AUSTIN, Minn.--(BUSINESS WIRE)--
During the annual Barclays Back-to-School Consumer Conference in Boston,
Mass., Jeffrey M. Ettinger, chairman of the board, president and chief
executive officer at Hormel Foods Corporation (NYSE:HRL), offered
insights on the company’s strategies for driving growth including
innovation efforts, expanding business in China and the success of its
recent acquisitions. Ettinger also highlighted consumer trends in
portable and nutritious foods, multicultural flavors and expansion into
global markets.
“We continue to broaden our portfolio with more choices for consumers in
key growth areas and leverage our trusted brands,” Ettinger said.
“Products such as Wholly Guacamole®dips,
Muscle Milk® protein products and SKIPPY®peanut butter and new SKIPPY®P.B.
Bites are convenient, portable protein offerings that fit with the
varied lifestyles of today’s consumers.”
Glenn R. Leitch, group vice president and president at Jennie-O Turkey
Store, joined Ettinger during the presentation to discuss the impact of
the recent outbreak of highly pathogenic avian influenza on the industry
and how Jennie-O® products are connecting with
consumers.
“Our repopulation processes are in place, and we are on track to be
fully repopulated by the end of fiscal 2015,” Leitch said. “Jennie-O
Turkey Store has emerged as a clear category leader. Our brand is
growing with millennial consumers and driving growth for Hormel Foods.”
In July, Hormel Foods acquired Applegate Farms, LLC (“Applegate”), owner
of the Applegate® brand, which is the No. 1
brand in the natural and organic value-added prepared meats category.
“The Applegate® brand is the leader in natural
and organic meats and this acquisition allows us a faster path to expand
our portfolio in this increasingly popular category,” Ettinger added.
“We believe consumers are looking for more choices. Applegate®
products complement our diverse portfolio of brands.”
Ettinger concluded by highlighting the company’s experienced management
team and strong history of solid financial performance, noting the
company has increased dividends to shareholders for 49 consecutive years.
About Hormel Foods
Hormel Foods Corporation, based in
Austin, Minn., is a multinational manufacturer and marketer of
consumer-branded food and meat products, many of which are among the
best known and trusted in the food industry. The company leverages its
extensive expertise, innovation and high competencies in pork and turkey
processing and marketing to bring branded, value-added products to the
global marketplace. The company is a member of the Standard & Poor's
(S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the
2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods
magazine, and was again named one of “The 100 Best Corporate Citizens”
by Corporate Responsibility Magazine for the seventh year in a row.
Hormel Foods was also recognized as a 2015 Military Friendly Employer by
G.I. Jobs magazine, on the 2015 Best for Vets Employers List by Military
Times, and was named one of the 2015 40 Best Companies for Leaders by
Chief Executive magazine. The company enjoys a strong reputation among
consumers, retail grocers, foodservice and industrial customers for
products highly regarded for quality, taste, nutrition, convenience and
value. For more information, visit http://www.hormelfoods.com.
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Hormel Foods Corporation
Media Contact:
Rick
Williamson, 507-437-5345
media@hormel.com
or
Investor
Contact:
Jana Haynes, 507-437-5248
jlhaynes@hormel.com
Source: Hormel Foods Corporation