Hormel Foods Corp - Company Profile
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Hormel Foods Corporation (Hormel Foods) is a food processing company that develops, processes, and distributes a broad range of food products. The company's product offerings include fresh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, guacamole, canned luncheon meats, nut butters, snack nuts, shelf-stable microwaveable meals, hash, stews, tortillas, nutritional food supplements among others. Hormel Foods is associated with several well-known brands such as Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Justins, Wholly, Hormel Black Label, Columbus, and Jennie-O. Its products are sold across multiple distribution channels, including U.S. Retail, U.S. Foodservice, and International. The company operates in domestic and international markets including Australia, Brazil, Canada, China, England, Indonesia, Japan, Mexico, the Philippines, Singapore, South Korea and the US. Hormel Foods is headquartered in Austin, Minnesota, USA.
Headquarters
United States of America
Address
1 Hormel Place, Austin, Minnesota, 55912-3680
Website
www.hormelfoods.com
Telephone
1 507 4375611
No of Employees
20,000
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
HRL (NYSE)
Revenue (2022)
$12.1B
-2.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-20.6%
(2022 vs 2021)
Market Cap*
$19.5B
Net Profit Margin (2022)
XYZ
-18.4%
(2022 vs 2021)
* As of and is in US$
Hormel Foods Corp premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Fresh Meats | Hormel |
| Frozen Items | Always Tender |
| Refrigerated Meal Solutions | Applegate |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, the company introduced Applegate Naturals Fully Cooked Sunday Bacon, fully cooked bacon variety. |
| 2024 | New Products/Services | In April, the company launched PLANTERS nut duos snacks, a new flavor in snack nuts category. |
| 2024 | New Products/Services | In March, the company unveiled a new packaging design for its Natural Choice brand. |
Competitor Comparison
| Key Parameters | Hormel Foods Corp | Tyson Foods Inc | WH Group Ltd | General Mills Inc | Conagra Brands Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Hong Kong | United States of America | United States of America |
| City | Austin | Springdale | Hong Kong | Minneapolis | Chicago |
| State/Province | Minnesota | Arkansas | - | Minnesota | Illinois |
| No. of Employees | 20,000 | 139,000 | 101,000 | 34,000 | 18,600 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James P. Snee | President; Chairman; Chief Executive Officer | Executive Board | 2017 | 56 |
| Jacinth C. Smiley | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 55 |
| Katie Clark | Chief Communications Officer; Senior Vice President | Senior Management | 2024 | - |
| Pierre Lilly | Chief Compliance Officer; Senior Vice President | Senior Management | 2020 | 51 |
| Brian D. Johnson | Vice President; Secretary | Senior Management | 2010 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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