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 Corporation (NYSE: HRL) has scheduled a conference call on May 20, 2021, at 8:00 a.m. CT to discuss its second quarter financial results. The earnings press release will be issued before the markets open on the same day. Investors can access the call via phone or a live webcast on the company's website. Hormel Foods, a global food company with over $9 billion in annual revenue, features brands like SKIPPY® and SPAM®, and is a member of the S&P 500 Index.
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Hormel Foods Corporation (NYSE: HRL) has appointed Jacinth Smiley as the new group vice president of corporate strategy, effective immediately. Smiley, who reports to Jim Snee, brings extensive experience from top Fortune 500 companies, including a previous role at LyondellBasell as vice president and chief accounting officer. She replaces Jim Splinter, who retired last year. This leadership change aims to enhance Hormel's growth and investment strategies as a global branded food company, which has over $9 billion in annual revenue and operates in more than 80 countries.
Hormel Foods Corporation (NYSE: HRL) announced a quarterly dividend of $0.2450 per share, set to be paid on May 17, 2021, to shareholders of record by April 12, 2021. This marks the 371st consecutive quarterly dividend paid by the company, which has maintained this record since becoming public in 1928. Hormel Foods, with annual revenue exceeding $9 billion, is known for brands like SKIPPY and SPAM.
Hormel celebrates National Pi Day on March 14, 2021, highlighting a survey showing pepperoni as America's favorite pizza topping, chosen by 79% of respondents. Conducted by The Harris Poll, the survey indicates that 73% of Americans find pizza comforting during the COVID-19 pandemic, with 60% citing its deliciousness as the top reason. Nearly half (47%) prefer pepperoni when dining with family and friends. The brand's commitment to quality continues, as Hormel remains America's leading pepperoni brand.
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Hormel Foods Corporation introduced the new Perfect Plate™ products designed for retailers to meet the growing demand for touch-free, convenient meal options. These products help lessen back-of-house challenges by eliminating the need for deli staff to handle or assemble meals. The offerings include five meal varieties like Brisket Mac & Cheese and Chicken Fettuccine Alfredo, and four protein starter options. Retail prices range from $6.99 to $7.99. The initiative aims to capitalize on the trend for ready-to-eat meals, enhancing the selection available in stores.
Hormel Foods Corporation (NYSE: HRL) announced on February 22, 2021, the appointment of Jeff Frank as vice president of Grocery Products, overseeing the strategic integration of the recently acquired Planters and Corn Nuts brands, expected to complete by summer 2021. Jim Snee, CEO, emphasized that this acquisition is the largest in Hormel's history, requiring focused leadership. Additionally, Annemarie Vaupel was promoted to vice president of marketing for the Foodservice division, continuing her significant contributions to the company.
Hormel Foods Corporation (NYSE: HRL) reported its first-quarter fiscal 2021 results, revealing a record net sales of $2.5 billion, up 3% year-over-year. However, pretax earnings fell 5% to $277 million, with diluted earnings per share declining 9% to $0.41. Despite a 1% drop in volume, all segments achieved sales growth, particularly Grocery Products and International segments. Looking ahead, Hormel anticipates full-year EPS guidance between $1.70 and $1.82, excluding the impact of the planned acquisition of the Planters snack nuts business for $2.79 billion.
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.