Core Viewpoint - Hormel Foods Corporation will participate in Barclays 18th Annual Global Consumer Staples Conference, showcasing its leadership and commitment to the consumer staples sector [1]. Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue across more than 80 countries [3]. - The company offers a diverse portfolio of brands, including PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, and more than 30 other well-known brands [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].

Third Quarter Key Messages - The company delivered strong top-line growth, supported by each segment[7] - Bottom-line results were pressured by a steep rise in commodity input costs[7] - Leadership is aligned on a clear mission of profitable growth[7] Retail Segment Performance (FY25 Q3 YoY) - Retail volume increased by 5%[18] - Retail net sales increased by 5%[18] - Retail segment profit decreased by 4%[18] Foodservice Segment Performance (FY25 Q3 YoY) - Foodservice organic volume increased by 2%[22] - Foodservice organic net sales increased by 7%[22] - Foodservice segment profit decreased by 1%[22] International Segment Performance (FY25 Q3 YoY) - International volume increased by 8%[24] - International net sales increased by 6%[24] - International segment profit decreased by 13%[24] Fiscal Year 2025 Outlook (Revised) - Net sales are expected to be in the range of $12.1 billion to $12.2 billion[29] - Operating income is expected to be in the range of $0.98 billion to $1.00 billion[29] - Adjusted operating income is expected to be in the range of $1.05 billion to $1.07 billion[29] - Adjusted diluted earnings per share are expected to be in the range of $1.43 to $1.45[29] - Capital expenditures are targeted at approximately $300 million[30] - The Transform & Modernize initiative is expected to contribute incremental benefits in the range of $100 million to $150 million[30]

Core Viewpoint - Hormel Foods Corporation will discuss its third quarter financial results in a conference call scheduled for August 28, 2025, with key executives participating [1]. Group 1: Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue across more than 80 countries [3]. - The company offers a diverse range of brands, including PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others, totaling over 30 well-known brands [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]. Group 2: Upcoming Events - The company will issue its earnings release before the markets open on August 28, 2025, followed by a conference call at 8 a.m. CT (9 a.m. ET) [1]. - Interested parties can access the webcast, replay, and additional information related to the event on the company's investor website [2].

Core Insights - Hormel Foods Corporation has been recognized for the 24th time in Selling Power magazine's 60 Best Companies to Sell For 2025 list, highlighting its strong sales organization and culture of success [1][2]. Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and operations in over 80 countries [6]. - The company is known for its diverse portfolio of brands, including PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [6]. Sales Team and Strategy - The sales team at Hormel Foods serves as the primary contact for customers and partners, focusing on increasing sales through product distribution and marketing strategies [3]. - The recognition from Selling Power is attributed to the professionalism and commitment of the sales and strategy teams in building strong customer relationships and delivering results [3]. Evaluation Criteria - The Selling Power list is determined by analyzing key areas such as compensation and benefits, hiring practices, sales training, sales enablement, and diversity and inclusion [4]. - The companies recognized have shown remarkable success by investing in training programs, tools, and supportive environments for their sales professionals [5].

Core Viewpoint - Hormel Foods Corporation announces the promotion of John Ghingo to president and the return of Jeffrey M. Ettinger as interim CEO for a period of 15 months, effective July 14, 2025, marking a significant leadership transition within the company [1][4]. Company Leadership Transition - John Ghingo will become the 11th president in Hormel Foods' nearly 135-year history, previously serving as executive vice president for Retail, overseeing the largest business unit and a portfolio of iconic consumer brands [1][2]. - Jeffrey M. Ettinger, who has a nearly three-decade career with Hormel Foods, will serve as interim CEO, bringing extensive knowledge of the company and its culture [3][9]. Strategic Focus - Ghingo emphasizes the importance of the "Transform & Modernize" strategy as a critical part of Hormel Foods' future direction, aiming to build on the company's strong foundation and enhance its market relevance [3][4]. - The board expresses confidence in Ghingo and Ettinger's ability to strengthen the business and deliver lasting value for shareholders, highlighting their complementary expertise in consumer innovation and market dynamics [4]. Company Background - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries, with a diverse portfolio of well-known brands [11].

Core Insights - Hormel Foods' summer internship program is recognized as a launchpad for students' careers, with over 70% of interns transitioning to full-time roles within the company [1][3] - The program welcomes over 95 students from 50 colleges and universities, providing three months of hands-on business experience [1][2] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries [5] - The company is a member of the S&P 500 Index and has received multiple accolades for its corporate responsibility and workplace environment [5] Internship Program Details - The internship program is designed to immerse students in real business scenarios across various functional areas, including sales, food science, engineering, and marketing [3][4] - Interns work alongside experienced professionals, contributing to meaningful projects and gaining insights into different career paths [4] Recognition and Awards - Hormel Foods' internship program has been consistently recognized as one of the best in the nation by Vault, receiving awards for excellence in engineering, sales, marketing, and communications [4]

Core Insights - Hormel Foods Corporation announced that Jeff Baker will become the group vice president for Retail marketing at the end of fiscal 2025, succeeding Scott Aakre [1] - Baker has been with Hormel Foods for 35 years, holding various positions in sales, product management, and marketing, demonstrating a strong track record of growth [2][3] - The company aims to evolve its brand portfolio to align with changing consumer preferences, enhance its presence in snacking and entertaining, and drive growth in its food-forward portfolio under Baker's leadership [1][3] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and operations in over 80 countries [3] - The company’s brand portfolio includes well-known names such as PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [3] - Hormel Foods is recognized as a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [3]

Core Insights - Scott Aakre, the group vice president and chief marketing officer for Retail at Hormel Foods, will retire at the end of fiscal 2025 after 35 years with the company, but will continue to serve on the board of directors [1][2] - Aakre's marketing expertise has significantly strengthened the connection between Hormel's brands and consumers, and he is recognized for his contributions to the Austin, Minnesota community [2][4] - Hormel Foods Corporation generates approximately $12 billion in annual revenue and operates in over 80 countries, with a diverse portfolio of well-known brands [5] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with a revenue of around $12 billion [5] - The company is a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [5] Leadership Transition - Aakre has held various management positions since joining Hormel Foods in 1990, including vice president of marketing for grocery products and senior vice president of Brand Fuel [3] - His responsibilities will be transitioned internally, ensuring continuity in leadership and strategic direction [1] Community Engagement - Aakre is actively involved in community and charitable causes, having served on the board of the United Way of Mower County [4] - He was recently appointed to the board of directors of The Hormel Foundation, which beneficially owns approximately 46% of Hormel's common stock [4]

Leadership Advancements - Hormel Foods Corporation announced leadership advancements in its Retail business segment, promoting Scott Weisenbeck to vice president of marketing – Retail and Joe O'Connor to vice president of Emerging Brands – Retail [1][5] - The promotions are aimed at strengthening the company's brands and driving growth, with both leaders expected to bring strategic insights and expertise to their new roles [1][5] Leadership Background - Scott Weisenbeck has been with Hormel Foods since 1992, advancing through various roles including sales representative, brand manager, and most recently assistant vice president of bacon [2] - Joe O'Connor joined Hormel Foods in 2006 and has held several positions, including national category manager and director of sales, before becoming president of Applegate and assistant vice president of Hormel Foods [3] Company Overview - Hormel Foods Corporation is a global branded food company with approximately $12 billion in annual revenue, operating in over 80 countries [4] - The company is known for its diverse portfolio of brands, including PLANTERS®, SKIPPY®, SPAM®, and APPLEGATE®, and has received numerous accolades for corporate responsibility and community service [4]

Financial Performance & Outlook - The company reaffirmed its fiscal year 2025 net sales expectations to be between $119 billion and $122 billion [5, 32] - The company reaffirmed its adjusted diluted earnings per share expectations for fiscal year 2025 to be between $158 and $172 [5, 32] - The company anticipates organic net sales growth of 1% to 3% in fiscal year 2025 [33] - The company expects incremental benefits from the Transform and Modernize (T&M) initiative in the range of $100 million to $150 million [33] - The company's capital expenditures are projected to be in the range of $275 million to $300 million [33] Segment Performance (Q1 FY25 YoY) - The Retail segment experienced a volume decrease of 4%, a net sales decrease of 1%, and a segment profit decrease of 20% [19] - The Foodservice segment saw organic volume increase by 2% and organic net sales increase by 5%, but segment profit decreased by 8% [28] - The International segment experienced a volume decrease of 7% and a net sales decrease of 2%, but segment profit increased by 4% [29] Strategic Initiatives & Capital Allocation - The company divested a non-core sow operation to reduce commodity exposure and simplify the portfolio [9] - The company announced its 59th consecutive increase to the annual dividend [13, 16] - The company's operating cash flow was $866 million [11]