Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods (NYSE: HRL) has scheduled its fourth quarter and full-year financial results conference call for December 4, 2024, at 8 a.m. CT. The earnings release will be issued before market open. Key executives, including CEO Jim Snee, CFO Jacinth Smiley, EVP Retail John Ghingo, and VP Corporate Development Nathan Annis, will discuss financial results and the company's transform and modernize initiative. The webcast and replay will be available on the company's investor website.

Hormel Foods has been recognized on Military Times' 2024 Best for Vets employer list for the 12th consecutive year. The recognition highlights the company's commitment to recruiting, retaining, and supporting current and former service members, military spouses, and caregivers. The evaluation process involves an unbiased analysis of companies' recruitment practices, employment initiatives, and support programs.

Richard Carlson, vice president of Quality Management and executive sponsor of HMVET, emphasized the company's long-standing military support through active recruitment and food supply services. The company's HMVET employee resource group assists military members and their families with company integration while maintaining camaraderie throughout their careers.

Hormel Foods has been recognized by Vault as having one of the nation's top 150 internship programs, particularly excelling in Engineering, Sales, Marketing, and Communications categories. The company welcomed nearly 100 college students this year, focusing on providing an inclusive and meaningful experience. Vault's recognition was based on a survey of over 20,000 interns who rated experiences in areas including career development, employment prospects, quality of life, compensation, diversity, and interview process.

The company maintains a remarkable 70% conversion rate of interns to full-time positions after graduation, demonstrating its commitment to talent development and career advancement opportunities.

The makers of the JENNIE-O® turkey brand have announced that their 1-800-TURKEYS hotline will be available for the 17th consecutive year, starting Nov. 1. This service aims to support consumers with holiday meal planning and preparations. According to a recent survey, most people take up to two weeks to plan and cook their Thanksgiving meal, with some states like Delaware starting preparations as early as 17 days in advance.

The brand is offering several new resources this year, including:

• New menu ideas for various preferences and gathering sizes
• Nationwide turkey donations
• Participation in the 98th Macy's Thanksgiving Day Parade

Consumers can seek assistance through the hotline, live chat on jennieo.com/hotline/, or by texting "TURKEY" to 73876. JENNIE-O® offers a variety of turkey options, including fresh and frozen whole turkeys, turkey breasts, and their convenient OVEN READY™ products.

Hormel Foods has launched HORMEL® Pepperoni Confetti, a -time product featuring a unique ribbon shape designed for even distribution on pizzas and maximum flavor in every bite. This innovative twist on classic pepperoni is suitable for various uses, including pizzas, appetizers, and snacking straight from the bag.

Andrew McElroy, associate brand manager at Hormel Foods, emphasized the company's commitment to pushing flavor and creativity boundaries with this new product. HORMEL® Pepperoni Confetti is now available at select retailers for a time, offering consumers a new pepperoni experience that promises to make every bite a celebration.

The makers of the PLANTERS® brand are launching their holiday season with a new -edition flavor: Toasted Marshmallow Hot Chocolate Cashews. This new offering is accompanied by the return of fan-favorite holiday flavors and a new giveback program. The campaign, 'Open the Magic', begins on Nov. 1, 2024, giving fans a chance to win $1,000 for themselves and another $1,000 for a charity of their choice.

The new Toasted Marshmallow Hot Chocolate Cashews are kettle roasted with cocoa and toasted marshmallow flavors, available in 5.5-ounce stand-up bags for $4.99 (MSRP) nationwide. Returning holiday flavors include Butter Cinnamon Pecans, Brittle Nut Medley, Holiday Nut Crunch, and Winter Spiced Mix. Fans can find PLANTERS® brand holiday products using the store locator at Planters.com or by shopping on Amazon.com.

The makers of HERDEZ® salsa announce the launch of House of Heritage, a one-day immersive experience celebrating Hispanic heritage and culture on October 10, 2024, at Chelsea Market in New York City. This event, honoring Hispanic Heritage Month, offers:

• Cooking demonstrations by Michelin-starred Chef Cosme Enrique Aguilar
• 'Dipiquette' tutorials by social media personality Harry Hill
• Art installations by NYC-based Mexican artists
• Nail art customization by Latina-owned Chillhouse spa

The experience aims to showcase Mexican cuisine, salsa dipping techniques, and cultural expressions. The first 100 attendees may receive a -edition tote bag. The event is open to the public from 12:00pm to 5:00pm, offering a unique opportunity to explore Mexican culinary and cultural heritage.

Hormel Foods (NYSE: HRL) made significant contributions during Hunger Action Month in September, donating over $450,000 to combat food insecurity. Key initiatives included:

1. Partnering with Austin High School to assemble 24,000 snack packs for students and local food shelves.

2. Granting $10,000 to each of its 45 production facilities for local hunger-relief organizations.

3. Organizing a hometown celebration concert with matched donations for local food banks.

These efforts contribute to Hormel's 20 By 30 Challenge, aiming to deliver 70 million meals and create a food-secure community program by 2030. In 2023, the company donated $12.5 million in cash and products, including $10 million for hunger relief, equivalent to 9.2 million meals.

The makers of HORMEL® Chili, America's No. 1 selling chili brand, have announced the return of their -edition HORMEL® Ghost Reaper World's Hottest Chili with Beans. This seasonal favorite combines classic chili with beans infused with two of the world's hottest peppers — ghost and Carolina — delivering an intensely spicy experience. The chili boasts over 3 million Scoville Heat Units, making it the hottest chili in the brand's history.

Each 15-ounce can is priced at a suggested retail price of $2.98. Jason Hron, brand manager for HORMEL® chili, emphasizes the extreme heat and flavor of the product, suggesting it as an addition to chili cheese dip for gameday gatherings. The HORMEL® Ghost Reaper World's Hottest Chili with Beans is now available at select Walmart stores while supplies last.