Hormel Foods

An Austin, Minn.-based company that produces food products for consumers, retail grocers, and food-service and industrial markets.

Business
August 24, 2017
Amid a shakeup in the hog business that Hormel executives call "unprecedented" and that hurt its latest profit, the company is expanding a Kansas plan

Hormel signals higher prices for bacon amid soaring demand

Hormel's latest profit was squeezed as commodity prices rose more quickly than it could pass them on.
Business
August 17, 2017
Hormel is spending $425 million to purchase Fontanini, a Chicago-based maker of Italian meats for restaurants.

Hormel buys Fontanini, Chicago-based maker of Italian meats, for $425 million

Fontanini grew from a single store into national pizza restaurant supplier.
Business
August 16, 2017
Hormel’s Applegate brand is now offering an uncured bacon with no sugar in it.

Hormel's Applegate bacon goes sugar free

Applegate Naturals No Sugar Bacon will start appearing in grocery stores this month.
Business
July 15, 2016

Seven Minnesota firms make IndustryWeek's 50 Best Manufacturers List

Seven Minnesota manufacturers make the cut on IndustryWeek's 50 Best U.S. Manufacturers list.
Business
May 18, 2016
Hormel is buying Justin's LLC, a Colorado-based maker of organic nut butters and candies.

Hormel buys organic snacks maker Justin's LLC

The company also reported a 20 percent jump in profits in the latest quarter.
Bird flu
April 21, 2015
AP Photo/Matt Rourke

5.3 million hens to be destroyed as bird flu spreads to NW Iowa chicken farm

About 5.3 million chickens will be lost. Also, Hormel warned that turkey losses could hurt profits.
Bird flu
April 9, 2015
In this Nov. 2, 2005 file photo, turkeys are pictured at a turkey farm near Sauk Centre, Minn.

Hormel farm in Meeker County is latest in Minnesota with bird flu

The highly lethal bird flu has struck a ninth Minnesota farm in the most deadly outbreak yet, upping the total turkey death count in the state by 91 percent.
Business
February 15, 2015

Hormel, General Mills among food companies fighting label changes

Minnesota's food giants are fighting an FDA proposal to list "added sugars" separately on nutrition labels.
Business
December 18, 2014
Hormel CEO Jeffrey Ettinger

CEO Pay Watch: Jeffrey Ettinger, Hormel Foods Corp.

Hormel Foods Corp. Jeffrey Ettinger, chairman, president, CEO Total compensation: $13,005,596 for the year ended Oct. 31 Salary: $1,000,220 Bonus: $300 Non-equity incentive pay:…
Hormel results
November 25, 2014
Hormel's profit grew 9% in its fiscal fourth quarter, but its profit forecast for the new fiscal year disappointed investors.

Hormel's profit up, but falls short of forecasts

Shares fell after the company's outlook for its new fiscal year was lower than expected.
Skippy ad campaign
September 22, 2014
Only fun peanuts make it to their final destination on the Skippy production line — part of the Yippee theme ad campaign for the peanut butter. BBDO

Skippy Yippee is out to challenge Jif with new ad campaign

Hormel, the new owner of Skippy peanut butter, hopes to schmooze its existing consumer base and wrest market share from its main rival — the spread whose campaign tagline for years has been, "Choosy mothers choose Jif."
Hormel results
August 22, 2014
Hormel Foods fiscal 3Q profit came in higher than expected as pork products outperformed the rest of its portfolio.

Hormel shares leap after third-quarter results beat expectations

Shares leaped after results beat expectations, despite fears of a U.S. pork supply constriction.
Hormel gains muscle
July 1, 2014
Hormel is buying Cytosport Inc., maker of Muscle Milk, for $450 million. Pictures is Greg Pickett, Cytosport's co-founder and chairman, in a 2011 file

Hormel adds Muscle Milk to its lineup in a $450 million deal

The $450 million deal for CytoSport adds sports nutrition products to the Spam maker's portfolio.
Business
June 8, 2014
General Mills' high market capitalization makes it an unlikely target.

Deal speculation intensifies in food business

Analysts think General Mills and Hormel are more likely to be buyers than sellers.
Hormel results
May 22, 2014
Hormel Foods Corp. saw profits rise 12% in the Feb-April quarter.

Hormel's 12% profit rise misses forecasts

While pork and other products fared well, sales of turkey products fell and expenses to grow the birds grew.
Business
April 2, 2014

New Hormel breakfasts contain shelf-stable eggs

Breakfast eggs don't have to be refrigerated anymore, according to Hormel Foods Corp., the company that nearly a century ago was the first to can…
Hormel results
February 20, 2014
Hormel Food Corp.'s fiscal first quarter results rose solidly though just short of investor expectations.

Hormel hit by icy weather, but profits still jump 19%

High propane heating costs hurt the turkey business, but pork and bacon fared well, and Skippy helped the grocery division.
Meat labeling rules
January 13, 2014
This cow scowled in a farmer’s field in High River, Alberta.

Meat industry launches legal assault against U.S. labeling rules

A U.S. government mandate to list where animals are born, raised and slaughtered violates the First Amendment, an industry lawyer told federal appeals court judges.
Business
October 19, 2013

With bacon and films, Hormel finds match made in hog heaven

A banjo picker named Devin stars in the winning entry at Hormel's first bacon film festival.
Business
August 22, 2013
Hormel's acquisition of Skippy earlier this year helped the company overcome a profit hit in its bacon business.

With peanut butter added to bacon, Hormel profit rose 2 percent

Gains in its recently acquired Skippy peanut butter business helped offset the effect of higher pork prices.
Executive Compensation Report
July 29, 2013

Minnesota CEO pay: Lots of options

Minnesota's top CEOs cashed in far more stock options in 2012 than they did the year before, boosting median total pay 2.6 percent.
Business
July 14, 2013
Rev ready-to-eat wrap sandwiches from Hormel.

Hormel's latest product launch: Rev, a snack wrap aimed at teens

It's a ready-to-eat product in the refrigerated case, new terrain for Hormel.
Business
July 5, 2013
“We have the big companies and the diversified economy” that benefits from export-based trade, said Ryan Kanne, director of the U.S. Commercial Se

Imports, not just exports, benefit Minnesota's economy

Foreign goods and cash help support 750,000 jobs in the state, according to a report by the Business Roundtable.
Business
June 18, 2013
Hormel CEO Jeffrey Ettinger

Hormel lowers earnings forecast; stock falls

The packaged food firm has been hit by softer sales of its refrigerated food products and by higher pork costs.
Business
May 24, 2013

Hormel profits fall 4 percent

The Austin food company has been hurt by weakening conditions in its Jennie-O unit.