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5/23/2019
6:30 AM ET
Earnings Release

Hormel Foods Reports Second Quarter Results

5/23/2019

AUSTIN, Minn., May 23, 2019 /PRNewswire/ -- 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 SUMMARYVolume 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 $0.52Excluding one-time gai...

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5/21/2019
5:00 PM ET
Press Release

Hormel Foods Corporation Declares Quarterly Dividend

5/21/2019

AUSTIN, Minn., May 21, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at 21 cents ($0.21) a share on May 21, 2019, will be paid August 15, 2019, to stockholders of record at the close of business on July 15, 2019.The August 15 payment will be the 364th consecutive quarterly dividend paid by the company. ...

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5/21/2019
8:00 AM ET
Press Release

Hormel Foods Honors 71 Suppliers with Spirit of Excellence Award

5/21/2019

AUSTIN, Minn., May 21, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) recently awarded 71 suppliers with a 2018 Spirit of Excellence Award for their roles in the company's continuous improvement process throughout the last year. These suppliers are from a variety of areas including contractors, pork procurement, provisions, ingredients, packaging and transportation."Congratulations to our suppliers who have achieved this distinguished ...

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5/15/2019
8:00 AM ET
Press Release

Hormel Foods Named to 100 Best Corporate Citizens List for 11th Consecutive Year

5/15/2019

AUSTIN, Minn., May 15, 2019 /PRNewswire/ -- Corporate Responsibility Magazine (CR Magazine) has named Hormel Foods Corporation (NYSE: HRL) to its 20th annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance (ESG) transparency and performance amongst the 1,000 largest U.S. public companies. "We are extremely proud of our journey to make the world a better place and are proud to be recognized for the...

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5/8/2019
8:00 AM ET
Press Release

Hormel Foods Recognized as a Best for Vets Employer for Seventh Consecutive Year

5/8/2019

AUSTIN, Minn., May 8, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced it has been recognized on the 2019 Best for Vets Employers ranking by Military Times. This is the seventh consecutive year the company has made the list, which evaluates many factors that make a company or organization a good fit for military veterans."It is important to support our veterans as they have done so much for all of us," said Janet Hogan, s...

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5/1/2019
8:30 AM ET
Press Release

Hormel Foods Corporation Second Quarter Earnings Conference Call

5/1/2019

AUSTIN, Minn., May 1, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) invites you to participate in a conference call with Jim Snee, chairman of the board, president and chief executive officer, and Jim Sheehan, executive vice president and chief financial officer, to discuss the company's second quarter financial results. The company will issue its earnings press release before the markets open on Thursday, May 23, 2019, and will host ...

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4/26/2019
8:00 AM ET
Press Release

Hormel Foods Announces Construction of Solar Energy Project at its Swiss American Sausage Company Facility in California

4/26/2019

AUSTIN, Minn., April 26, 2019 /PRNewswire/ -- 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 gene...

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4/18/2019
5:01 PM ET
Press Release

The Makers of Hormel® Natural Choice® Deli Meats Announce New National Ad Campaign Inspiring Others to Choose Good

4/18/2019

AUSTIN, Minn., April 18, 2019 /PRNewswire/ -- The makers of Hormel®Natural Choice® deli meats announced today the launch of the Good Feeds Us All national advertising campaign, created to inspire people to choose good whether it's in the food they eat or the actions they take. The campaign is built on the premise that there can never be too much good in our world, and encourages others to not only celebrate good, but let good guide the choices we...

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4/16/2019
8:00 AM ET
Press Release

Hormel Foods Donates more than 6,000 Pounds of Food to Fisher Houses Across the Nation, Helping to Feed Military & Veterans' Families this Easter

4/16/2019

AUSTIN, Minn., April 16, 2019 /PRNewswire/ -- As part of its continued effort to support the U.S. military, the makers of Hormel® Cure 81® hams donated care packages full of Hormel Foods products to 42 Fisher Houses throughout the United States, feeding more than 1,500 military and veterans' family members for the Easter holiday."We are proud to partner with the Fisher House Foundation again this year to help provide a delicious meal for veterans...

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4/15/2019
4:30 PM ET
Press Release

Hormel Foods Finalizes the Sale of CytoSport to PepsiCo

4/15/2019

AUSTIN, Minn., April 15, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL) today announced it has completed the sale of its CytoSport business to PepsiCo, Inc. (NASDAQ: PEP).The transaction purchase price was $465 million, subject to working capital adjustments, and includes the Muscle Milk® and Evolve® brands. ABOUT HORMEL FOODS — Inspired People. Inspired Food.™Hormel Foods Corporation, based in Austin, Minn., is a global branded food co...

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4/10/2019
8:00 AM ET
Press Release

Hormel Foods to become Powered by nearly 50 Percent Renewable Energy

4/10/2019

AUSTIN, Minn., April 10, 2019 /PRNewswire/ -- 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 approximat...

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4/2/2019
11:07 AM ET
Press Release

Inaugural Small Change Big Impact Food Summit To Bring Together Industry Leaders At Harvard University April 3-4, 2019

4/2/2019

CAMBRIDGE, Mass., April 2, 2019 /PRNewswire/ -- More than 100 leaders in the food world will convene at Harvard UniversityApril 3 and 4 to discuss creating a more transparent, secure and sustainable food system. Led by global branded food company Hormel Foods and Harvard University Dining Services, the Small Change Big Impact Food Summit will bring together leaders and change agents from academia, foodservice, food companies and nonprofits to dis...

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4/2/2019
8:00 AM ET
Press Release

SPAM® Baked French Toast Wins National Recipe Contest

4/2/2019

AUSTIN, Minn., April 2, 2019 /PRNewswire/ -- The Great American SPAM® Championship announced SPAM® Baked French Toast as the grand-prize winning recipe in the national recipe contest. April Weinreich, who resides in Wahkon, Minn., the same state where the beloved brand is headquartered, captured the winning vote at the 2018 Minnesota State Fair with a Hawaiian island style French toast bake. The simple, yet delicious no fuss breakfast bake featur...

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4/1/2019
8:00 AM ET
Press Release

Which Wich® Project PB&J® Partners with Hormel Foods and its SKIPPY® Brand for April "Spread The Love" Campaign to Help Fight Hunger

4/1/2019

DALLAS, April 1, 2019 /PRNewswire/ -- Which Wich's philanthropic foundation, Project PB&J, was created five years ago with a vision of making the world a better place one PB&J sandwich at a time. This year, with National Peanut Butter & Jelly Day on Tuesday, April 2, Which Wich is teaming up with Hormel Foods and its SKIPPY® peanut butter brand to host a month-long virtual spreading party throughout April to benefit hunger relief effo...

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3/25/2019
4:55 PM ET
Press Release

Jose Luis Prado Elected To Hormel Foods Board Of Directors

3/25/2019

AUSTIN, Minn., March 25, 2019 /PRNewswire/ -- 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...

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