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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...

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Jan 10 8:25 AM, General News



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...

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Dec 29 7:58 AM, General News


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...

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Dec 15 8:54 AM, General News


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%...

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Dec 10 7:57 AM, General News


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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Dec 8 8:14 AM, General News


Hormel Foods Annual Profit Sharing Continues

Hormel Foods Corporation, a global branded food company, today distributed its annual profit sharing to eligible hourly and salaried team members during this 83rd consecutive grant.

"There are many things that make Hormel Foods uncommon, including our portfolio of global food brands and the incredible people who make them," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "Equally uncommon is our legacy of giving back to our team members and our communities..."

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Nov 24 8:49 AM, General News


Hormel Foods Corporation Announces 56th Consecutive Increase to Annual Dividend

The Board of Directors of Hormel Foods Corporation, a global branded food company, today announced a 6 percent increase to the annual dividend to shareholders, marking the 56th consecutive annual dividend increase.

The annual dividend on the common stock of the corporation was raised to $1.04 per share from $0.98 per share...

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Nov 23 8:46 AM, General News


Applegate Farms LLC Presents New APPLEGATE NATURALS® Spicy Breaded Chicken Tenders and Bites

Applegate Farms LLC, the nation's leading natural and organic meat brand, today announced two new additions to its APPLEGATE NATURALS® Breaded Chicken line that's sure to bring the heat: APPLEGATE NATURALS® Spicy Breaded Chicken Breast Bites and APPLEGATE NATURALS® Spicy Breaded Chicken Tenders.

"From Nashville hot chicken to hot honey, Americans are craving the heat, and we're excited to put our own spin on it through our new bites and tenders," said Nicole Glenn, Vice President of Brand Strategy & Innovation at Applegate...

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Nov 10 8:00 AM, General News


Applegate Farms, LLC Introduces the DO GOOD DOG™ Hot Dog

Applegate Farms, LLC, the nation’s leading natural and organic meat brand, today announced the launch of the DO GOOD DOG™ hot dog, the first nationally available hot dog made with beef raised on verified regenerative U.S. grasslands. Beef for the DO GOOD DOG™ hot dog comes from SunFed Ranch® in Northern California and boasts the Savory Institute’s Land to Market Seal, the world’s first regenerative sourcing verification.

The DO GOOD DOG™ hot dog is Applegate’s latest evolution of the humble hot dog and is an 

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Nov 4 8:04 AM, General News


Hormel Foods Announces the Advancement of Wendy A. Watkins

Global branded food company Hormel Foods Corporation today announced the advancement of Wendy A. Watkins to the new post of senior vice president and chief communications officer for the company's worldwide operations.

"As more organizations focus on ESG initiatives, Hormel Foods is proud of the work we have done as one of world's top corporate citizens, leading with transparency, integrity and trust with our stakeholders in all that we do," Snee said. "Since joining Hormel Foods six years ago, Wendy has built a world-class communications team and elevated the global..."

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Nov 2 12:58 PM, General News


Hormel Foods Announces the Retirement of Luis Marconi; Names Jeff Frank Successor

Hormel Foods Corporation, a global branded food company, announced today that Luis Marconi will retire as group vice president, Grocery Products.

Jeff Frank, currently vice president of Grocery Products and the leader of the integration of the Planters® brand into Hormel Foods, will succeed Marconi as group vice president, Grocery Products.

The company's Grocery Products business includes many of the company's most well-known brands such as Planters®, SKIPPY®, Justin's®,Dinty Moore®, Hormel® chili, Corn Nuts®, Herdez® and...

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Nov 2 8:15 AM, General News


Hormel Foods Announces the Retirement of Jim Sheehan, Executive Vice President and CFO

Hormel Foods Corporation, a global branded food company, announced today that Jim Sheehan plans to retire as executive vice president and chief financial officer after 43 years with the company. Jacinth Smiley, group vice president of corporate strategy, has been named his successor and will become the company’s next executive vice president and chief financial officer, reporting to Jim Snee, chairman of the board, president and chief executive officer.

Sheehan’s distinguished career at Hormel Foods spans more than four decades, including the last five years...

 

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Oct 29 8:35 AM, General News


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...

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Oct 7 7:55 AM, General News


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..."

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Sep 23 7:59 AM, General News


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...

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Sep 3 8:40 AM, General News


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..."

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Aug 19 8:29 AM, General News


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...

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Aug 17 9:10 AM, General News


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...

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Jun 8 8:33 AM, General News


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...

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Jun 1 8:27 AM, General News


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

  • Volume of 1.2 billion lbs., down 3%
  • Record net sales of $2.6 billion, up 8%
  • Pretax earnings of $293 million, up 2%
  • Operating margin of 11.1%, compared to...
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May 21 8:37 AM, General News


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...

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Mar 23 10:04 AM, General News


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...

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Mar 11 8:26 AM, General News


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...

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Feb 24 8:23 AM, General News


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...

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Feb 23 8:27 AM, General News


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

  • Volume of 1.2 billion lbs., down 1%
  • Record net sales of $2.5 billion, up 3%
  • Pretax earnings of $277 million, down 5%
  • Operating margin of 10.9%, compared to 11.8% last year
  • Effective tax rate of 19.7%, compared to...
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Feb 18 9:51 AM, General News


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...

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Feb 12 8:29 AM, General News


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...

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Feb 2 9:56 AM, General News







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