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) announced the retirements of vice presidents Donnie Temperley and Tim Fritz, effective in spring 2021. Clint Walters and John Forsythe have been promoted to vice presidents of Refrigerated Foods and Grocery Products, respectively. The company also elevated Kari Pollak as the first female plant manager in Austin and Scott Clark to plant manager in Atlanta. CEO Jim Snee praised the retiring leaders for their contributions while expressing confidence in the incoming executives' ability to maintain operational excellence.
Hormel announced the launch of Ghost Reaper World's Hottest Chili with Beans, combining ghost and Carolina reaper peppers to create a spicy chili with over 3 million Scoville Heat Units. This limited-edition product will be available on Target.com starting Oct. 25, with sales while supplies last. The chili pack includes another can of Hormel Chili Hot with Beans for added variety. This launch aims to cater to heat enthusiasts and offers recipe inspirations for consumers.
Jennie-O Turkey Store, a subsidiary of Hormel Foods (HRL), will debut its float at the 94th Macy's Thanksgiving Day Parade on November 26, 2020. This marks the first turkey brand to participate in the event, expected to reach over 50 million viewers. Celebrating its 80th anniversary, Jennie-O aims to promote turkey as an everyday protein through cooking solutions and recipes. A social media campaign, 'Turkey Day Spectacular Sweepstakes,' will engage fans in creating homemade floats. Additionally, Jennie-O will offer a turkey preparation hotline starting November 2, 2020, to assist consumers during the holiday season.
Hormel Foods Corporation has appointed Pierre Lilly as the new senior vice president and chief compliance officer, effective immediately. Lilly, who has been with Hormel since 2016, previously led the internal audit function and has over 25 years of experience in governance, risk, and compliance. He will oversee compliance, risk, and ethics, ensuring adherence to laws and regulations globally. This strategic move aims to reinforce Hormel's commitment to integrity and compliance as the company continues to generate over $9 billion in annual revenue.
On October 15, 2020, Hormel Foods (HRL) set a GUINNESS WORLD RECORDS™ title for the most users in a pizza party video hangout with over 3,000 participants. The event was part of Hormel's Spirit Week, celebrating their team's efforts during the Covid-19 pandemic. The online party resulted in 907 photos uploaded, exceeding the requirement of 500. Hormel also donated $10,000 to the Pizza vs. Pandemic program to assist frontline healthcare workers. Hormel Foods is a leading provider of various pizza toppings, demonstrating community support while enhancing brand visibility.
Hormel Foods has launched a unique product, HORMEL™ BLACK LABEL™ Breathable Bacon, which is a bacon-scented face mask made from two-ply multi-fiber cloth. Available until October 28, consumers can win a free mask by visiting the official website. For every request, Hormel will donate a meal to Feeding America, up to 10,000 meals. This innovative product aligns with Hormel's focus on connecting with bacon lovers and enhancing brand experience. The company has been a leader in food innovations and maintains a strong market presence.
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Hormel Foods Corporation (NYSE: HRL) announced participation in the Dine, Shop & Share for No Kid Hungry campaign, contributing funds to ensure children receive necessary meals for education. Hormel Foods will match donations up to $10,000 until Oct. 16, 2020. The campaign aims to support children facing hunger due to COVID-19, with every $1 donation providing up to 10 meals. Hormel Foods has donated over $50 million in cash and products in the last five years, demonstrating strong corporate responsibility.
Hormel Foods Corporation (NYSE: HRL) declared a quarterly dividend of 23.25 cents per share, to be paid on November 16, 2020. This will mark the 369th consecutive quarterly dividend paid since the company went public in 1928. Stockholders of record as of October 19, 2020 will receive this payment. Hormel has maintained regular dividend payments without interruption, reinforcing its stability and commitment to returning value to shareholders.
Hormel Foods has launched a promotional tour featuring its new Hormel™ Black Label™ Oven-Baked Egg Bites, with free samples available at various retail locations across the East Coast and Midwest. The tour kicks off on Sept. 28 in Flemington, N.J., and concludes on Oct. 23 in Homewood, Ill.. Hormel aims to engage consumers and express gratitude to healthcare workers during the ongoing pandemic. The Egg Bites, priced at $3.49, can be found at major retailers including Walmart and Shop Rite.
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