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.
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.
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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.
Hormel Foods Corporation (NYSE: HRL) will conduct a virtual Investor Update on October 14, 2021, starting at 9:00 am ET and ending at 11:00 am ET. This event will include a management presentation followed by a live Q&A session. Interested participants can register and view the webcast at investorupdate.hormelfoods.com. For questions, attendees may email IR@Hormel.com or call (844) 479-5350, using passcode 4262615. Hormel Foods is a global branded food company with over $10 billion in annual revenue.
Hormel Foods Corporation (NYSE: HRL) announced a partnership between its venturing company, 199 Ventures, and The Better Meat Co. to develop plant-based protein products utilizing Rhiza, a mycoprotein derived from potato fermentation. The collaboration aims to enhance Hormel's offerings in the growing alternative protein market, highlighting Rhiza's nutritional benefits, including higher protein content than eggs and more iron than beef. This initiative marks Hormel's continued investment in sustainable food innovation.
Hormel Foods Corporation (NYSE: HRL) announced the premiere of its new film Out of the Smoke, showcasing the journey of retired smokejumper Kenneth Perry. The film, created by renowned documentarians, emphasizes the relationship between smokejumpers and SPAM® products, which have been vital for wildland firefighters since 1939. Hormel has committed to donating $25,000 to the Wildland Firefighter Foundation to honor these heroes.
Hormel Foods Corporation (NYSE: HRL) declared a quarterly dividend of 24.50 cents per share on September 27, 2021. This dividend will be paid on November 15, 2021, to shareholders on record as of October 18, 2021. This payment marks the 373rd consecutive quarterly dividend since becoming public in 1928. Hormel Foods, generating over $10 billion in annual revenue, operates globally with numerous well-known brands, and is recognized as a member of the S&P 500 and Dividend Aristocrats.