Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods announced the launch of limited-edition HORMEL® BLACK LABEL® Bacon Wrapping Paper, scented with bacon and featuring a decorative pattern. This unique wrapping paper aims to enhance holiday gifting experiences. From November 9 to 26, participants can enter to win this wrapping paper, along with gift tags and decorative ribbon, while Hormel Foods will donate $1 to the Salvation Army's Angel Tree program for each entry, up to $10,000. Coolio will promote the product through a video series called 'Wrappin' with Coolio.'

Hormel Foods Corporation (NYSE: HRL) will host a conference call and webcast on December 9, 2021, at 8:00 a.m. CT to discuss its 2021 fourth quarter and full-year financial results. The earnings press release will be issued at 5:30 a.m. CT the same day. Interested parties can access the conference call via telephone or listen to a live webcast on the company's website. Hormel Foods is a global branded food company with annual revenues exceeding $10 billion.

Jennie-O Turkey Store, part of Hormel Foods, has launched the Turkey Dance Challenge on TikTok to engage families during the holiday season. Developed by celebrity choreographer Phil Wright, the campaign features an original Thanksgiving-themed song and encourages users to showcase their dance moves using the hashtag #DoTheJennieOTurkeyDance. Celebrity dancers will promote the challenge, creating a festive atmosphere for families to connect either in-person or virtually. The initiative aims to celebrate the holiday spirit centered around Jennie-O turkey products.

Jennie-O Turkey Store, a subsidiary of Hormel Foods (NYSE: HRL), will return to the 95th Macy's Thanksgiving Day Parade on November 25, 2021. The float, known as The Big Turkey Spectacular, measures 36 feet long and 24 feet tall, adorned with over 200 pounds of sparkles. It showcases holiday recipes and cooking tips through a dedicated consumer hotline available throughout November. Vice President Nicole Behne expressed excitement for the event's significance to the brand and its engagement with viewers, including a performance by Tai Verdes.

Hormel Foods Corporation (NYSE: HRL) announces the retirement of Luis Marconi as group vice president of Grocery Products after a 20-year career. Jeff Frank, previously vice president of Grocery Products, will succeed him, focusing on evolving the brand portfolio. Hormel's Grocery Products includes brands like Planters®, SKIPPY®, and SPAM®. Frank's extensive experience includes leading the integration of the Planters® brand, the largest acquisition in Hormel's history. The company continues to enhance its strategy to meet consumer needs in snacking and ethnic foods.

Hormel Foods Corporation (NYSE: HRL) has appointed Wendy A. Watkins as senior vice president and chief communications officer. Since joining in 2015, Watkins has enhanced Hormel's global reputation and corporate responsibility efforts, including leading communications during the COVID-19 pandemic. She is tasked with overseeing internal and external communications while continuing to build Hormel's image as a respected food company. Under her leadership, Hormel has consistently ranked among Fortune's most admired companies and has been recognized for its corporate citizenship.

Hormel Foods Corporation (NYSE: HRL) announced the retirement of Jim Sheehan as executive vice president and CFO after 43 years, effective year-end 2021. Jacinth Smiley, previously group VP of corporate strategy, will succeed him. Smiley brings extensive experience from LyondellBasell and General Electric, focusing on corporate finance and strategic planning. Sheehan leaves a legacy of leadership, including successful implementations like Project Orion and the acquisition of Planters®. Hormel plans to leverage Smiley's expertise to drive growth, especially in international markets.

Jennie-O Turkey Store, a leading turkey brand, is reviving its 1-800-TURKEYS hotline starting Nov. 1, 2021, to assist consumers in planning Thanksgiving meals. A recent survey revealed that 49% of respondents consider turkey the centerpiece of Thanksgiving but feel daunted by cooking it. The hotline offers real-time support through various channels, including live chat and texting. Jennie-O also promotes its OVEN READY turkey, which requires no thawing. New trends from the survey indicate purchasing habits and preferences for turkey preparations as consumers seek help for stress-free holiday meals.