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 has launched its new Hormel® pretzel bites and cheese tray as part of its Hormel Gatherings® line, responding to the growing trend in snack consumption amid the COVID-19 pandemic. This innovative product features soft pretzel bites and cheddar cheese sauce, packaged for easy preparation and intended for small gatherings or in-home entertainment. Priced between $6.99 and $7.99, this product is designed to appeal to families and is available in select deli sections.
Hormel Foods Corporation (NYSE: HRL) announced its definitive agreement to acquire the Planters® snack nut portfolio from Kraft Heinz Company (Nasdaq: KHC) for $3.35 billion in cash. This transaction, expected to close in calendar Q2 2021, represents an effective purchase price of $2.79 billion after accounting for a tax benefit valued at $560 million. The acquisition adds a $1 billion brand to Hormel's portfolio, broadening its presence in the growing snacking market and anticipated to yield $50-60 million in synergies by 2024.
Hormel Foods Corporation (NYSE: HRL) will announce its first quarter financial results before the market opens on February 18, 2021. A conference call featuring CEO Jim Snee and CFO Jim Sheehan will commence at 8:00 a.m. CT (9:00 a.m. ET) to discuss the earnings report. Investors can listen live via the company's website or by dialing in using the provided numbers. Hormel Foods, a global food company based in Austin, Minn., boasts over $9 billion in annual revenue and includes well-known brands like SPAM® and SKIPPY®.
Hormel Foods Corporation (NYSE: HRL) has launched its new digital thought-leadership series, "Heart to Table", featuring stories and interviews with renowned chefs and food influencers. This initiative aims to celebrate the intersection of food, culture, and personal experiences. Brent Graber and host Laurie March lead the series, showcasing new podcast episodes and social media interactions. Esteemed guests include Chef Michael Mina and others, who share insights and recipes. The first four episodes are available now, with new releases scheduled monthly.
Hormel Foods Corporation (NYSE: HRL) announced that Glenn Leitch, executive vice president of supply chain, will retire in Q2 2021. Mark Coffey, senior vice president of supply chain and manufacturing, will take over as group vice president of supply chain. Jen Ehresmann has been named vice president of supply chain. Hormel's supply chain encompasses over 30 production facilities worldwide. Jim Snee praised Leitch's leadership during the pandemic for ensuring workforce safety and product availability. Hormel Foods reported over $9 billion in annual revenue and is part of the S&P 500 Index.
Hormel Foods Corporation (HRL) announced ambitious environmental sustainability goals as part of its 20 By 30 Challenge. By 2030, the company aims to match 100% of its global energy use with renewable sources and set science-based targets for greenhouse gas emissions reduction by 2023. Hormel also plans to enhance water quality through regenerative agriculture initiatives. These initiatives build on previous achievements in reducing packaging, energy use, emissions, water use, and landfill waste. Hormel has received recognition for its corporate responsibility, being named among the best corporate citizens and responsible companies.
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Hormel Foods Corporation (NYSE: HRL) has unveiled its top food trend predictions for 2021, reflecting evolving consumer preferences amid the pandemic. Key trends include New Routines & Rituals, where convenience products will gain popularity. Intentional Leftovers will promote creative cooking for meals that can be repurposed. Hot Honey is expected to be a favorite ingredient, while Creative Charcuterie remains a growing trend. Other notable mentions are Travel by Food, Drive-by Snacking, Waffling, and a focus on Wellness. Hormel continues to strive for innovation in culinary experiences.
Hormel Foods Corporation (NYSE: HRL) announced the opening of Papillion Foods in Papillion, Neb., a state-of-the-art facility designed for dry sausage production. The 535,000-square-foot plant showcases advanced sustainability features, including automated systems and LED lighting. The company plans to hire about 350 local employees in its first operational year to meet increasing demand for products under its Columbus® Craft Meats and Hormel® brands. This development reflects Hormel's commitment to enhancing production capacity and providing community employment opportunities.
Hormel Foods Corporation (NYSE: HRL) will hold its 2021 Annual Meeting of Stockholders virtually on January 26, 2021, at 6 p.m. CST due to the COVID-19 pandemic. Only registered stockholders as of November 27, 2020, can participate and vote electronically using a control number provided in proxy materials. The meeting will include a Q&A session, with the option to submit questions in advance. Guests may register to attend but cannot vote. Notably, gift boxes will not be distributed this year for safety reasons.
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