Core Points - Hormel Foods Corporation has been recognized on Military Times' 2025 Best for Vets employer list for the 13th consecutive year, highlighting its commitment to supporting military service members and their families [1][2] - The company emphasizes its recruitment and retention efforts for veterans, showcasing its employee resource group, HMVET, which aids military members in integrating into the company [2][3] - Hormel Foods has approximately $12 billion in annual revenue and is known for its diverse portfolio of brands, including PLANTERS, SKIPPY, and SPAM, among others [4] Recruitment and Support - The Best for Vets survey evaluates companies based on their recruitment practices, retention programs, and support for transitioning service members and their families [2] - Hormel Foods' HMVET group provides a platform for military members and their families to foster camaraderie and support throughout their careers [3] Company Overview - Hormel Foods is a global branded food company based in Austin, Minnesota, and is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats [4] - The company has received multiple accolades for its corporate responsibility and community service efforts, reinforcing its reputation as a responsible employer [4]

Core Viewpoint - Hormel Foods Corporation will discuss its fourth quarter and full-year financial results for fiscal 2025 and provide insights into its fiscal 2026 outlook during a conference call scheduled for December 4, 2025 [1]. Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue [3]. - The company is known for its diverse portfolio of brands, including PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE, among others [3]. - Hormel Foods is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, recognized for its corporate responsibility and community service efforts [3].

Core Points - Hormel Foods Corporation awarded $10,000 scholarships to two students with military backgrounds pursuing careers in culinary arts and foodservice management [1][4] - The Hormel Heroes Scholarship program has awarded a total of $200,000 to 15 students since its inception [3] - The scholarships are administered by the National Restaurant Association Educational Foundation (NRAEF), which has provided over $27 million in scholarships and grants to more than 6,300 students since 1987 [6] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue [7] - The company is recognized for its commitment to corporate responsibility and community service, being a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats [7] - Hormel Foods' brand portfolio includes well-known names such as PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE among others [7]

Core Viewpoint - Hormel Foods Corporation is undergoing a corporate restructuring to align resources with strategic priorities, support future growth, and strengthen the overall business [1][4]. Group 1: Restructuring Details - The company has implemented a voluntary early retirement program for a portion of its non-plant workforce, is closing many open roles, and will reduce approximately 250 corporate and sales positions [2][3]. - The restructuring is expected to incur charges between $20 million and $25 million, primarily related to one-time pension benefits, cash severance payments, stock compensation expenses, and employee benefit costs [4]. Group 2: Leadership Statements - Jeff Ettinger, interim CEO, emphasized the careful consideration given to decisions affecting team members and the focus on providing support during transitions [3][5]. - John Ghingo, president of Hormel Foods, stated that the company remains focused on growth, requiring continued investment in technology, innovation, food safety, and quality [4]. Group 3: Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, has approximately $12 billion in annual revenue and is a member of the S&P 500 Index [6]. - The company is recognized for its brands, including PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE, and has received numerous accolades for corporate responsibility and community service [6].

Core Insights - Hormel Foods Corporation has been recognized by Vault as having one of the top 150 internship programs in the nation, highlighting its commitment to providing quality internship experiences [1][2]. Internship Program Highlights - The company hosted nearly 100 college students from 50 different universities during the last summer, focusing on delivering a hands-on experience through managing key projects [2]. - Hormel Foods has a strong track record of converting interns into full-time employees, with at least 70% of interns typically being offered full-time positions after graduation [3]. Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and is a member of the S&P 500 Index [4]. - The company is recognized for its various brands, including PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE, among others [4]. - Hormel Foods has received multiple accolades for its corporate responsibility and community service efforts, including being named one of the best companies to work for by U.S. News & World Report [4].

Core Insights - Hormel Foods Corporation announced the retirement of PJ Connor, group vice president of Retail sales, after a 30-year career with the company, effective in spring 2026 [1][3] - Natosha Walsh, a 26-year veteran of Hormel Foods, will succeed Connor as the new group vice president of Retail sales, bringing extensive experience in various sales and management roles [2][5] Leadership Transition - PJ Connor has been instrumental in guiding Hormel Foods through transformation initiatives and has built high-performing teams, leaving a significant impact on the company's strategy and culture [3] - Natosha Walsh has held multiple leadership positions within Hormel Foods, including vice president of Retail sales – national chains and vice president of marketing for Convenient Meals and Proteins, showcasing her broad experience [5][6] Company Overview - Hormel Foods is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and a diverse portfolio of brands including PLANTERS, SKIPPY, and SPAM [7] - The company is recognized for its corporate responsibility and has received numerous accolades, including being named one of the best companies to work for and one of America's most responsible companies [7][8]

Leadership Appointment - Hormel Foods Corporation appointed Paul Kuehneman as interim chief financial officer and controller effective October 27, 2025, reporting to interim CEO Jeff Ettinger [1][3] - Kuehneman has over 30 years of experience at Hormel Foods, holding various leadership roles, including vice president and controller [2] - He succeeds Jacinth Smiley, who is leaving the company for other opportunities [3][4] Fourth Quarter Update - Hormel Foods anticipates strong top-line results for the fiscal 2025 fourth quarter, driven by sustained demand across retail, foodservice, and international businesses [5] - Key contributors to growth include the turkey portfolio, PLANTERS brand, and strong market positions [5] - The company is facing persistent inflation in key commodity inputs and impacts from avian influenza and pneumoviruses in the poultry industry [6] Operational Challenges - A fire at the Little Rock, Arkansas peanut butter production facility was contained with no injuries, and full production is expected to resume early in fiscal 2026 [7] - The company issued a voluntary class 1 recall for certain chicken products sold in foodservice channels [7] - Hormel Foods expects net sales growth for the quarter toward the top end of previous guidance, but adjusted earnings per share are projected to be approximately $0.08 to $0.09 below prior expectations [8] Future Outlook - The company is not reaffirming its previously issued GAAP earnings per share guidance pending year-end financial closing procedures, which may include non-cash impairment charges [8] - Hormel Foods remains confident in its portfolio and brands, aiming for long-term sustainable growth despite recent inflationary pressures and operational disruptions [9] - A comprehensive review of the fourth quarter and full-year results, along with the fiscal 2026 outlook, will be provided in early December [10]

Core Points - Hormel Foods is committed to supporting local hunger-relief organizations by providing $10,000 to each of its production facilities in the U.S. during Hunger Action Month [1][2] - The company has donated over $53 million in cash and product donations toward food security initiatives since 2020, as highlighted in its 2024 Global Impact Report [3][4] - Hormel Foods partners with leading nonprofit organizations, including Feeding America and Share Our Strength, to maximize the impact of its contributions [4][5] Company Initiatives - In September, Hormel Foods made monetary donations to 46 organizations across the U.S. through its hunger-relief program [2] - Team members at production facilities play a crucial role in selecting local organizations to receive donations, fostering a strong community connection [3] - The company emphasizes the importance of local support, as seen in the example of Burke Corporation, which divided its donation between two local nonprofits [3] Partnerships and Campaigns - Hormel Foods launched a signature partnership with Share Our Strength, focusing on ending childhood hunger and expanding access to summer meal programs [4] - The company is actively involved in national campaigns to ensure children receive necessary nourishment, highlighting its commitment to community resilience [5] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries [6] - The company is recognized for its corporate responsibility and community service efforts, being a member of the S&P 500 Index and receiving various accolades [6]

Core Insights - Hormel Foods Corp. is a multinational food processing company known for its branded food products, including meat and nut items under various brands [1] Financial Performance - Hormel Foods is set to report its Q4 2025 earnings on December 3, with analysts expecting EPS of $0.39, a decrease from $0.42 in the prior year [2] - Quarterly revenue is anticipated to be $3.22 billion, an increase from $3.14 billion a year earlier [2] - The company reported Q3 2025 earnings with adjusted EPS of $0.35, below the consensus estimate of $0.41, while revenues of $3.03 billion exceeded the consensus of $2.98 billion [3] Future Outlook - For Q4 2025, Hormel Foods expects net sales to range from $3.15 to $3.25 billion and adjusted diluted EPS between $0.38 and $0.40 [5] - The interim CEO indicated that while net sales growth is expected to continue, profit recovery may lag into the next year due to ongoing near-term pressures from commodity inflation [4] Dividend Information - Hormel Foods has a dividend yield of 4.69%, having paid $1.16 per share in dividends over the last 12 months [2] - To generate an income of $100 per month from dividends, an investment of approximately $25,586 is required, based on the current dividend yield [6]