Group 1 - The Consumer Staples sector has increased by 3.6% at the start of 2025, but it has underperformed compared to the S&P 500 [1] - Despite strong performances from companies like Walmart and Costco, many well-known Consumer Staples brands are lagging behind [1]

Product Launch - Hormel Foods has launched the HORMEL GATHERINGS® Bold and Spicy Tray, featuring jalapeño pepperoni and spicy salami, aimed at spice lovers and snack enthusiasts [1][2] - The jalapeño pepperoni is infused with the bold heat of jalapeño peppers, while the spicy salami includes flavors of chorizo, garlic, paprika, and peppers, creating a unique snacking experience [2] Market Trends - The popularity of spicy food is on the rise among consumers, and the new tray is designed to meet this growing trend [2] - The product is positioned as a convenient option for gatherings, appealing to consumers looking for bold flavors and spice [2] Availability - The HORMEL GATHERINGS® Bold and Spicy Tray will be available at local super centers, with plans for nationwide expansion this spring [2] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries [4] - The company is recognized for its diverse brand portfolio, including PLANTERS®, SKIPPY®, SPAM®, and more than 30 other brands, and has received numerous accolades for corporate responsibility [4]

AUSTIN, Minn., Feb. 4, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jim Snee, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; and John Ghingo, executive vice president, Retail; to discuss the Company's first quarter financial results. The Company will issue its earnings release before the markets open on Thursday ...

Lynn Egner to assume the role of Vice President of Foodservice sales Natosha Walsh moves to Vice President of Retail sales – West AUSTIN, Minn., Feb. 3, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced sales executive moves for its Retail and Foodservice business segments. Lynn Egner will move to the role of vice president of Foodservice following David Weber's recent advancement to group vice president, Foodservice. Natosha Walsh will move ...

AUSTIN, Minn., Jan. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Mark Ourada, group vice president, Foodservice, following 37 years of dedicated service and leadership. Throughout his nearly four-decade-long career with the company, Ourada has played an active role in the successful development and evolution of the $3.8 billion Foodservice business segment. He was also instrumental in the PLANTERS® brand integr ...

AUSTIN, Minn., Jan. 21, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it will virtually host its 2025 Annual Meeting of Stockholders. The meeting is open to all registered stockholders or beneficial owners of the company's common stock at the close of business on Nov. 29, 2024. A live webcast of the meeting, virtualshareholdermeeting.com/HRL2025, will begin at 6 p.m. CST on Tuesday, Jan. 28, 2025, with registration on the meeting site b ...

Core Points - Hormel Foods Corporation announced the retirement of Brian Johnson, vice president and corporate secretary, after a 30-year career with the company [1] - Johnson has been recognized for his expertise, sound judgment, integrity, and dedication, contributing significantly to Hormel Foods and the Austin, Minnesota community [1] - Hormel Foods generates approximately $12 billion in annual revenue and operates in over 80 countries, with a diverse portfolio of well-known brands [3] Company Overview - Hormel Foods is a global branded food company with a strong presence in the market, recognized as a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats [3] - The company has received multiple accolades for its corporate responsibility and community service efforts, including being named one of the best companies to work for and one of America's most responsible companies [3] - Hormel Foods' purpose statement is "Inspired People. Inspired Food.™," reflecting its commitment to delivering trusted and iconic brands globally [3] Brian Johnson's Background - Johnson joined Hormel Foods in 1995 as a corporate attorney and progressed through various roles, becoming vice president and corporate secretary in 2010 [2] - He holds a Bachelor of Science degree from Minnesota State University, Mankato, and a J.D. degree from the University of Minnesota Law School, graduating magna cum laude [2] - Johnson is a member of several professional organizations, including the Minnesota State Bar Association and the Society for Corporate Governance [2]

The company, along with joint-venture MegaMex Foods — the makers of WHOLLY® GUACAMOLE, LA VICTORIA®, HERDEZ®, and CHI-CHI'S® salsa — partner to deliver assistance to communities where team members live and workAUSTIN, Minn., Jan. 17, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, is committed to supporting disaster relief efforts across Southern California as wildfires continue to impact communities. The company has donated cash and products valued at m ...

CEO Transition - Hormel Foods CEO James Snee plans to retire at the end of fiscal 2025 after 36 years with the company, including 8 years as CEO [1][2] - A search committee has been formed to identify Snee's successor [1] - Snee will remain with the company as a strategic advisor for 18 months following his departure [1] Financial Outlook - Hormel Foods maintains its fiscal 2025 outlook, projecting full-year net sales of $11.9 billion to $12.2 billion [2] - The company expects earnings per share (EPS) of $1.51 to $1.65 for fiscal 2025 [2] Stock Performance - Hormel Foods shares were down 1% on Tuesday morning [2] - The company's stock has declined approximately 6% over the past year [2]

Leadership Transition - James P Snee, chairman of the board, president and CEO of Hormel Foods, will retire at the end of fiscal 2025 after a 36-year career with the company [4] - The Board has formed a search committee to identify Snee's successor, considering both internal and external candidates [4] - Snee will serve as a strategic advisor to the Board through the end of fiscal year 2025 and for 18 months thereafter once his successor is named [4] - Snee continues to be a candidate for election to the Board at its 2025 Annual Meeting of Stockholders, scheduled for January 28, 2025 [3] Company Performance and Initiatives - Under Snee's leadership, Hormel Foods grew its protein-centric brands through acquisitions in Retail, Foodservice and International segments, including PLANTERS, FONTANINI and CERATTI [1] - Snee launched critical initiatives for long-term success, including reorganization of the operating model and the Transform & Modernize for growth initiative [1] - The company announced its 59th consecutive year of annual dividend increases in November 2024 [1] - The company's fiscal 2025 performance outlook remains unchanged [3] Company Overview - Hormel Foods Corporation is a global branded food company with approximately $12 billion in annual revenue across more than 80 countries [2] - The company's brands include PLANTERS, SKIPPY, SPAM, HORMEL NATURAL CHOICE, APPLEGATE, JUSTIN'S, WHOLLY, HORMEL BLACK LABEL, COLUMBUS, JENNIE-O and more than 30 other brands [2] - Hormel Foods is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats [2] - The company has received numerous awards and accolades for corporate responsibility and community service efforts [2]