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]

Vici Properties - Vici Properties is a REIT focused on experiential properties, with over 95% of its rents coming from casino assets, making it a casino REIT [2] - The company successfully navigated the coronavirus pandemic, even increasing its dividend during that time, and has an average remaining rent term of over 40 years with tenants [3] - 90% of its rent roll is covered by leases with CPI-linked rent increases, and the stock's drop has pushed its dividend yield up to 5.8%, making it attractive for income-focused investors [4] Coca-Cola - Coca-Cola is a globally recognized beverage company with a leading soda brand and a diverse product portfolio including coffee, sports drinks, and energy drinks [5] - The company is a Dividend King, having increased its dividends annually for 62 years, with a current yield of 3.1% [6] - Coca-Cola's valuation metrics, such as price-to-sales and price-to-earnings ratios, are below their five-year averages, suggesting it is fairly priced or slightly cheap [7][8] Hormel Foods - Hormel is a Dividend King in the consumer staples sector, currently trading with a historically high yield of 3.6%, near its highest levels in recent history [9] - The stock is down 15% from its 52-week high and over 40% from its three-year high, reflecting market concerns about rising costs, slow recovery in China, avian flu, and weakness in its Planters business [10] - Despite challenges, Hormel has a strong track record of product innovation, which could help address some of its issues, though avian flu remains a broader industry challenge [11][12] Market Overview - Despite the overall market being near all-time highs, there are still opportunities in dividend stocks, with Vici Properties offering a high yield and growth potential, Coca-Cola being a reliable dividend stock, and Hormel priced as a turnaround play [14] - Each of these stocks presents a unique opportunity for investors, whether they are looking for income, value, or long-term growth [15]

When I look at my brokerage account, there is one stock that stands out as particularly disappointing performance-wise: Hormel Foods (HRL -1.25%). And yet, I haven't once thought of jettisoning it from my portfolio. Here's why I still love Hormel despite the fact that it is my worst performer.Hormel Foods has a good core businessEven good companies go through difficult times. That's a key part of my investment approach, as I specifically try to find what are often called fallen angels. Hormel, specifically, ...