Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods Corporation (NYSE: HRL) will conduct a virtual Investor Update on October 14, 2021, from 9:00 a.m. ET to noon ET. The event will feature Jim Snee, chairman and CEO, along with Jim Sheehan, CFO, and other senior management. They will discuss the company’s long-term strategy and key initiatives, followed by a live Q&A session. Hormel Foods, based in Austin, Minn., generates over $9 billion in annual revenue, operating in over 80 countries with well-known brands like SPAM and Planters.

Jennie-O Turkey Store has unveiled a fully cooked turkey barbacoa designed for foodservice operators. This innovative product is seasoned with paprika, garlic, and guajillo chili pepper, aligning with current consumer trends for flavorful and nutritious menu options. The offering allows for quick and easy preparation, catering to the popularity of Mexican cuisine in various dishes such as tacos and bowls. Jennie-O, a subsidiary of Hormel Foods Corporation (HRL), continues to expand its portfolio with over 1,500 turkey products available across the United States and internationally.

Hormel Foods has launched a new plant-based pepperoni-style topping called Happy Little Plants^®. Developed in collaboration with pizzerias and chefs, this product aims to provide a taste and cooking experience similar to traditional pepperoni, appealing to both plant-based eaters and meat lovers. It will soon be available at pizzerias nationwide and showcased at the Pizza Expo in Las Vegas. Hormel, recognized as a leader in the food industry, continues to innovate in plant-based offerings to meet consumer demand for healthier options.

Hormel Foods Corporation (NYSE: HRL) will hold a conference call on September 2, 2021, to discuss its third quarter financial results. The call is scheduled for 8:00 a.m. CT (9:00 a.m. ET) and will follow the release of the earnings press release before the market opens. Interested parties can listen to the live webcast on the company's website under the Investors section. Hormel Foods is a global food company with over $9 billion in annual revenue.

Hormel Chili, the top-selling chili brand in the U.S., is inviting fans to submit creative recipes for the inaugural Hormel Chili Creations cookbook. Submissions are open until 11:59 p.m. CDT on August 29, 2021, with selected recipes featured in the cookbook set to launch later this year. Additionally, Hormel Foods will donate up to $10,000 to Autism Speaks for every recipe submitted. Hormel Chili aims to showcase its versatility beyond being enjoyed in a bowl, as noted by brand manager Sarah Johnson.

Hormel Foods (NYSE: HRL) has launched its largest summer internship program, welcoming 83 students from nearly 50 colleges across the U.S., despite the ongoing COVID-19 pandemic. The 10-week program, initiated on June 1 and concluding on August 6, offers paid positions averaging 40 hours per week. Hormel's internship program boasts an 85% conversion rate of interns to full-time employees. Notably, it ranked 38th in Vault's 2021 Best Internships and has received accolades for its excellence in various internship categories.

The MR. PEANUT® character is relocating to Hormel Foods in Minnesota, marking the PLANTERS® brand's new chapter. To celebrate, the character is donating a total of $100,000 to 10 local charities, awarding $10,000 each to support impactful community initiatives. Events will include a welcoming gathering on July 15, featuring celebrity appearances and promotional activities. Hormel Foods, known for brands like SKIPPY® and SPAM®, aims to engage the community and highlight local heroes throughout the summer. The NUTMOBILE™ will tour Minnesota to further promote these efforts.

Hormel Foods Corporation (NYSE: HRL) has been recognized as No. 17 on Selling Power's 50 Best Companies to Sell For list, marking the 21st consecutive year of publication. This accolade highlights the company’s commitment to world-class benefits and training programs. Hormel emphasizes a culture of inclusion and talent development, backed by effective sales professionals. The ranking evaluated companies on compensation, sales culture, onboarding, and training strategies. Hormel Foods operates globally, generating over $9 billion in annual revenue.