Core Viewpoint - Hormel Foods Corporation announces the retirement of Richard Carlson, Vice President of Global Food Safety and Quality Management, after a 35-year career, with Jeremiah Johnson set to succeed him effective May 1, 2026 [1][4]. Group 1: Leadership Transition - Richard Carlson has been instrumental in leading food safety initiatives and enhancing food safety protocols during his tenure [3]. - Jeremiah Johnson, a 20-year veteran of the company, will take over as Vice President of Global Food Safety and Quality Management, bringing extensive experience in food safety and regulatory affairs [2][4]. Group 2: Background of Richard Carlson - Carlson began his career with Hormel Foods in 1990 as a quality and process control engineer and held various positions, including director of quality assurance and vice president of quality management [5]. - He graduated from Purdue University with a bachelor's degree in food science [6]. Group 3: Background of Jeremiah Johnson - Johnson joined Hormel Foods in 2005 and has held multiple roles in quality and process control, advancing to assistant director of food safety management in 2023 [7]. - He graduated from Iowa State University with a bachelor's degree in mathematics and has been active in industry committees [8]. Group 4: Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates over $12 billion in annual revenue and is recognized for its diverse portfolio of brands, including PLANTERS®, SKIPPY®, and SPAM® [9].

Core Insights - Hormel Foods Corporation has appointed Donald Monk as its first Chief Technology Officer, effective March 23, 2026, to enhance its technology, digital, and data capabilities for long-term growth [1][1][1] Group 1: Appointment Details - Donald Monk will be the senior-most technology leader at Hormel Foods, responsible for the enterprise technology, digital, and data strategy [1][1] - Monk has over 35 years of global technology leadership experience, including a significant tenure at General Mills as Chief Information Officer [1][1][1] Group 2: Monk's Background - Monk has a proven track record in leading complex enterprise transformations and building high-performing global teams [1][1] - He previously served as Senior Vice President of Strategy, Governance, and Transformation at Cargill, focusing on digital technology and data [1][1] Group 3: Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates over $12 billion in annual revenue and is a member of the S&P 500 Index [1][1] - The company is recognized for its commitment to corporate responsibility and has received multiple accolades for its community service efforts [1][1]

Core Viewpoint - Hormel Foods Corporation has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, marking a strategic shift towards more value-added protein offerings while maintaining the JENNIE-O brand as a source of profitable growth [1] Group 1: Transaction Details - The transaction is expected to close by the end of the second quarter of fiscal 2026, subject to customary closing conditions [1] - Life-Science Innovations will acquire assets including the Melrose, Minnesota whole-bird production facility, Swanville, Minnesota feed mill, and associated transportation assets [1] - LSI will assume supply contracts with third-party turkey growers dedicated to the whole-bird business and provide co-manufacturing services to Hormel Foods through the end of fiscal 2026 [1] Group 2: Strategic Implications - Hormel Foods aims to reduce exposure to volatile, commodity-driven businesses and focus on expanding its value-added protein portfolio [1] - The sale is seen as an important step in Hormel's evolution, allowing for a more focused turkey portfolio and strengthening the value-added aspects of the JENNIE-O business [1] - Hormel expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results, with further details to be discussed in the upcoming earnings call [1] Group 3: Company Background - Hormel Foods Corporation is a global branded food company with over $12 billion in annual revenue, known for brands such as PLANTERS®, SKIPPY®, SPAM®, and JENNIE-O® [1] - The company is a member of the S&P 500 Index and has received numerous accolades for corporate responsibility and community service efforts [1] - Life-Science Innovations has over 80 years of experience in the turkey industry, enhancing its capability to manage the acquired business effectively [1]

Core Insights - Hormel Foods Corporation has appointed Will Bonifant as group vice president and chief supply chain officer, effective March 9, 2026, to lead its global supply chain operations [1][1][1] Company Overview - Hormel Foods is a Fortune 500 global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue [1][1][1] - The company’s brand portfolio includes well-known names such as PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [1][1][1] Leadership Appointment - Will Bonifant brings over 15 years of experience from The Hershey Company, where he led supply chain strategy and operations across a 20-plant network [1][1][1] - His previous roles include management consulting at The Boston Consulting Group and service as a U.S. Navy submarine officer, providing him with a diverse background in leadership and operational management [1][1][1] Strategic Importance - Bonifant's leadership is expected to drive transformation and strengthen Hormel's global supply chain, aligning with the company's long-term strategy [1][1][1] - His expertise in scaling complex operations and building modern capabilities will be crucial for Hormel's ongoing growth and innovation [1][1][1]

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]