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.
Summary not available.
Jennie-O Turkey Store launches its 1-800-TURKEYS hotline on November 2, 2020, offering support for holiday turkey preparations. Consumers can access live chat and text messaging with specialists for cooking tips and meal ideas. The hotline will operate until November 29, 2020, and will feature consultations with chefs starting November 19. Additionally, Jennie-O introduces the Turkey Tracker feature, allowing customers to trace their turkeys back to their farms. With over 1,500 turkey products, Jennie-O aims to simplify holiday meal planning.
Hormel Foods Corporation (NYSE: HRL) announced the promotion of Paul Kuehneman and Eldon Quam to assistant controllers. Kuehneman will manage financial operations for the supply chain and Jennie-O Turkey Store, while Quam will oversee the Grocery Products and International segments. Both promotions are expected to bolster Hormel's financial capabilities. Kuehneman, with a long history at Hormel since 1993, previously served as CFO for Jennie-O Turkey Store. Quam, who joined in 1998, was involved with Oracle implementations and has held several key financial roles.
Summary not available.
Hormel Foods Corporation (NYSE: HRL) has appointed Leslie Lee as the new vice president of digital experience, effective immediately. Lee, who has nearly 20 years of experience in consumer packaged goods marketing and digital strategy, will oversee the company's digital and e-commerce operations. This strategic hire follows significant growth in Hormel's online business. Lee takes over from Stephen Koven, who has left the company. Hormel Foods, with over $9 billion in annual revenue, continues to enhance its omnichannel presence to cater to evolving consumer preferences.
Hormel Foods has launched two new bacon products under the Hormel® Black Label® brand: Ranch Thick Cut Bacon and Classic Country Style Thick Cut Bacon. The Ranch flavor is hand-rubbed with ranch seasoning and naturally hardwood smoked, aiming to appeal to ranch lovers. The Classic Country Style Bacon is crafted with high-quality ingredients and smoked for over 10 hours, enhancing its flavor. Both products are available in 12-ounce packages at select Walmart and Spartan Nash locations. Hormel Foods reported over $9 billion in annual revenue, indicating strong market presence.
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.