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 (NYSE:HRL) hosted its Annual Meeting of Stockholders on January 25, 2022. CEO Jim Snee reported record net sales exceeding $10 billion, marking the first time the company surpassed this milestone. He acknowledged challenges in 2021, including pandemic-related issues and supply chain disruptions, which are expected to continue in 2022 due to the Omicron variant. Hormel is committed to corporate responsibility through its 20 By 30 Challenge goals, receiving accolades from Fortune and Newsweek for its initiatives in environmental stewardship and diversity.
Hormel Foods Corporation (NYSE: HRL) announced it matched $10,000 in donations to Slice Out Hunger during their fundraising campaign. This initiative aims to bolster hunger relief efforts across the U.S., aligning with Hormel's commitment to community support. Hormel has donated over $50 million to charities in the last five years, including $6.4 million for hunger relief in 2020. The partnership continues with plans for the upcoming Pizza Across America program.
Hormel, known for its iconic chili, has launched the first-ever Hormel® Chili Cheese Keg, a game-changing appetizer for Big Game gatherings. This keg combines chili and cheese in a functional half-barrel, offering 15 gallons of delicious dip. Fans can enter a sweepstakes from Jan. 26 to Feb. 6, 2022, for a chance to win one, which will be delivered before the Big Game on Feb. 13, 2022. The keg provides nearly 300 servings and features a warming element and tap handle in the shape of a Hormel® Chili can, enhancing the game day experience.
Hormel Foods Corporation (NYSE: HRL) announced the promotion of Paul Kuehneman to vice president and controller, succeeding Jana Haynes, who has departed the company. Kuehneman brings over 25 years of finance and accounting experience within Hormel and most recently served as assistant controller. His responsibilities will include overseeing financial policies, internal controls, and financial reporting. Hormel Foods generates over $11 billion in annual revenue and is known for its renowned brands like Planters, SPAM, and Hormel Natural Choice.
Hormel Foods announces the return of the PLANTERS® brand to the Big Game after a one-year hiatus. This year, the brand teams up with comedians Ken Jeong and Joel McHale to spark a debate on how to enjoy PLANTERS® Deluxe Mixed Nuts. Their creative ad, developed by VaynerMedia, will air during halftime in select markets. Hormel previously allocated $5 million for community recognition efforts during the Big Game. Fans are encouraged to join the debate on social media.
Hormel Foods Corporation (NYSE: HRL) and its subsidiary Justin's have made a $10,000 donation to Conscious Alliance to support hunger-relief efforts for those affected by Colorado wildfires. Randy Simonson, president of Justin's, expressed pride in aiding the local community through this partnership. Hormel has donated over $50 million in cash and products to non-profits over the last five years, including $6.4 million in hunger relief donations in 2020.
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Hormel Foods is seeking three recent graduates for a unique opportunity to represent the PLANTERS® brand as "Peanutters" driving the NUTMOBILE™ across the United States. This full-time role runs from June 2022 to June 2023 and includes engaging with communities at local events. Candidates must hold a bachelor’s degree, preferably in sales or marketing, and have a passion for adventure. Applications are open until January 24, 2022. Hormel Foods aims to keep the tradition of the NUTMOBILE™ alive, enhancing brand visibility.
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Hormel Foods Corporation (NYSE: HRL) announced its 2022 Annual Meeting of Stockholders will be held virtually on January 25, 2022, at 6 p.m. CST due to the COVID-19 pandemic. Only registered stockholders as of December 3, 2021, can participate and vote electronically using their 16-digit control number. The webcast link is www.virtualshareholdermeeting.com/HRL2022. For non-stockholders wishing to attend, registration is available as guests, but they cannot vote or submit questions.
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