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.
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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.
Hormel Foods released a national survey revealing consumer preferences for tailgating as excitement returns to pre-pandemic routines. Conducted by OnePoll with 5,000 respondents, the survey found that 42% prefer to arrive at tailgates 1-2 hours early and 72% feel food choices significantly impact the experience. Popular tailgating foods include burgers (66%) and hot dogs (56%), while nearly half of respondents believe failing to bring a dish could lead to exclusion. The findings highlight a growing market for quick and portable food solutions.
Hormel Foods Corporation (NYSE: HRL) unveiled 'The Inspired People Plaza' at its Austin, Minn. headquarters on Sept. 15, 2022. The plaza features a 25-foot-tall fork sculpture made from nearly 20,000 donated forks, symbolizing the company's commitment to nourishing communities. This project, initiated by company leaders nearly two years ago, showcases the significance of food in bringing people together. CEO Jim Snee emphasized the power of food to change lives. Hormel Foods, a global food company with over $11 billion in annual revenue, aims to inspire through this artistic tribute.