AUSTIN, Minn.--(BUSINESS WIRE)--
During the Barclays Global Consumer Staples Conference in Boston, Mass.,
Jeffrey M. Ettinger, chairman of the board and chief executive officer
at Hormel Foods Corporation (NYSE:HRL), James P. Snee, president and
chief operating officer, and James N. Sheehan, vice president and chief
accounting officer, offered insights on the company’s strategies for
driving growth, including innovation, leveraging the strength of its
balanced portfolio and the success of its recent acquisitions.
Ettinger stated his confidence in the company's ability to meet its
growth goals of 5 percent top-line and 10 percent bottom-line in the
years to come.
During the presentation, Snee reaffirmed the fiscal year 2016 EPS
guidance range of $1.60 to $1.64.
Sheehan reviewed third quarter results and reiterated confidence in the
company's long-term strategy of investing in innovation and disciplined
acquisitions.
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.
Hormel Foods, which 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, is celebrating
its 125th anniversary in 2016. The company is a member of the
Standard & Poor's (S&P) 500 Index, S&P 500 Dividend Aristocrats, and was
named one of “The 100 Best Corporate Citizens” by Corporate
Responsibility Magazine for the eighth year in a row. Hormel Foods also
received a perfect score on the 2016 Human Rights Campaign Foundation’s
Corporate Equality Index, was recognized on the 2016 Best for Vets
Employers List by Military Times, and was named one of the 2016 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
and http://2015csr.hormelfoods.com/.
Forward Looking Statements
This news release contains forward-looking information based on
management’s current views and assumptions. Actual events may differ
materially. Please refer to the cautionary statement regarding
Forward-Looking Statements and Risk Factors that appear on pages 33-40
in the company’s Form 10-Q for the quarter ended July 24, 2016, which
can be accessed at www.hormelfoods.com
under “Investors-SEC Filings.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20160908005480/en/
Hormel Foods
Investor Contact:
Nathan P. Annis, 507-437-5248
ir@hormel.com
or
Media
Contact:
Wendy A. Watkins, 507-437-5345
media@hormel.com
Source: Hormel Foods Corporation