique quiz called the persoNUTality quiz. Hormel Foods is recognized as a leading global branded food company with over $11 billion in annual revenue.
Hormel Foods Corporation (HRL) will host a conference call on March 1, 2022, at 9:00 a.m. CT to discuss its first quarter financial results. The earnings press release will be available before market opening on the same day. Investors can join the call by dialing 888-317-6003 or accessing the live webcast via the company's website at hormelfoods.com.
The company reported annual revenues exceeding $11 billion, showcasing its global presence with operations in over 80 countries.
Hormel Foods Corporation (NYSE: HRL) announced the retirement of Fred Halvin, vice president of corporate development, after 37 years with the company. Nathan Annis, director of investor relations, will succeed Halvin. Halvin played a critical role in Hormel's major acquisitions, including the Planters snack nuts business, the largest in the company's history, completed in 2021. Annis will lead strategic planning, mergers and acquisitions, and ensure ongoing growth through acquisitions. Hormel Foods continues to maintain over $11 billion in annual revenue and remains a key player in the branded food industry.
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