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Hormel Foods Reports Record Sales and Double-Digit Earnings Growth in Fiscal 2022
Hormel Foods Corporation, a Fortune 500 leading global branded food company, today reported results for the fourth quarter of fiscal 2022. The fourth quarter and full year of 2022 reflect one fewer week compared to the prior year. All comparisons are to the fourth quarter of fiscal 2021 unless otherwise noted.
EXECUTIVE SUMMARY - FISCAL 2022
Jennie-O Turkey Store & Carla Hall Announce National Partnership, “School Cafeteria Takeovers”
The makers of the Jennie-O® turkey brand – category leader and trusted brand for turkey products – announced a partnership in October with esteemed chef, cookbook author and beloved TV personality Carla Hall.
As part of this partnership, the Jennie-O team and Hall visit schools across the nation to honor school cafeteria staff by hosting School Cafeteria Takeovers, which kicked off last month in Knoxville, Tenn., at Blue Grass Elementary School. Today, the team recognizes the unsung heroes of the school cafeteria at Panorama High School...
Hormel Foods CEO Jim Snee Receives Responsible CEO of the Year Honor
Snee Honored For Transformational Leadership
Award highlights the company's work in equity in education and food security
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced Jim Snee, chairman of the board, president and chief executive officer, was named the 2022 Responsible CEO of the Year for transformative leadership by 3BL Media. Snee was presented the award Oct. 25 during the 3BL annual forum, Brands Taking Stands, in New York City.
3BL Media's Responsible CEO of the Year awards recognize chief executives with proven records...
Hormel Foods Honored as a Best for Vets Employer for 10 Consecutive Years
Hormel Foods Corporation a Fortune 500 global branded food company today announced it has been ranked No. 39 on Military Times' 2022 Best for Vets: Employers list. This is the 10th consecutive year the company has made the list, which evaluates many factors including an in-depth analysis of a company's efforts to recruit, retain, and support current and former service members, military spouses, and military caregivers.
"Hormel Foods has a long and proud history of supporting the military, both as an active recruiter for former service..."
Hormel Foods Recognized Again for Leading Internship Program
Hormel Foods Corporation, a Fortune 500 global branded food company, announced today its internship program has been honored once again, having been named in the 2023 Vault Best Internships ranking. The company's internship program was recognized in the categories of best internships for the retail and consumer products industry and also top engineering roles.
"Our internship program is an excellent opportunity for those looking to build a career with us and experience all that working for an industry-leading Fortune 500 company can offer. We're currently recruiting interns to start with us..."
Hormel Foods Recognized by Investor's Business Daily on 100 Best ESG Companies List
Hormel Foods Corporation, a Fortune 500 global branded food company, was ranked for the first time on the Investor's Business Daily annual report of the 100 Best ESG Companies. The list recognizes companies with superior environmental, social and governance (ESG) ratings combined with strong fundamental and technical stock performance.
As part of its Our Food Journey™, Hormel Foods created its 20 by 30 Challenge, a set of 20 qualitative and quantitative goals to achieve by the end of 2030 with a focus on environmental...
‘Charcuterie’ Becomes a Verb
Consumers love charcuterie because it turns food into art. Austin, Minn.-based Hormel Foods identifies that not only is there the visual aspect that makes charcuterie so engaging, but the pairing of flavors is certainly part of the art as well.
“Charcuterie remains a hot trend as consumers continue to look to add flavor and interest to their gatherings,” said Holly Lavallie, vice president of marketing for Hormel Deli Solutions. “What is exciting is that charcuterie is almost becoming a verb, like people saying..."
SPAM® Sales Sizzle with the Help of Social Media
Spam, the square canned meat, with the iconic blue and yellow label, has been feeding families for more than 85 years. Hormel Foods says with the help of social media, it’s become even more popular.
Austin’s canned ham was made by Hormel Foods at the end of the depression in 1937 as an affordable and convenient meat option. The product, made up of only six ingredients, is now in more than 47 countries...
Hormel Foods Appoints Scott Aakre as Senior Vice President of Brand Fuel
Hormel Foods Establishing New Brand Fuel Center of Excellence to Support Iconic and Emerging Portfolio of Brands
Aakre Continues to Lead Global Innovation and Insights
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced the appointment of Scott Aakre as senior vice president of Brand Fuel, the company’s newest center of excellence focused on consumer insights and innovation for its portfolio of more than 30 leading brands.
Aakre’s appointment follows the company’s recent announcement of an operating model evolution that includes a new...
Hormel Foods Appoints Katie Larson as Senior Vice President of Human Resources
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced the appointment of Katie Larson as senior vice president of human resources.
Larson assumes responsibility for leading the global human resources function at the company, bringing more than 20 years of experience in human resources leadership at Hormel Foods. Larson will continue the world-class employer philosophy at Hormel Foods, leading business-focused people strategies. Hormel Foods employs more than 20,000 team members around the globe and has been recognized as a World’s Best Employer by...
Hormel Foods Provides Food for Hurricane Ian Relief Efforts
Hormel Foods Corporation, a Fortune 500 global branded food company, announced that it has provided support to Convoy of Hope’s disaster recovery response in the wake of Hurricane Ian.
The company’s donation will immediately go to assisting those impacted by the devastating hurricanes that ravaged areas within Florida. Convoy of Hope is a nonprofit organization with a driving passion to feed the world through initiatives for children, community outreach events and disaster-response efforts.
Hormel Foods has donated more than $50 million in cash and product donations to nonprofit organizations...
Hormel® Black Label® Bacon Revives the Little Sizzlers® Original Pork Sausages for a Limited Time
The Makers of Hormel® Black Label® bacon brand is celebrating National Sausage Month during October in sizzling style. The brand team heard the pleas of sausage lovers far and wide and for a limited time, while supplies last, is bringing back its fan favorite Little Sizzlers™ original pork sausages at select retail locations for all October!
"Consumers asked, and we answered! We know that consumers have loved our Little Sizzlers™ sausages for years, and we're so excited to..."
Findings Show that the Hamburger and Hot Dog Still Reign Supreme at Football Tailgates
In Honor of National Tailgating Month, Hormel Foods Releases Surprising Data Around U.S. Tailgating Choices and Etiquette; From Onsite "Jobs" and What to Bring, When to Arrive and Grilling Methods; Hormel Foods Unearths National Tailgating Habits, State-by-State
Today, Hormel Foods Corporation, a Fortune 500 global branded food company, shared the results of its latest national consumer survey about tailgating preferences and etiquette. The anticipation and excitement of tailgating are reaching a fevered height, as consumers return to their favorite pre-pandemic routines. The nationwide...
Hormel Foods Unveils "The Inspired People Plaza" and 25-Foot-Tall Sculpture by Gordon Huether
Hormel Foods Corporation, a Fortune 500 global branded food company, unveiled "The Inspired People Plaza" at its global headquarters in Austin, Minn.
The centerpiece of the plaza is a 1-ton, 25-foot-tall fork sculpture created by Artist Gordon Huether. The statue is clad with nearly 20,000 forks, representing and donated by Hormel Foods team members worldwide. It is located on the front lawn of 1 Hormel Place and serves as the anchor of the new outdoor plaza. The plaza's name is a nod...
Hormel Foods Launches its 16th Annual Global Impact Report
Company shares its food journey progress as a leading corporate citizen
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced the launch of its 16th annual Global Impact Report. The report, available online at https://csr.hormelfoods.com/ , contains detailed information about the company’s progress toward its corporate responsibility and environmental, social and governance (ESG) goals in fiscal 2021.
“For over 130 years, we’ve been making a difference, with our people, in our communities and with our products,” said Jim Snee, chairman of the board, president and chief executive officer of...
Hormel® Black Label® Bacon Celebrates National Bacon Lovers Day
When it comes to celebrating bacon, the experts at the Hormel® Black Label® bacon brand have their fans covered. To mark National Bacon Lovers Day, the brand has several tasty recipes that will take you beyond the breakfast plate. From sweet to savory, everything is better with Hormel® Black Label® bacon.
From Hormel® Black Label® bacon street corn and taco shells to cookies and cupcakes. We believe Hormel® Black Label® bacon brings any dish to the next level. The flavor and...
Minneapolis Star Tribune Covers Hormel Foods Evolution
Hormel Foods Named One of the Top Corporate Citizens in the United States
Hormel Foods Corporation, a global branded food company, today announced it has been named one of the 100 Best Corporate Citizens by 3BL Media.
The 2022 ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. Hormel Foods has been included on the 100 Best Corporate Citizens list 13 times.
“Hormel Foods is committed to responsibly shaping the future of food with a reputation as a company that cares about our people, consumers, communities and planet,” said Jim Snee...
Hormel Foods Announces New Strategic Operating Model
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced a new strategic operating model, aligning its businesses to be more agile, consumer and customer focused, and market driven. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments – Retail, Foodservice and International. The One Supply Chain team will continue to oversee the company's global supply chain.
"Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented portfolio of leading brands and..."
Hormel Foods Named to Selling Power's 50 Best Companies to Sell For List in 2022
Hormel Foods Corporation, a Fortune 500 global branded food company, is pleased to announce that it has ranked No. 15 on the Selling Power 50 Best Companies to Sell For list. This is the 22nd consecutive year the ranking has been published by Selling Power magazine.
"Once again we are honored to be recognized among the top 50 companies to sell for in the nation," said David Weber, vice president of sales, Foodservice. "We're proud of our reputation for having a sales culture..."
Hormel Foods Details Changing Culinary Landscape in America
It's no surprise that consumer preferences about food shifted widely during the past two years as people reprioritized what mattered most to them. Some cemented new food routines, while others strengthened their resolve to use brands that align with their core values. Fortune 500 global branded food company Hormel Foods Corporation tapped the company's innovation and insights experts to provide culinary insights that are driving today's food trends.
"Hormel Foods has seen dramatic changes in people's eating habits, culinary interests and where they find information about food," said Heather Vossler, director of...
Hormel Foods EVP Deanna Brady Receives Top Women in Grocery Honor
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced Executive Vice President of Refrigerated Foods Deanna Brady is on the 2022 Top Women in Grocery list compiled each year by Progressive Grocer magazine.
Progressive Grocer's 2022 Top Women in Grocery awards program recognizes the integral role women play across all segments of the North American food retail and grocery industries. Now in its 16th year, it is the food retailing industry's longest-running program recognizing and celebrating the accomplishments and contributions of thousands of women...
Hormel Foods Announces New Regenerative Agriculture Initiatives
Hormel Foods Corporation, a Fortune 500 global branded food company, along with its subsidiary Applegate Farms LLC, is leading the way in supporting farmers who employ regenerative agriculture practices, a holistic system of farming that encourages continuous innovation and soil improvement using techniques such as minimal or no soil tillage, regular crop rotation and cover cropping.
Hormel Foods recently became a major sponsor of an up to 50,000-acre regenerative-agriculture pilot project to be located throughout central and southeast Minnesota. Assistance from Hormel Foods and other participants will help provide...
Hormel Foods Global Brands and Business Strategy on Stage at dbAccess Global Consumer Conference
Fortune 500 global branded food company Hormel Foods recently presented at the 2022 Deutsche Bank dbAccess Global Consumer Conference held in Paris from June 14-16. Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, and Swen Neufeldt, group vice president and president of Hormel Foods International, gave the global investment audience insight into the strategic playbook of the 131-year-old company.
The senior leaders discussed the company's strategic priorities and what makes Hormel Foods an uncommon company, including the...
Hormel Foods Announces Retirement of Gary Jamison, Vice President and Treasurer, After 34 Years
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that Gary Jamison, vice president and treasurer, will be retiring after a 34-year career with the company. The company also announced it has appointed Florence Makope to succeed Jamison as vice president and treasurer. Makope, who joins Hormel Foods with more than 20 years of finance and treasury experience, will report to Jacinth Smiley, Hormel Foods executive vice president and chief financial officer.
"Gary has provided exceptional leadership to our financial organization, including..."
The Makers of the HORMEL® NATURAL CHOICE® Brand Launch New Product to Spice up Sandwiches
The makers of HORMEL® NATURAL CHOICE® products, a lunchtime favorite and tasty solution for any mealtime, announced its newest product, HORMEL® NATURAL CHOICE® Sandwich Pepperoni. Created specifically to help consumers satisfy their pepperoni cravings and guarantee a 100 percent natural* and flavor-forward experience. The versatility of HORMEL® NATURAL CHOICE® Sandwich Pepperoni creates endless shared food opportunities with family and friends from snacking to mealtime.
"Consumers are ready to have shared experiences with family and..."
Hormel Foods Reports Record Sales and Double-Digit Earnings Growth in the Second Quarter
Hormel Foods Corporation, a leading global branded food company, today reported results for the second quarter of fiscal 2022. All comparisons are to the second quarter of fiscal 2021 unless otherwise noted.
- Volume of 1.2 billion lbs., down 2%; organic volume1 down 8%- Record net sales of $3.1 billion, up 19%; organic net sales1 up 10%- Operating income of $335 million, up 16%- Operating margin of 10.8%, compared to 11.1% last year and 10.5% last quarter- Pretax earnings of...
Hormel Foods Corporation, a global branded food company, today announced it has been named one of the 100 Best Corporate Citizens by 3BL Media. The 2022 ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. Hormel Foods has been included on the 100 Best Corporate Citizens list 13 times.
"Hormel Foods is committed to responsibly shaping the future of food with a reputation as a company that cares about our people, consumers, communities and planet," said Jim Snee...
U.S. Environmental Protection Agency Ranks Hormel Foods In Top 100 For Green Power Use
Company ranks No. 57 on U.S. EPA’s Fortune 500® list of green power users
Hormel Foods Corporation, a global branded food company well known for its corporate citizenship, is pleased to announce that, for the first time, it appears as No. 57 on the U.S. Environmental Protection Agency’s (EPA’s) Fortune 500® list of the largest green power users from the Green Power Partnership (GPP). Hormel Foods recently joined the EPA’s Green Power Partnership and is offsetting more than 53 million kilowatt-hours (kWh) of...
Makers of America's No. 1 Selling Chili Brand Launch Hormel® Plant-Based Chili with Beans
Plant-curious and plant-committed consumers looking to add chili to their meals can look no further than America's No. 1 selling chili brand.* The makers of Hormel® chili have announced their latest innovation – Hormel® plant-based chili with beans, a product that promises to appeal to plant lovers and chili enthusiasts alike.
Packed with 22 grams of plant protein per can, Hormel® plant-based chili with beans is dairy free, egg free, gluten free and BPA free, and contains no...
Hormel Foods Pizza Expert Talks Toppings Trends
Hormel Foods Corporation, a global branded food company and the maker of the best-selling retail pepperoni in the United States, is talking about pizza trends on the heels of its annual showing at the International Pizza Expo in Las Vegas. Brand Manager Anthony Panichelli, who for years has focused on the company's industry-leading pizza-toppings portfolio, offered five trends to watch in the coming months.
Plant-based pizza toppingsThe plant-based market is continuing to boom as curious consumers experiment with meat alternatives to add more plant-based protein...
The Best Ham to Order for Your Holiday Dinner
Easter is coming (and before you know it Thanksgiving and Christmas). Find out what the best ham options are to serve up on your table, according to a blind taste test.
Best Thick Cut Ham
Hormel® Cure 81® Bone-In Half HamMany spiral-cut hams have super thin slices that are great for piling high on sandwiches. For a holiday entrée, though, you may want a more substantial slice like with a Hormel® Cure 81® Bone-In Ham.
According to Catherine Ward...
Hormel Foods Named One of America's Most Trustworthy Companies by Newsweek
Hormel Foods Corporation, a global branded food company, today announced it has been named One of America's Most Trustworthy Companies by Newsweek.
"For 130 years, Hormel Foods has been a trusted leader in the food industry, and we are honored to be recognized as one of the most trustworthy companies in America," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "Trust in our company has been built by doing what we say we are going to do..."
CEOs Get Personal on Industry Challenges of Past 2 Years
Over the past two years, there have been a lot of essential discussions about the shopper journey and the important ways that grocery workers’ lives were impacted by pandemic-fueled changes and challenges at work. Industry leaders have also been in the fray to steer their companies ahead in a challenging era with hits from all sides.
“It was like getting a curveball every single day.” That was one remark from an executive who took part in the 56th Annual Food Marketing Conference in Grand Rapids, Mich., presented...
Enjoy Easy Comfort Meals in 30 Minutes with HORMEL® SQUARE TABLE™ Entrees
The makers of HORMEL® refrigerated entrees, a family favorite and convenient solution for any mealtime, announced a packaging redesign to highlight consumer relevant product benefits and improved food forward appetite appeal, under the HORMEL® SQUARE TABLE™ entrees brand. Entrees and sides are among the fastest growing refrigerated food categories, as consumers look to make home cooking more convenient. The versatility of delicious HORMEL® SQUARE TABLE™ entrees offer consumers the ability to spend more time with their families while eating their
Hormel Foods Reports Record First Quarter Sales And Reaffirms Full Year Sales and Earnings Guidance
Hormel Foods Corporation, a leading global branded food company, today reported results for the first quarter of fiscal 2022. All comparisons are to the first quarter of fiscal 2021 unless otherwise noted.
EXECUTIVE SUMMARY – FIRST QUARTER
- Volume of 1.2 billion lbs., up 2%; organic volume1 down 4%- Record net sales of $3.0 billion, up 24%; organic net sales1 up 13%- Operating income of $320 million, up 19%- Operating margin of 10.5%, compared to 10.9% last year- Pretax earnings of $309 million, up...
The Makers of the HAPPY LITTLE PLANTS® Brand to Partner with The World Pizza Champions™
The makers of the Happy Little Plants® brand and The World Pizza Champions™, America’s #1 Pizza Team™, are joining forces to fuel the plant-based protein explosion in the pizza world. The two companies will be bringing plant-based protein pizza toppings to menus and events across America in 2022.
“The maker of the Happy Little Plants® brand is thrilled to be the official plant-based pizza topping partner of The World Pizza Champions™ for 2022,” said...
Hormel Foods Announces Retirement of Fred Halvin, Vice President of Corporate Development
Hormel Foods Corporation, a Fortune 500 global branded food company, today announced that Fred Halvin, vice president of corporate development, will be retiring after a 37-year career with the company. Nathan Annis, director of investor relations, business planning and analysis, will succeed Halvin as vice president of corporate development.
"Fred has been a key leader for all of our transformational acquisitions over the past decade and has been instrumental in the Hormel Foods journey to become the global branded food company that we are..."
Hormel Foods Highlights Record Net Sales at its Annual Meeting of Stockholders
Hormel Foods, a Fortune 500 global branded food company, hosted its Annual Meeting of Stockholders on January 25, 2022. Jim Snee, chairman of the board, president and chief executive officer led the meeting, discussing the company’s performance, strategic priorities, and corporate responsibility initiatives.
“In 2021, we faced virtually every type of challenge – from the continuing impact of the pandemic to labor shortages and supply chain challenges – and I am pleased to report that your company never lost its focus on delivering a year marked with numerous records..."
Domino’s UK Just Launched It’s First Vegan Pepperoni Pizza At 1,200 Stores
Domino’s is celebrating Veganuary with Vegan PepperoNAY, its first plant-based pepperoni pizza in the UK made in partnership with The Vegetarian Butcher.
While US consumers might have to wait a while for vegan pepperoni to hit Domino’s, other chains are already delivering the plant-based goods. Last January, vegan brand Field Roast unveiled its vegan pepperoni which is also made with pea protein, features fat marbling to mimic its pork-derived counterpart, and is spiced with pieces of fennel, cracked black pepper, garlic, and paprika. Canadian chain...
Forbes Names Hormel Foods One of the World's Top Female-Friendly Companies
Throughout 2021, Hormel Foods Corporation, a global branded food company, received numerous awards from publications, including Newsweek magazine (America's Most Responsible Companies), Selling Power (50 Best Companies to Sell For) and Military Times (Best for Vets). Forbes can now be added to that list as the magazine recently announced that the company ranks as one of the World's Top Female-Friendly Companies.
Hormel Foods has long promoted and supported a female-friendly culture, including employee resource groups such as Hormel Foods Women in Leadership and Women's Insight Network...
Green Circle Foodtech Ventures Announces the Launch of Fund I with Participation from Hormel Foods
Green Circle Capital Partners is pleased to announce the launch of their venture capital division, having conducted a first closing for Green Circle Foodtech Ventures I (GCFV) with the anchor investment coming from 199 Ventures, the venturing company of Hormel Foods.
“Having a leading global branded food company in our corner, providing support and resources for portfolio companies, is incredibly exciting and opportune for us and for the companies in which we will invest,” said Stu Strumwasser, founder of Green Circle and Co-Managing...
Hormel Foods Reports Record Fourth Quarter Sales And Earnings
Hormel Foods Corporation, a leading global branded food company, today reported results for the fourth quarter of fiscal 2021. The fourth quarter and full year of 2021 contain an extra week as compared to the prior year. All comparisons are to the fourth quarter of fiscal 2020 unless otherwise noted.
EXECUTIVE SUMMARY - FOURTH QUARTER
- Volume of 1.4 billion lbs., up 14%; organic volume1 up 8%- Record net sales of $3.5 billion, up 43%; organic net sales1 up 32%- Operating income of $358 million, up 29%- Operating margin of 10.4%...
Hormel Foods Named One of America's Most Responsible Companies by Newsweek
Hormel Foods Corporation (NYSE: HRL), a global branded food company, has been named one of America's Most Responsible Companies by Newsweek magazine for the third year in a row. This honor is among the many honors and rankings the company receives for its world-class corporate responsibility efforts. The company was also recently recognized as a Best for Vets Employer by Military Times and received numerous accolades for its internship program by Vault.
"This recognition is a continued testament to the outstanding work being done by our company...
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