The latest holiday flavor is joined by a new holiday campaign, returning seasonal favorites, and a chance for fans to win $1,000 for both themselves and a charity of their choosing AUSTIN, Minn., Oct. 9, 2024 /PRNewswire/ -- 'Tis the season for snacking, and the makers of the PLANTERS® brand know a thing or two about the importance of the right mix of snacks for enjoying a flavorful holiday with friends and loved ones. This year, they're ushering in the start of the holiday season with a new, limited-editio ...

A company dedicated to supporting food security efforts, Hormel Foods provided monetary and product donations totaling more than $450,000 to nonprofit partners in September AUSTIN, Minn., Oct. 7, 2024 /PRNewswire/ -- In recognition of Hunger Action Month, Hormel Foods Corporation (NYSE: HRL) partnered with organizations across the United States to create a more food-secure world. Donations totaling more than $450,000 were made throughout the month of September through various programs and events. Hormel Foo ...

Back by popular demand and available for a limited time, the makers of HORMEL® chili announce the return of the brand's hottest-ever chili variety AUSTIN, Minn., Oct. 3, 2024 /PRNewswire/ -- As temperatures begin to drop, the makers of HORMEL® Chili, America's No. 1 selling chili brand*, are once again heating up with the return of the limited-edition HORMEL® Ghost Reaper World's Hottest Chili with Beans. This fiery, seasonal-favorite combines classic chili with beans infused with two of the world's hottest ...

Product Innovation - HORMEL® BLACK LABEL® has introduced OVEN READY™ Thick Cut Bacon, which simplifies bacon preparation by allowing consumers to cook it in a preheated oven for 20 minutes without handling raw meat or cleaning up afterward [1][2] - The product is designed to deliver eight perfectly cooked slices of bacon, enhancing convenience for consumers [2] Brand Positioning - HORMEL® BLACK LABEL® is recognized as a leader in bacon innovation, aiming to provide consumers with a hassle-free way to enjoy their signature bacon [2] - The brand emphasizes the cultural significance of bacon, portraying it as more than just food but as a symbol and experience for consumers [4] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates over $12 billion in annual revenue and operates in more than 80 countries [5] - The company is part of the S&P 500 Index and has received multiple accolades for its corporate responsibility and workplace environment [5]

AUSTIN, Minn., Sept. 23, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Debbra Schoneman, president of Piper Sandler Companies, has been elected to the Hormel Foods Board of Directors, effective September 21, 2024. Debbra SchonemanDebbra Schoneman "I am delighted to welcome Deb to the Hormel Foods board," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "She has an impressive background an ...

WHOLLY® GUACAMOLE finds that 50% of football fans say their go-to snack on game day includes guacamole or other types of dips ORANGE, Calif., Sept. 16, 2024 /PRNewswire/ -- In celebration of National Guacamole Day on Monday, September 16, the maker of WHOLLY® GUACAMOLE, America's No. 1 branded refrigerated guacamole*, today announced the results of a new survey that dipped into the trends among football fans' game day rituals. WHOLLY® GUACAMOLE stays ready when you are, whether you're hosting a watch party ...

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The extension of the portfolio includes three new pre-made guacamole flavor varieties, bringing the brand's total to five flavors now available for purchase for foodservice operators. *NEW* WHOLLY® Guacamole Jalapeño Garlic Guacamole (Item #137542) Our chunky, TexMex-Style guacamole is full of flavor with hand-scooped Hass avocados, tomatoes, red onion, cilantro, jalapeño peppers and garlic. *NEW* WHOLLY® Guacamole Serrano Lime Guacamole (Item #137544) Our chunky guacamole leans into its authentic Mexican r ...

Core Viewpoint - Hormel Foods Co. has faced challenges due to declining commodity prices, leading to a reduction in its full-year 2024 guidance, yet investors have shown strong interest in its shares following the earnings report [1][7][9]. Group 1: Company Overview - Hormel Foods is a global branded food company specializing in shelf-stable and refrigerated meat and poultry products, available in various retail and food service locations [1]. - The company was founded in 1891 and gained prominence with the introduction of SPAM in 1937, which remains a significant product in its portfolio [2][3]. Group 2: Financial Performance - In the fiscal third quarter, Hormel reported adjusted earnings of $0.37 per share, exceeding analyst expectations by $0.01 [6]. - Revenue decreased by 2.2% year-over-year to $2.9 billion, falling short of consensus estimates of $2.95 billion, primarily due to lower turkey prices and production disruptions [7]. - The international business saw a 78% year-over-year increase in profits, despite a 13% drop in volume and a 2% decline in net sales [8]. Group 3: Product Innovation and Brand Portfolio - Hormel has expanded its brand portfolio to include various products catering to changing consumer preferences, such as Applegate Natural & Organic Meats and Hormel Black Label Bacon [4]. - Recent product innovations include Hormel Golden Salted Egg Yolk Snackable Sausage and SPAM Korean Barbecue, which have contributed to growth [5]. Group 4: Guidance and Market Outlook - Hormel has narrowed its fiscal full-year 2024 EPS guidance to between $1.57 and $1.63, down from previous estimates, with expected revenue between $11.8 billion and $12.1 billion [9]. - The company anticipates that production disruptions will be resolved by the end of the fiscal year, improving operational capacity [10].

Group 1 - Hormel Foods Corporation is launching PLANTERS® Special Reserve peanuts on September 13, 2024, in celebration of National Peanut Day [1][2][4] - The Special Reserve peanuts are specially grown, hand-cooked, and seasoned, targeting peanut connoisseurs [1][3][4] - These peanuts are harvested from less than 150 acres in Virginia and are larger than standard peanuts, featuring a balanced flavor profile [3][4] Group 2 - The product will be available in a collector's edition box for $19.06, reflecting the year the PLANTERS® brand was founded [4] - A limited quantity will also be sold at Walmart.com and Amazon.com for a suggested retail price of $9.98 [5] - Hormel Foods Corporation, which owns the PLANTERS® brand, has over $12 billion in annual revenue and operates in more than 80 countries [7][8]