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 reports developments as a global branded food company with a portfolio spanning Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O and other food brands. Company updates commonly address quarterly earnings, dividends on common stock, product and menu innovation, foodservice offerings, retail launches, and portfolio actions across perishable and shelf-stable foods.
Recent corporate news also reflects Hormel's shift toward value-added proteins, including the completed sale of its whole-bird turkey business while retaining the Jennie-O brand and value-added turkey products. Other recurring themes include food safety and quality leadership, community programs tied to food security, and brand activity in categories such as pizza toppings, sauces, marinades, nut butters and packaged proteins.
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.
Hormel Foods has launched new Happy Little Plants® plant-based protein puffs, designed for convenient snacking. Each serving offers 16 grams of plant-based protein and is available in three flavors: Ranch, Nacho Cheese, and Cinnamon & Sugar. The product is gluten-free and contains no preservatives, catering to the growing demand for plant-based options. Sold exclusively on Amazon.com, this product aligns with Hormel's commitment to providing nutritious plant-based solutions. Hormel Foods, with over $9 billion in annual revenue, continues to diversify its offerings in the health-conscious market.
Hormel Foods Corporation (NYSE: HRL) launched the virtual Season(ed) Greetings campaign to spread holiday cheer. Running through December, the campaign invites users to share virtual 'seasonings' via social media, with each share resulting in a meal donation to Conscious Alliance (up to 20,000 meals). The initiative also features a Concert of Hope & Thanks on Dec. 11, 2020, with an online auction for charity. Hormel has contributed over $50 million in food and cash donations to hunger relief over five years. This campaign aims to foster community support during the pandemic.
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Hormel Foods (HRL) announced significant donations for Giving Tuesday, contributing $20,000 each to Make-A-Wish Minnesota and Feeding America. These donations are part of ongoing COVID-19 relief efforts, which have supplied millions of meals this year. Additionally, the company introduced its Inspired Pathways program, offering free college education to employees' children. Over the past five years, Hormel has contributed more than $50 million in cash and product donations to various causes, highlighting its commitment to community support.