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.
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 (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.
Hormel Foods (NYSE: HRL) has announced that Jeff Baker will become the new group vice president for Retail marketing at the end of fiscal 2025, succeeding Scott Aakre who is retiring. Baker, a 35-year veteran at Hormel, will be responsible for evolving the company's brand portfolio, enhancing its presence in snacking and entertaining, and driving growth in its food-forward portfolio.
Baker's extensive career at Hormel began in 1990, progressing through various roles in sales, product management, and marketing. His previous positions include vice president of marketing for Foodservice (2012), group vice president of Foodservice (2015), group vice president of Deli (2018), and his current role as group vice president of Retail marketing for Value-Added Meats (2022).