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The Makers of Hormel® Natural Choice® Add Global Inspired Flavors to Snacking Portfolio

The makers of Hormel® Natural Choice® deli meats announced today the addition of two new all-natural* deli meat and cheese snacks to its growing on-the-go snacking line up. The two new flavors are inspired by bold global flavors and offer consumers a delicious and convenient way to snack naturally. 

The newest varieties - Mediterranean style chicken paired with bruschetta jack cheese alongside garlic and herb pita chips; and chipotle chicken paired with queso quesadilla cheese and flax seed corn chips... 

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Jul 9 12:08 PM, General News



Hormel Foods Reports Second Quarter Results

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2019. All comparisons are to the second quarter of fiscal 2018 unless otherwise noted.

Executive Summary 

  • Volume of 1.2 billion lbs., up 1%
  • Record net sales of $2.3 billion, up 1%
  • Pretax earnings of $318 million, up 7%
  • Diluted earnings per share of $0.52
  • Excluding one-time gain on the divestiture of CytoSport, adjusted diluted EPS1 of $0.46 per share
  • Effective tax rate of 11.1% compared to 20.0% last year
  • Operating margin of 13.3% compared to 12.9% last year
  • Year-to-date cash flow from operations of $366 million, down 18% due to...
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May 23 8:18 AM, General News


Hormel Foods Announces Construction of Solar Energy Project

Hormel Foods Corporation (NYSE: HRL) and IGS Solar have started construction on a solar energy project at the Hormel Foods Swiss American Sausage Company facility in Lathrop, Calif. The project is slated for completion in July.

IGS will partner with PCI Solar who will install the solar system, which will consist of 1,998 panels constructed on both roof and ground space. The project is projected to generate roughly 1.2 million kilowatt hours (kWh) per year — enough to supply more than 15 percent of the facility's annual electricity consumption.

The new solar array will help the environment by offsetting an estimated 869 metric tons of CO2 emissions per year that would otherwise be emitted by a conventional fossil fuel power plant. That amount of emissions avoided is also...

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Apr 26 12:05 PM, General News


Hormel Foods to Become Powered by Nearly 50 Percent Renewable Energy

Hormel Foods Corporation (NYSE: HRL), maker of SKIPPY®, SPAM®, Hormel® Natural Choice®, Hormel® Black Label®, Columbus® and many other branded food products, has announced a virtual power purchase agreement (VPPA) for wind energy. Through this and other initiatives, the company will be supplied by almost 50 percent renewable wind power. In addition, the project will result in a reduction of approximately 197,000 metric tons of greenhouse gas emissions.

"As a leading corporate citizen in our industry, we are inspired by projects that minimize environmental impacts and align with the interests of our customers and consumers around the world," said Tom Raymond, director of environmental sustainability at Hormel Foods. "This agreement supports our company's environmental sustainability goals and is ...

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Apr 10 9:15 AM, General News


Applegate to Bring an All-Star Lineup of Ballpark Fare to Fans this Summer

Applegate, the nation’s leading natural and organic meat brand, and Minor League Baseball™ (MiLB™) have announced a homerun partnership that will bring cleaner options of classic ballpark favorites to stadiums across the country this summer. As the first-ever “Official Natural and Organic Meat of Minor League Baseball,” Applegate will be putting in some of its power hitters and serving up Better Flippin’ Meat, including THE CLEANER WIENER™ – APPLEGATE NATURALS® Beef Hot Dog and THE GREAT ORGANIC BLEND BURGER™ BEEF BURGER, one of the brand’s newest innovations at MiLB ballparks this season.

When the Minor League Baseball season kicks off with Opening Night on April 4th, a stellar line up of APPLEGATE® brand clean eats will be available in concessions at select ballparks across the country. Throughout the season, Applegate also will ...

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Apr 3 2:00 PM, General News


Jose Luis Prado Elected To Hormel Foods Board Of Directors

Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that Jose Luis Prado, chairman and CEO of Evans Food Group, has been elected to the Hormel Foods Board of Directors, effective March 25, 2019.

"Jose Luis is an accomplished leader in the packaged food and snacks industry," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "He has built a distinguished career with extensive domestic and international experience, and we are delighted to welcome him to our outstanding board of directors."

Prado will serve on the ... 

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Mar 26 8:54 AM, General News


Hormel Takes Pepperoni Lovers Beyond the Pie

A new Hormel ad campaign launched today, with the tagline Think It Up, Make it Up, Pep it Up! The initiative consists of three animated “pepisodes” featuring an animated scene surrounding the use of pepperoni in a different food, from nachos to pizza bagels.

One spot replaces a basketball with a slice of pepperoni which is then “dunked” onto a pizza bagel, and another has a couple lifted airborne by pepperoni “balloons” that then ascend further onto the surface of a quesadilla.

Hormel has launched this campaign as part of...

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Mar 19 9:48 AM, Urner Barry


Hormel Foods Reports First Quarter Results And Reaffirms Fiscal 2019 Guidance

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the first quarter of fiscal 2019. All comparisons are to the first quarter of fiscal 2018 unless otherwise noted.

Executive Summary

  • Fiscal 2019 earnings guidance reaffirmed at $1.77 to $1.91 per share
  • Volume of 1.2 billion lbs., up 1%
  • Net sales of $2.4 billion, up 1%
  • Pre-tax earnings of $307 million, up 1%
  • Diluted earnings per share of $0.44, down $0.12 per share due to the impact of tax reform in 2018
  • Effective tax rate of 21.3% compared to 0.6% last year ...
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Feb 21 12:38 PM, General News


Hormel Sells Muscle Milk Maker to Pepsi

Hormel Foods Corporation announced today that it will be selling CytoSport, a protein product business, to PepsiCo, Inc.

CytoSport’s brand list consists of trademarks Muscle Milk and EVOLVE. Muscle Milk has long been distributed alongside PepsiCo products, a partnership which Hormel CEO Jim Snee says “puts them in a strong position to grow this dynamic business”.

Both Muscle Milk and EVOLVE product lines include protein shakes, bars, and powders, and the trademarks largely differentiate themselves using...

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Feb 20 11:13 AM, Urner Barry


Applegate Bets The Farm On Regenerative Agriculture – Launches The New Food Collective

Premium Pork Sausages First to be Certified by the American Grassfed Association

Applegate Farms, LLC., the nation’s leading natural and organic meat company, announces THE NEW FOOD COLLECTIVE™, a new premium brand that uses pasture-raised meats and small-batch production methods to create culinary-inspired products. The launch will feature a line of fresh sausages that is the first pork to be certified by the American Grassfed Association (AGA).

The AGA standard mandates that hogs have maximum access to the outdoors, allowing them to forage and roam in woods and pasture and that, during the grazing season, they gather most of their food outside. It also requires farmers to develop a pasture-management plan to support biological diversity, natural resources and ...

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Feb 12 12:43 PM, General News


Hormel Foods Announces the Advancement Of James N. Sheehan 

Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that James N. Sheehan has advanced to executive vice president and chief financial officer. The advancement was effective January 29, 2019. Sheehan previously held the role of senior vice president and chief financial officer for the company. As executive vice president and chief financial officer for Hormel Foods, Sheehan oversees the company's financial enterprise including accounting, information technology, internal audit, investor relations, corporate tax and treasury.

"With more than forty years of experience, Jim is highly regarded in the industry for his strategic financial leadership and his deep knowledge of the markets, industries and ...

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Feb 1 11:56 AM, General News


Whole30 Approved Pop-Up Café Offers a Fresh Start to Living your Best Life in 2019

Applegate Farms, LLC, the nation’s leading natural and organic meat company, today announced it is teaming up with Whole30® to bring The Clean Slate Café, the first-ever pop-up dining experience serving only Whole30 Approved® and compliant options, to New York City for a three-day event. Opening to the public on January 23rd, The Clean Slate Café will fuel attendees with complimentary meal, snack, and drink options that are made with clean, simple ingredients from Applegate, Spindrift, Kettle & Fire, Primal Kitchen, CHOMPS and Vital Farms.

Millions of people have participated in the Whole30 program, a nutritional reset that eliminates added sugar, grains, legumes, alcohol, and dairy for 30 days. When hitting the food reset button, eating out and buying packaged foods and beverages can be tricky. The Clean Slate Café will offer something for everyone – from the person who resolved to ...

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Jan 11 2:11 PM, General News


Minor League Baseball and Applegate to Provide a “Cleaner” Option of Classic Ballpark Fare

Applegate Farms will become the “Official Natural and Organic Meat of MiLB,” the first-ever partnership in the category for Minor League Baseball

Minor League Baseball™ (MiLB™) today announced that Applegate Farms, LLC , the nation’s leading natural and organic meat company will become the “Official Natural and Organic Meat of MiLB,” the first-ever partnership in the category for Minor League Baseball.

By partnering with Minor League Baseball, Applegate will give fans cleaner, more natural choices of traditional ballpark staples – including “The Cleaner Wiener™” – Applegate’s 100 percent grass-fed beef hot dogs. Made with only simple ingredients (100 percent grass-fed beef, water, salt and spices) and never any chemical nitrites or nitrates added, fans can spend more time thinking about how to top their hot dog versus what’s inside.

The Applegate “cleaner, crave-able food for everyone” mantra will carry over to concessions options at select Minor League Baseball ballparks, with teams offering ...

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Dec 5 9:28 AM, General News


Hormel Foods Finalizes Sale of Fremont, Neb., Processing Facility

Hormel Foods Corporation (NYSE:HRL) today announced it has completed the sale of its Fremont, Neb., processing facility to Wholestone Farms, LLC. The transaction includes a processing facility and a multiyear agreement to supply pork raw materials to Hormel Foods. The current Fremont plant management team and workforce will remain in place to ...

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Dec 4 2:02 PM, General News


Hormel Foods Reports Record Fourth Quarter And Fiscal 2018 Earnings; Provides Fiscal 2019 Outlook

The company announces a 12% dividend increase; its 53rd consecutive annual increase.

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the fourth quarter of fiscal 2018. All comparisons are to the fourth quarter of fiscal 2017 unless otherwise noted.

Executive Summary – Fiscal 2018

  • Record diluted earnings per share of $1.86, up 18% from 2017 EPS of $1.57
  • Excluding a non-cash impairment, adjusted diluted earnings per share1 of $1.89, up 20%
  • Record cash flow from operations...

 

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Nov 20 9:12 AM, General News


Jennie-O Turkey Store Provides Information on Limited Voluntary Recall of Raw Ground Turkey Products

Jennie-O Turkey Store has voluntarily recalled a limited amount of raw ground turkey products, involving one production line from a single day’s production. Information for consumers is available on the Jennie-O Turkey Store website at https://www.jennieo.com/content/ground-turkey-recall.

The recall only includes fresh raw ground turkey with expiration dates of 10/1 and 10/2 and is no longer in stores. Please note, no other Jennie-O® varieties, other packaging configurations, or code dates are included in this recall.

Statement from Jennie-O President, Steve Lykken:

“On behalf of the thousands of Jennie-O team members, we were concerned to learn that someone became ill after exposure to Salmonella in a raw turkey product. The turkey industry has... 

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Nov 19 9:25 AM, General News


Jennie-O Launches Turkey Tracker Just in Time for the Holidays

Get the whole story on your whole turkey.

Jennie-O Turkey Store, a wholly owned subsidiary of Hormel Foods (NYSE: HRL), today announced the launch of its online Turkey Tracker where consumers can track their fresh or frozen JENNIE-O® whole turkey back to its originating farm. Each fresh and frozen turkey package now includes a tracking code stamped on the package's hang tag that can be entered into the JENNIE-O® Turkey Tracker page on the company's website. Once the code is entered, a regional farm where the turkey was raised is revealed along with a story about the farmers...

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Nov 8 10:44 AM, General News


JENNIE-O Launches ‘Give Your Family the Bird’ Advertising Campaign for Thanksgiving in Select Markets

This holiday season, Jennie-O Turkey Store, a wholly owned subsidiary of Hormel Foods (NYSE: HRL), is encouraging busy hosts to give their families the bird — a JENNIE-O® OVEN READY™ turkey, that is.

This new, lighthearted media and digital campaign speaks directly to consumers who are shopping, cleaning, balancing family dynamics and are up to their elbows in food preparation for holiday get-togethers. JENNIE-O® OVEN READY™ turkey is so easy to prepare that it takes the stress out of holiday meal planning. First off, JENNIE-O® OVEN READY™ turkey is preseasoned and goes right from the freezer to the oven with no thawing required...

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Nov 5 9:29 AM, General News


Applegate® Reveals Deli Ingredient Removal and Packaging Updates

Brand removes controversial ingredient carrageenan despite USDA’s decision to allow in organic products

Applegate, the nation’s leading natural and organic meat brand, is progressing its mission – Changing The Meat We Eat® – by bucking the status quo and improving its line of deli meat products. The brand decided to move forward with removing the controversial ingredient carrageenan in its poultry deli meat varieties, despite a recent United States Department of Agriculture (USDA) reversal on banning the seaweed extract from organic foods and beverages.

In addition to the carrageenan removal, Applegate is enhancing its deli ham varieties, and revealing a new packaging design that will boast a new look and provide an easier experience for consumers in-store and at-home. These deli changes will be transitioning at grocery store shelves now, until the end of the year.

“We’re proud to be a brand that not only listens to consumer feedback, but a brand that takes action on that feedback...

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Jul 26 3:46 PM, General News




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