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 Hormel™ Black Label™ Oven-Baked Egg Bites and Hormel™ Black Label™ Breakfast Combos, targeting consumers seeking convenient, high-protein breakfast options. The egg bites come in three varieties, each rich in protein, with the Bacon version containing 16 grams per serving. Available in microwaveable trays, these products retail for $3.49. The Breakfast Combos feature pancakes paired with bacon or sausage, priced at $2.99. Both product lines aim to meet the increasing demand for quick and nutritious breakfast alternatives.
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Hormel Foods announces the launch of its Happy Little Plants® pepperoni style topping at select Papa Murphy's locations. This new plant-based option caters to the growing consumer demand for healthier food choices without sacrificing taste. Developed in collaboration with chefs and foodservice operators, the topping maintains a traditional pepperoni flavor profile. The launch will occur in cities including Austin, Dallas, and Las Vegas. Hormel continues to expand its plant-based offerings, having introduced the Happy Little Plants® brand in 2019.
Hormel Foods has launched the inaugural "10 Under 20 Food Heroes Awards" to honor ten remarkable youths working for a sustainable food system. Celebrated during the company's Spirit Week from Sept. 14-18, the awards ceremony replaces the Small Change Big Impact Food Summit at Harvard University, postponed due to COVID-19. Awardees will receive grants to support their initiatives against food insecurity and environmental protection. Hormel also recognized 19-year-old Joshua Williams for his charitable work, which has assisted over 600,000 individuals.
The HERDEZ® brand, known as the top-selling salsa brand in Mexico, has launched a new line of refrigerated guacamole featuring authentic flavors and simple ingredients. Debuting in the U.S., the HERDEZ™ Traditional Guacamole line is made with seven ingredients, including Hass avocados and fresh vegetables, and comes in Mild and Spicy varieties. Priced between $2.64 and $5.99, it aims to cater to the growing avocado consumption in American households. This new product will be available nationwide in grocery store deli sections.
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Hormel Foods Corporation will participate in the Barclays Global Consumer Staples Virtual Conference on September 8, 2020, at 2:00 p.m. ET. Key executives, including Jim Snee (CEO) and Jim Sheehan (CFO), will present and engage in a fireside chat. Investors can access the live webcast via the company's website. A replay will be available for 180 days post-event. Hormel, known for brands like SPAM® and SKIPPY®, generates over $9 billion in annual revenue across more than 80 countries.
Hormel Foods has launched the Inspired Pathways program, aimed at providing college education opportunities for the dependent children of its team members. This initiative will commence in the 2021-2022 academic year, partnering with community colleges where the company operates. Designed to be inclusive, it requires only high school graduation and meeting community college entry criteria. The program also includes mentorship and career development support. This follows the success of the Hormel Foundation Austin Assurance Scholarship, affirming Hormel's commitment to educational equality.
Hormel Foods Corporation (NYSE: HRL) reported its third-quarter fiscal 2020 results, showcasing a record net sales of $2.4 billion, up 4% year-over-year. Volume increased by 4% to 1.2 billion lbs., while diluted earnings per share remained flat at $0.37. Despite a 1% decline in pretax earnings to $259 million and an 11% drop in operating margin, cash flow from operations surged by 59%. The company faced approximately $40 million in incremental supply chain costs due to COVID-19. Outlook remains cautious due to uncertain foodservice recovery but anticipates continued strength in retail.
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