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2/22/2018
6:30 AM ET
Earnings Release

Hormel Foods Announces Record First Quarter Results And Increases Guidance Due To Tax Reform

2/22/2018

AUSTIN, Minn., Feb. 22, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the first quarter of fiscal 2018. All earnings per share estimates assume a fiscal 2018 full year tax rate of 17.5 - 20.5 percent.EXECUTIVE SUMMARYRecord diluted earnings per share of $0.56, up 27% from 2017 EPS of $0.44Sales of $2.3 billion, up 2%; Organic net sales1 up 1% Volume of 1.2 billion lbs....

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2/14/2018
8:00 AM ET
Press Release

Hormel Foods Announces New Executive Role and Advancements

2/14/2018

AUSTIN, Minn., Feb. 14, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL) today announced the appointment of Jeff Baker, group vice president, Foodservice, to the newly created role of group vice president, Deli. Baker will report to Tom Day, executive vice president, Refrigerated Foods. In this new role, Baker will lead all of the deli offerings from across the enterprise, including Columbus Craft Meats, the Jennie-O Turkey Store deli div...

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2/6/2018
8:52 AM ET
Press Release

Hormel Foods Announces the Retirement of Steve Binder, Executive Vice President and President, Hormel Business Units and the Advancement of Tom Day to Executive Vice President, Refrigerated Foods

2/6/2018

AUSTIN, Minn., Feb. 6 , 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), today announced that Steve Binder, executive vice president and president Hormel Business Units, will retire at the end of the Second Quarter Fiscal 2018. The company also announced the advancement of Tom Day to executive vice president, Refrigerated Foods. Day currently serves as group vice president, Refrigerated Foods. "The experience and knowledge of our senior ...

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2/3/2018
11:00 AM ET
Press Release

Hormel Foods Partners with Operation Gratitude to Send 52,000 Letters to Troops

2/3/2018

AUSTIN, Minn., Feb. 3, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) announced today that it has partnered with Operation Gratitude and set a goal to send 52,000 letters of thanks to active duty service members overseas.Through its sponsorship with the Super Bowl Host Committee, Hormel Foods is using its activation space at Super Bowl LIVE presented by Verizon to have attendees write letters of appreciation to deployed troops. The tha...

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1/31/2018
7:41 PM ET
Press Release

Hormel Foods Partners with Operation Gratitude to Send 52,000 Letters to Troops

1/31/2018

AUSTIN, Minn., Jan. 31, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) announced today that it has partnered with Operation Gratitude and set a goal to send 52,000 letters of thanks to active duty service members overseas.Through its sponsorship with the Super Bowl Host Committee, Hormel Foods is using its activation space at Super Bowl LIVE presented by Verizon to have attendees write letters of appreciation to deployed troops. The th...

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1/16/2018
3:00 PM ET
Press Release

Hormel Foods Receives Numerous Awards for Corporate Responsibility Report

1/16/2018

AUSTIN, Minn., Jan. 16, 2018 /PRNewswire/ -- Hormel Foods (NYSE: HRL) announced today that it has received several awards for its 2016 Corporate Responsibility Report. The company's annual report provides information about the company's goals and progress as a leading corporate citizen.The American Society of Professional Communicators awarded the company with a Colonial Award for Excellence in the best interactive online experience and best phot...

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1/16/2018
12:49 PM ET
Press Release

Hormel Foods Corporation First Quarter Earnings Release and CAGNY Conference Webcast

1/16/2018

AUSTIN, Minn., Jan. 16, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) announced today that it will issue its earnings press release before the markets open on Thursday, February 22, 2018. Jim Snee, chairman of the board, president and chief executive officer and Jim Sheehan, senior vice president and chief financial officer, will discuss the company's first quarter results at 4:00 p.m. CT on Thursday, February 22, 2018, during their p...

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1/12/2018
4:15 PM ET
Press Release

Hormel Foods Names its Second Inspired Fan

1/12/2018

AUSTIN, Minn., Jan. 12, 2018 /PRNewswire/ -- Hormel Foods (NYSE: HRL) announced today that it has named Minnesota pilot Louis Olsen as its second Inspired Fan. After the devastation of Hurricane Harvey hit south Texas this past summer, Olsen felt the need to help out. He raised $1,500 from friends and acquaintances for supplies for the hurricane-ravaged area and reached out to Hormel Foods to purchase supplies for his trip. The company, who had a...

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1/11/2018
4:30 PM ET
Press Release

Hormel Foods Launches HORMEL® ALWAYS TENDER® Dry Seasoned Loin Filets

1/11/2018

AUSTIN, Minn., Jan. 11, 2018 /PRNewswire/ -- Hormel Foods (NYSE:HRL) announces the launch of Hormel® Always Tender® Dry Seasoned Loin Filets. Available in three distinct flavors – Greek Inspired, Herb, and Sun-Dried Tomato – the dry seasoned loin filets are an extension of the brand's existing marinated Hormel® Always Tender® products."Our dry seasoned loin filets are a perfect way to enrich the already flavorful and juicy cuts of meat," said Meg...

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1/2/2018
10:00 AM ET
Press Release

Hormel Foods Teams up with Menchie's Frozen Yogurt to Launch Limited Edition Frozen Yogurt Flavor Featuring SKIPPY® Peanut Butter

1/2/2018

AUSTIN, Minn., Jan. 2, 2018 /PRNewswire/ -- The makers of SKIPPY® peanut butter announced today it has partnered with Menchie's Frozen Yogurt to create a limited edition flavor bursting with peanut buttery goodness.Menchie's Peanut Butter Brownie, which takes the big taste of real SKIPPY® peanut butter and swirls it into rich chocolatey brownie froyo, will be available at Menchie's stores nationwide now through the end of January. Continuing its ...

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11/27/2017
6:06 PM ET
Press Release

Hormel Foods Announces Closing Of Acquisition Of Columbus Manufacturing Inc., Maker Of Columbus® Craft Meats

11/27/2017

AUSTIN, Minn., Nov. 27, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments. The addition of the Columbus®brand further strengthens Hormel Foods' position as a total deli solutions provider while enhancing its other strong deli brands such as Hormel®, Jennie-O®, Applegate®, ...

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11/27/2017
5:30 PM ET
Press Release

Hormel Foods and Jennie-O Turkey Store Help Provide Thanksgiving Meal for Those Affected by Hurricane Harvey

11/27/2017

AUSTIN, Minn., Nov. 27, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) and its subsidiary Jennie-O Turkey Store donated turkeys and hams for a Thanksgiving meal and event for around 1,000 people affected by Hurricane Harvey and others in need on Nov. 22. The event took place at Celebration of Life Church in Baytown, Texas, and featured a musical performance by Mandisa, an American gospel and contemporary Christian recording artist and ...

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11/22/2017
8:00 AM ET
Press Release

Hormel Foods Distributes Annual Profit Sharing

11/22/2017

AUSTIN, Minn., Nov. 22, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today distributed its annual profit sharing of $17.5 million to eligible hourly and salaried employees during this 79th annual ThanksgivingEve Day tradition."We continue to grow our brands and reach consumers in more ways than ever before," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "The dedicated and inspired people...

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11/21/2017
6:31 AM ET
Press Release

Hormel Foods Names Glenn Leitch, Executive Vice President Supply Chain

11/21/2017

AUSTIN, Minn., Nov.  21, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced that Glenn Leitch will lead the company's global supply chain as its executive vice president of supply chain. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The move is part of the company's plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-...

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11/21/2017
6:31 AM ET
Press Release

Hormel Foods Announces the Strategic Merger of its Grocery Products and Specialty Foods Segments

11/21/2017

AUSTIN, Minn., Nov. 21, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced that its Specialty Foods segment has been merged into its Grocery Products segment and will continue to be led by Luis Marconi, group vice president, Grocery Products. The primary focus of the segment is on delivering a strong branded portfolio of leading products to the evolving retail environment of food, drug, mass, club and E-commerce. "I am conf...

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