Business

MN Fortune 500

Hormel headquarters in Austin, MN. ] GLEN STUBBE * gstubbe@startribune.com Friday September 11, 2015 Despite woes throughout the food industry, partly due to consumers turning away some from processed foods, Hormel has managed to continue prospering -- even though a good part of its business -- Spam, chili -- is about as processed as you can get. But the company's turkey and pork offerings are riding a hot protein trend. And over the past two years, it's made some of the biggest acquisitions in
Glen Stubbe/The Minnesota Star Tribune

The Spam-maker has experienced a string of tough years, including 2025, but analysts predict a stronger year to come.

card image
card image

More from MN Fortune 500

Incoming CEO is writing Target’s next chapter, including largest store overhaul in a decade

Analysts are wary Michael Fiddelke’s plan won’t be quick enough to stem the Minneapolis-based retailer’s slide.
November 23, 2025

Key takeaways from Target’s pre-holiday report

As tight consumer budgets continue, Target’s sales and profits both declined. The company also is increasing its investment in stores, merchandise and AI.
November 19, 2025

Target’s corporate archivists preserve a century of Minnesota retail history

From past iterations of shopping carts to a salvaged Target Center “T,” these researchers can trace the Minneapolis-based retailer’s roots back to Dayton’s department store in the early 1900s.
November 11, 2025

General Mills CEO keeps a steady hand in turbulent time for Big Food

Eight years in, Jeff Harmening has learned to hold firm to the basics while embracing change at the Golden Valley-based company known for cereal.
November 10, 2025

Fastenal CEO leads with Minnesota modesty and so far is hitting the mark

Dan Florness is known for being frank, and also for facing problems before they show up in results.
November 8, 2025

Hormel cutting 250 jobs through layoffs, buyouts, hiring pause

The corporate restructuring at the Austin-based Spam-maker follows heavy inflation and a dim earnings outlook.
November 4, 2025
Hormel headquarters in Austin, MN. ] GLEN STUBBE * gstubbe@startribune.com Friday September 11, 2015 Despite woes throughout the food industry, partly due to consumers turning away some from processed foods, Hormel has managed to continue prospering -- even though a good part of its business -- Spam, chili -- is about as processed as you can get. But the company's turkey and pork offerings are riding a hot protein trend. And over the past two years, it's made some of the biggest acquisitions in
Editor's Pick

Editor's Pick

From more meat to less waste: How Minnesota food companies Cargill, General Mills use AI

Artificial intelligence-backed demand forecasting, supply chain tracking, prototype generating and even holiday commercials from Coca-Cola aim to make the industry more efficient without replacing human workers.
November 4, 2025

From MSP to Main Street, Minnesota businesses feeling shutdown's strain

Executives at large companies and small-business owners are facing troubles as Congress is stuck in a shutdown.
November 1, 2025

Target employees say messy layoffs are latest signal of culture shift

The Minneapolis-based retailer was once prided for its progressive workplace policies. Employees say that’s changed.
October 30, 2025

Hormel spins off Justin’s nut butters to private equity company

The Minnesota Spam-maker is selling a 51% stake in the brand to Forward Consumer Partners nearly a decade after buying it for $286 million.
October 29, 2025

3M still has reshaping to do, but don’t expect a ‘big bang’

Incremental product launches and business divestures will define the next few years at the Minnesota-based manufacturer.
October 29, 2025

Target's latest job cuts show new way corporations are handling layoffs

More than 800 Target employees in the Twin Cities were laid off on Tuesday, news they learned in a group telephone meeting. A more impersonal approach to cutting employees has become more of a norm in corporate America in recent years.
October 28, 2025
Back to Top