Hormel Foods Corp Stock Price, News & Analysis

Hormel Foods (NYSE: HRL) has been recognized as one of the 60 Best Companies to Sell For by Selling Power magazine for the 24th consecutive year. The recognition highlights the company's sales organization excellence, focusing on their sales team's effectiveness in customer relationships and product distribution.

The selection process evaluated companies across multiple criteria, including compensation and benefits, hiring practices, sales training, sales enablement, and diversity and inclusion. The company's sales professionals are responsible for increasing product distribution, expanding product usage, and implementing marketing strategies while serving as primary customer contact points.

Hormel Foods (NYSE:HRL) has announced that its COLUMBUS® Craft Meats brand is launching its first standalone pepperoni deli product, COLUMBUS® Uncured Pepperoni. The launch comes as the deli pepperoni category shows strong growth with $108 million in retail sales and a 5.5% year-over-year increase.

The new product is crafted with whole cuts of hand-trimmed pork and seasoned with cracked fennel and paprika, featuring a bold, spicy, and smoky flavor profile. The uncured pepperoni is slow-aged, contains no added nitrates or nitrites (except those naturally occurring in celery juice powder and sea salt), and is gluten-free with no MSG or trans fats.

The product is being launched at select retailers nationwide with a suggested retail price of $5.69 for a 4-ounce tray. According to market research, nearly 70% of consumers are seeking new flavors and sizes in deli pepperoni, indicating strong market potential for this product launch.

Hormel Foods (NYSE: HRL) has announced significant leadership changes, with John Ghingo being promoted to president and Jeffrey M. Ettinger returning as interim CEO for 15 months, effective July 14, 2025. Ghingo, who will become the company's 11th president and join the board of directors, currently serves as executive vice president for Retail and brings 15 years of leadership experience from Mondelēz International. In his new role, he will oversee Retail, Foodservice, and International segments, along with global operations and corporate strategy. Ettinger, who previously served as the company's 9th president and CEO, will oversee corporate functions including finance, legal, and human resources during his interim period. The board plans to appoint a permanent CEO in October 2026.

The PLANTERS brand is marking the 90th anniversary of its iconic NUTmobile program with a modernized vehicle and three new Peanutters. The updated NUTmobile features innovative additions including a peanut door handle, neon-lit selfie station, and 360-degree exterior camera. The new Peanutter team consists of Aria Conte (Butler University graduate), Hudson Ritchie (University of Illinois alum), and Adleigh Mayes (Freed-Hardeman University graduate), who will embark on a year-long nationwide tour. Under the leadership of Patrick Horbas, PLANTERS marketing director, the team will continue the tradition of engaging with fans through interactive events and photo opportunities. The public can follow the NUTmobile's journey on Instagram and TikTok or visit the official website for event updates.

WHOLLY GUACAMOLE, America's leading refrigerated guacamole brand, has partnered with Tajín to launch a new Chile Lime flavor product. The innovative collaboration combines WHOLLY GUACAMOLE's signature creamy guacamole with Tajín Clásico Seasoning, targeting the growing demand for spicy flavors, particularly among Gen Z consumers, with 62% more likely to purchase spicy food items. Priced at $3.99-$4.49, the product includes two customizable Tajín seasoning sachets and will be available nationwide at retailers including Walmart, Albertsons, and Wegmans. The partnership leverages both brands' strengths, with WHOLLY being the #1 refrigerated guacamole brand and Tajín being the top-selling chile-lime seasoning in the U.S.

Hormel Foods (NYSE: HRL) reported its Q2 FY2025 results with net sales of $2.90 billion and organic net sales growth of 1%. The company achieved diluted earnings per share of $0.33 (adjusted EPS of $0.35) and operating income of $248 million. For the first half, net sales reached $5.89 billion with operating income of $477 million. Hormel narrowed its FY2025 guidance, projecting organic net sales growth of 2-3% and adjusted diluted EPS of $1.58-$1.68. Key highlights include strong performance from Applegate® brand, growth in Jennie-O® ground turkey, and double-digit growth in Mexican foods portfolio. The Planters® brand showed sequential improvement, while the company's international segment saw 7% net sales growth. Hormel also announced operational efficiency improvements through its Transform and Modernize initiative, expecting $100-150 million in benefits.

Hormel Foods (HRL) is launching its award-winning internship program, welcoming 95 students from 50 colleges and universities across the United States. The paid, full-time summer internships span various departments including sales, food science, engineering, and marketing. The program boasts an impressive 70% conversion rate of interns to full-time employees.

Led by Amy Sheehan, director of talent acquisition, the program offers hands-on business experience and opportunities to work directly with company leadership. In 2024, the program received recognition from Vault, earning a category award for "Best Internships for Engineering, Sales, Marketing and Communications."

The PLANTERS® brand and Miller High Life® have announced a collaboration to launch a limited-edition Bar Nut Mix, combining their iconic brands for a unique summer snack offering. The mix features seasoned peanuts and almonds with Cajun-style corn sticks, pretzel sticks, rice crackers, and garlic bread sticks.

This launch continues the partnership between the two brands, following their 2023 merchandise collaboration, the NUTmobile dive bar transformation, and the 2024 Ultimate Dive Bar Wedding featuring MR. PEANUT®. The product will be available exclusively on Amazon starting May 20, 2025, while supplies last.

Hormel Foods (NYSE: HRL) has declared a quarterly dividend of $0.29 per share, as authorized by its Board of Directors on May 19, 2025. The dividend will be paid on August 15, 2025, to stockholders of record as of July 14, 2025. This marks the company's 388th consecutive quarterly dividend payment, highlighting Hormel's remarkable track record of uninterrupted dividend payments since becoming a public company in 1928.