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Hormel Foods to Partner with The Better Meat Co. for Food Forward Alternative Protein
Hormel Foods Corporation, a global branded food company, today announced its venturing company, 199 Ventures, has entered into an exclusive partnership with The Better Meat Co. to bring new mycoprotein and plant-based protein products to the marketplace. 199 Ventures was formed in 2019 by Hormel Foods to be the company's food forward incubator, which includes investing in companies that align with Hormel Foods growth strategies.
The two companies will work together to develop the next generation of great-tasting, wholesome, and...
Hormel Foods Shares Food Journey Progress in 15th Annual Corporate Responsibility Report
Hormel Foods Corporation today announced the launch of its 15th annual corporate responsibility (CR) report. The report contains in-depth information about the company's CR progress in fiscal 2020. In addition, the company has launched a new set of CR goals to guide its programs through 2030.
"Our commitment to making the world in which we live a better place has never wavered. We're proud that we surpassed our 2020 nonrenewable energy use, water use, solid waste sent to landfills and product packaging reduction goals, and achieved..."
Hormel Foods Reports Third Quarter Results and Updates Full Year Earnings Guidance Range
Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2021. All comparisons are to the third quarter of fiscal 2020 unless otherwise noted.
EXECUTIVE SUMMARY – THIRD QUARTER
- Volume of 1.2 billion lbs., up 1%; organic volume1 down 2%- Record net sales of $2.9 billion, up 20%; organic net sales1 up 14%- Net sales growth from all four segments and all four sales channels- Net sales up 25% compared to 2019 pre-pandemic levels- Operating income of...
Jennie-O Launches New Turkey Barbacoa Innovation for Foodservice
Jennie-O Turkey Store announced the company's newest, recipe ready turkey innovation that is geared toward foodservice operators – a fully cooked turkey barbacoa seasoned and marinated with paprika, garlic and guajillo chili pepper spices. This lean turkey protein is on trend with consumers who are seeking more flavorful, nutritious menu options.
"Our new turkey barbacoa is an exciting product that foodservice operators can just heat and shred," said Katie Lynch, associate brand manager for Jennie-O Foodservice. "We were intentional about the use of guajillo chili pepper for seasoning..."
The Makers of Happy Little Plants Brand Launch Plant-Based Pepperoni Style Topping
For any pizzeria or restaurateur looking to add plant-based pizazz to their pizzas, Hormel Foods is introducing Happy Little Plants pepperoni style topping. Everyone should be able to enjoy the experience of pepperoni pizza. Our plant-based pepperoni-style topping will impress both plant-lovers and pork enthusiasts.
"Our team worked closely with pizzerias, chefs, foodservice operators and pizza experts to develop a plant-based pepperoni style topping that...
Hormel Foods Announces Closing of Acquisition of Planters Snacking Business
Hormel Foods Corporation announced the closing of its acquisition of the Planters® snacking portfolio from the Kraft Heinz Company.
The acquisition includes the Planters®, NUT-rition®, Planters® Cheez Balls and Corn Nuts®brands, as well as three production facilities.
"This is an important day for Hormel Foods as we close the largest acquisition in our company's history. As a global branded food company, we have been making a purposeful and strategic shift in our portfolio of brands and products, which includes enhancing our snacking offerings. The Planters® snacking business is...
Sadler's Smokehouse Introduces Authentic Ready-to-Eat Pit-Smoked Texas Barbeque
Sadler's Smokehouse is introducing ready-to-eat beef brisket, pulled pork, pulled chicken and St. Louis Ribs at select retailers this summer. The new line of Sadler's Smokehouse® products is pit-smoked low and slow, using butcher-quality cuts of meat, no artificial ingredients, Texas hardwoods and 65 years of family barbeque tradition.
"First and foremost, these products come already prepared in the tradition of real Texas barbeque, giving home barbeque enthusiasts and cooks the freedom to enjoy more time together while experiencing...
Hormel Foods Reports Second Quarter Results
Hormel Foods Corporation reported results for the second quarter of fiscal 2021. All comparisons are to the second quarter of fiscal 2020 unless otherwise noted.
Executive Summary - Second Quarter
Hormel Foods Appoints Jacinth Smiley Group Vice President of Corporate Strategy
Hormel Foods Corporation, a global branded food company, announced the appointment of Jacinth Smiley as group vice president of corporate strategy. Smiley will report to Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods.
In this role, Smiley will be responsible for leading the development and execution of the company's growth and investment strategies, enabling its acceleration as a global branded food company. Smiley replaces Jim Splinter, former group vice president of corporate strategy, who retired last year.
"Jacinth is an accomplished business executive with senior global leadership experience at top Fortune 500 companies," Snee said. "She has an exceptional finance background with...
Nearly 4 in 5 Americans Believe Pizza is Better with Pepperoni on It
This year, National Pi Day (March 14, 2021) will once again be celebrated by the making and eating of the most enjoyed and desired pie across the country - pizza. A recent survey, commissioned by the makers of Hormel® Pepperoni and conducted online by The Harris Poll among over 2,000 U.S. adults, reveals that pepperoni is America's favorite pizza topping, with Americans being more than twice as likely to choose it above the next most popular option, sausage (38% vs. 15%). In fact, four in five Americans (80%) say pepperoni goes with pizza like peanut butter does with jelly.
Pizza traditions may be passed on for generations, with the pizza pie becoming symbolic with fun, laughter and gathering with those you love. This is particularly true among millennials (ages 25-40), 81% of whom have nostalgic memories of eating pizza with...
Hormel Deli Solutions Launches New Brand Offering Consumers a Touch-Free Dinner Experience
As more consumers shop for touch-free meal options that are not challenging or time consuming to prepare, yet still deliver on quality, taste and convenience, retailers can turn to the Hormel Deli Solutions Group for the "perfect" selection. The new Perfect Plate™ products are made to make it easy for retailers to deliver what consumers are looking for in a touch-free, convenient meal while easing the back of house challenges that may come with prepared meal products.
"Our new Perfect Plate™ products were specifically designed for retailers to capitalize on this growing trend in prepared meal options, while eliminating the need for deli staff to assemble, or even handle the food before putting it on shelf," said Megan Ward, deli brand manager, Hormel Deli Solutions Group. "The Perfect Plate™ products offer...
Hormel Foods Announces Executive Appointments
Hormel Foods Corporation, a global branded food company, announced the appointments of Jeff Frank to vice president of Grocery Products, leading the strategic integration of the Planters and Corn Nuts brands into Hormel Foods. The Planters and Corn Nuts acquisition was announced on February 11, and is expected to be completed by the summer. Frank currently serves as vice president of marketing for the Foodservice business within Hormel Foods. Additionally, Annemarie Vaupel, currently director of marketing for the Foodservice division, will advance to vice president of marketing for the Foodservice division.
"The Planters acquisition is the largest in the company's history and one that is going to require dedicated leadership and significant focus," said Jim Snee, chairman of the board, president and chief executive officer. "Jeff has broad experience within Hormel Foods and...
Hormel Foods Reports First Quarter Results And Provides Full Year Guidance
Hormel Foods Corporation, a leading global branded food company, reported results for the first quarter of fiscal 2021. All comparisons are to the first quarter of fiscal 2020 unless otherwise noted. Operating free cash flow is presented as a non-GAAP metric.
Executive Summary - First Quarter
Hormel Foods Adds Another Strategic Leading Brand to its Portfolio with the Acquisition of Planters
Hormel Foods Corporation, a global branded food company, announced that it has entered into a definitive agreement to acquire the Planters® snack nut portfolio from the Kraft Heinz Company. The proposed transaction is expected to close in calendar Q2 2021, subject to regulatory review and approval. The acquisition includes the Planters®, NUT-rition®, Planters®Cheez Balls and Corn Nuts®brands. Hormel Foods will acquire the business for $3.35 billion in cash in a transaction that provides a tax benefit valued at approximately $560 million, equating to an effective purchase price of $2.79 billion.
"Planters®is an iconic leading snack brand with universal consumer awareness," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "The acquisition of the Planters®business adds another...
Hormel Foods Announces the Retirement of Glenn Leitch, Executive Vice President, Supply Chain
Hormel Foods Corporation announced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. Mark Coffey, currently senior vice president of supply chain and manufacturing for Hormel Foods, will advance to group vice president of supply chain and will lead the company's global supply chain. Additionally, Jen Ehresmann was named to vice president of supply chain. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide.
"Glenn's expertise has been invaluable as we have optimized our global supply chain to be more strategic, cost-effective and agile to meet the needs of today's changing marketplace," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "During this last year, facing an...
Survey: Meat Will Be a Key Ingredient for Americans Resolving to Eat Better in 2021
As many Americans are into week one of a new eating regimen, Applegate found that 72% of those surveyed believe meat should be part of a healthy diet and that 55% are resolving to cut back on sugar.
Despite the rising popularity of plant-based trends and lab-created “meat” substitutes, the survey found 58% of adults have no plans to consume less meat in 2021 and illustrated how consumers are seeking natural and organic meat products with...
Hormel Foods and Acclaimed Chefs Reveal Top Food Trends for 2021
Goodbye, 2020, and hello 2021! Hormel Foods Corporation, a global branded food company, is helping culinary enthusiasts around the world welcome 2021 with an exciting round-up of food trends to expect in the new year.
"It's no surprise that comfort food, sourdough bread and whipped coffee had big moments this past year, as people hunkered down and spent more time at home than ever before," said Heather Vossler, director of innovation and insights at Hormel Foods. "What's interesting is that as we all eagerly look ahead to the fresh start of a new year, we're seeing...
Hormel Foods Opens its Newest Production Facility
Hormel Foods Corporation, a global branded food company, announced the opening of its newest production facility, Papillion Foods, located in Papillion, Nebraska, which will make dry sausage products for the company.
"We are excited to be opening up this facility to not only help meet the demand for our branded sausage products, but also provide fantastic career opportunities in our community," said Ed Finnegan, Papillion Foods plant manager. "We've been able to...
Hormel Foods Reports Fourth Quarter and Fiscal 2020 Earnings
Hormel Foods Corporation reported results for the fourth quarter of fiscal 2020. All comparisons are to the fourth quarter of fiscal 2019 unless otherwise noted.
The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the fourth quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. The impact of the CytoSport divestiture last year is excluded from...
Hormel Foods Announces the Advancement of Paul Kuehneman and Eldon Quam to Assistant Controllers
Hormel Foods Corporation announced the appointments of Paul Kuehneman and Eldon Quam to assistant controllers.
Kuehneman will lead all financial responsibilities for supply chain, Jennie-O Turkey Store and product costing, including financial analysis, management reporting and forecasting. Quam will oversee all financial operations for the Grocery Products and International segments, along with leading financial shared services, revenue and budgeting. They will both report to Jana Haynes, vice president and controller at Hormel Foods.
"Both Paul and Eldon bring expansive technical capabilities along with...
Hormel Foods Announces Plant Manager Advancements, Retirement
Hormel Foods Corporation announced the advancements of several plant managers as a result of the company's recently announced retirement and advancements in its operations leadership.
Jennie-O Turkey Store Joins the 2020 Macy's Thanksgiving Day Parade
Jennie-O Turkey Store, a wholly-owned subsidiary of Hormel Foods, a global branded food company, will debut a delectable float in the 94th annual Macy's Thanksgiving Day Parade®. During the annual spectacle, the inaugural Jennie-O float will be unveiled to more than 50 million viewers nationwide on Thursday, November 26, live from 34th Street. The addition of the Jennie-O float marks the first time the event and holiday synonymous with turkey will feature a turkey brand.
Since 1940, Jennie-O Turkey Store has helped families across America and in more than 40 countries serve traditional and innovative Thanksgiving meals while creating lasting memories...
Hormel Foods Introduces Two New Flavors of Hormel Black Label Bacon
The makers of Hormel Black Label bacon are reinventing bacon once again with the launch of – Hormel Black Label Ranch Thick Cut Bacon and Hormel Black Label Classic Country Style Thick Cut Bacon.
The Hormel Black Label team brought the flavor and versatility of ranch to life with the latest innovation of Hormel Black Label Ranch Thick Cut Bacon. Ranch lovers can rejoice, because this new flavor is hand-rubbed with ranch seasoning and naturally hardwood smoked to create an irresistible flavor.
"Our team combined American's favorite condiment with thick-cut bacon to create Hormel Black Label bacon hand-rubbed with...
Hormel Foods Appoints Leslie Lee Vice President of Digital Experience
Hormel Foods Corporation announced the appointment of Leslie Lee as vice president of digital experience.
In this role, Lee will lead the company's growing digital and e-commerce business strategy, which has seen significant growth in the last few years as more consumers look online for their favorite brands and products. Lee will oversee digital marketing, e-commerce operations and innovation, digital product management, data analytics, and...
Hormel Foods Announces Executive Retirements and Advancements
Hormel Foods Corporation announced the retirements of Donnie Temperley, vice president of Refrigerated Foods operations, and Tim Fritz, vice president of Grocery Products operations. Both retirements will be effective in spring 2021.
The company also announced the advancement of Clint Walters, currently plant manager of the company's Austin, Minn., manufacturing facility, to the position of vice president of Refrigerated Foods operations, and...
Hormel Foods Appoints Pierre Lilly Senior Vice President and Chief Compliance Officer
Global branded food company Hormel Foods Corporation announced the appointment of Pierre Lilly as senior vice president and chief compliance officer for the company's worldwide operations.
As chief compliance officer, Lilly will be responsible for overseeing compliance, risk and ethics within the organization, and ensuring compliance with laws, regulatory requirements, policies and procedures. Lilly will report to Jim Snee, chairman of the board, president and chief executive officer.
"Hormel Foods has long been committed to conducting our business with the highest level of integrity and in full compliance with...
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