Hormel Foods Overview and Financial Insights

Hormel Foods is a leading American food company with a rich history dating back to 1891.

The company has grown significantly over the years, with annual sales exceeding $9.2 billion in 2020.

Hormel Foods is headquartered in Austin, Minnesota, with a diverse portfolio of brands that include Hormel, Jennie-O, and Skippy, among others.

The company's commitment to innovation and customer satisfaction has enabled it to remain a market leader in the food industry.

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Hormel Foods reported net earnings of $110 million on revenue of $3.30 billion in fiscal 1997.

In fiscal 1997, the company's per-share earnings climbed to $1.43, up from $1.04 in 1996.

Meat products accounted for 54 percent of Hormel's total sales in fiscal 1997, while prepared foods brought in about 27 percent of total revenue.

Hormel Foods met analysts' revenue expectations last quarter, reporting revenues of $2.90 billion, flat year on year.

The company's revenue is expected to grow 2.9% year on year to $2.98 billion this quarter, a reversal from the 2.2% decrease it recorded in the same quarter last year.

Hormel Foods has an average analyst price target of $33, compared to the current share price of $28.85.

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Hormel Foods reported net earnings of $110 million on revenue of $3.30 billion in fiscal 1997.

The company's per-share earnings climbed to $1.43 in fiscal 1997 from $1.04 in 1996.

Meat products accounted for 54 percent of Hormel's total sales in fiscal 1997.

Prepared foods brought in about 27 percent of total revenue in fiscal 1997.

The remaining 19 percent of revenue was accounted for by sales of poultry and other products.

Hormel Foods met analysts' revenue expectations last quarter, reporting revenues of $2.90 billion, flat year on year.

Analysts are expecting Hormel Foods's revenue to grow 2.9% year on year to $2.98 billion this quarter.

Hormel Foods has missed Wall Street's revenue estimates five times over the last two years.

The company's annual revenue was $12 billion in 2025.

Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month.

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Ralph Acampora, a respected chief technical analyst, favored Hormel Foods stock in 1998, despite it hitting a new 52-week high just before.

Acampora's predictions were well-respected on Wall Street, particularly after he accurately predicted the Dow-Jones Industrial Average (DJIA) would hit 7000 in mid-1995.

He also predicted the DJIA would top 10,000 in 1999, showing his confidence in the market's growth.

At Hormel Foods, business operations are a key part of the company's success. The company operates 26 manufacturing facilities in the United States and internationally.

Hormel Foods has a strong presence in the global market, with a diverse portfolio of brands that cater to various consumer needs. This includes brands like Skippy peanut butter and SPAM canned meat.

The company's focus on innovation and quality has enabled it to maintain a competitive edge in the market. Hormel Foods has a reputation for delivering high-quality products that meet the evolving needs of consumers.

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The NAICS code for Hormel Foods is 311.

To find the right NAICS code for your business, you can look up the codes for similar companies. For example, the NAICS codes for Hormel Foods are 31, 44, 11, and 311.

Finding the correct NAICS code is crucial for accurate business operations.

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Industry analytics is crucial for making informed decisions in business operations. By analyzing data from various sources, companies can gain valuable insights into their performance and identify areas for improvement.

According to our data, the average business uses 15 different software tools to manage its operations, which can lead to inefficiencies and errors. This is often due to a lack of standardization and integration across these tools.

Effective industry analytics involves setting clear goals and objectives, which can be achieved by establishing key performance indicators (KPIs) that align with the business's overall strategy. For example, a retail company may set a KPI of increasing sales by 10% within the next quarter.

By regularly reviewing and analyzing KPIs, businesses can identify trends and patterns that can inform their decision-making. This can be done using data visualization tools, such as charts and graphs, to present complex data in a clear and concise manner.

Industry analytics also involves identifying and addressing operational inefficiencies, which can be achieved through process mapping and optimization. By streamlining processes and eliminating unnecessary steps, businesses can reduce waste and improve productivity.

Regularly reviewing and updating KPIs is essential for ensuring that industry analytics remains effective and relevant. This can be done by conducting regular audits and assessments to identify areas for improvement and adjust KPIs accordingly.

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Consumer Market Data plays a crucial role in understanding our target audience and market trends. This is where we can gain insights from product sales across markets, product categories, and channels.

We can get intelligence on market shares, retail sales footprint, market position, and strength for consumer segments and geographies. This is especially useful for identifying opportunities and challenges in the market.

For instance, Hormel is a prominent brand, and Always Tender is a notable product in the Fresh Meats category. Similarly, Applegate is a brand that stands out in the Frozen Items category.

Here's a breakdown of the products and brands mentioned in our market data:

By analyzing this data, we can better understand the market and make informed decisions about our business operations.

Hormel's strategy involves acquiring companies with products that complement its existing product mix, such as Melting Pot Foods in 1995 to expand its ethnic foods market share.

The company prioritizes cost-effective expansions and facility enhancements, like constructing a new turkey processing plant in Montevideo, Minnesota.

Hormel has also invested in upgrading its operations, including expanding its gelatin/specialized proteins plant in Davenport, Iowa.

This strategic approach has helped Hormel grow its business and increase its market share in key areas.

Influences have played a significant role in shaping Hormel's business decisions. Consumer trends have driven the company's strategies, particularly in the 1980s and 1990s.

As consumers became increasingly health-conscious, sales of traditional meat products began to decline. Hormel responded by introducing lower-fat products like its Light & Lean 97 brands.

Convenience has also been a key trend, with consumers seeking easy-to-use packaging. Hormel met this demand by introducing cold cuts packaged in recloseable zippered thermoform.

The desire for a combination of eating and movie-watching has influenced Hormel's marketing efforts. The company partnered with Ingram Entertainment to offer discounts on videos, and later with New Line Home Video Inc. to promote the direct-to-sell-through release of a film.

Hormel has navigated controversy surrounding food irradiation, with a consumer group opposing the practice. The company has taken no stance on using irradiation in its products, but has been questioned about its stance.

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Hormel Foods has a long history of prioritizing its employees. Jay Hormel instituted the "Annual Wage Plan" in 1933, which guaranteed employees a year's notice before termination and offered flexible working hours, weekly pay, and a joint earnings plan.

The company's commitment to its employees is evident in its benefits package. Employees receive profit sharing, merit pay, a pension plan, and a joint earnings plan.

Jim Snee is the CEO of Hormel Foods, leading the company's efforts to maintain a positive work environment.

The CEO of a company is a crucial role in leadership and employment. Jim Snee is the CEO of Hormel Foods.

Knowing who the CEO is can give you an idea of the company's direction and vision. The CEO sets the tone for the entire organization, making key decisions that impact employees and customers alike.

As a leader, the CEO is responsible for making tough decisions and navigating the company through challenges. Having a strong CEO can make all the difference in a company's success.

Jim Snee has been leading Hormel Foods since 2016, bringing a wealth of experience to the role. His leadership has helped the company continue to grow and thrive in the industry.

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Jay Hormel's innovative approach to employment in 1933 led to the implementation of the "Annual Wage Plan", which provided employees with weekly pay, flexible working hours, and a guarantee of a year's notice before termination.

This plan marked a significant shift in labor practices, prioritizing employee stability and security.

The company also introduced profit sharing, merit pay, a pension plan, and a joint earnings plan to further support its employees.

These benefits not only improved employee satisfaction but also contributed to a more positive work environment.

As a result of these initiatives, Hormel's Austin plant expanded with the addition of a new 75,000-square-foot sausage manufacturing building.

Hormel has three main product lines: meat products, food service, and prepared foods. Their meat products group includes Cure 81 ham, Black Label bacon, and Light & Lean meats.

The company's prepared foods line includes shelf-stable and frozen foods such as SPAM and Hormel chili. Employees at Hormel number around 11,000.

Hormel sells its products in more than 40 countries, with major markets in Australia, Hong Kong, Japan, Korea, Mexico, Panama, Philippines, and the United Kingdom.

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Hormel's product lines are quite diverse, with three main categories: meat products, food service, and prepared foods.

Their meat products group includes well-known items like Cure 81 ham and Black Label bacon.

The food service sector offers a range of products, including Sandwich Maker turkey breast and roast beef.

The company's prepared foods line includes shelf-stable and frozen foods like SPAM and Hormel chili.

Hormel's product lines cater to different needs and preferences, making them a versatile option for consumers.

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Hormel's global presence is a key aspect of its business strategy. The company sells its products in more than 40 countries.

Major markets for Hormel include Australia, Hong Kong, Japan, Korea, Mexico, Panama, Philippines, and the United Kingdom. These countries are a significant part of Hormel's international business.

In 1994, Hormel teamed up with Beijing Agriculture Industry and Commerce to establish Beijing Hormel Foods Company Ltd. in China. This marked the company's entry into the Chinese market.

Hormel formed a joint venture with Grupo Herdez S. A. de C. V. of Mexico in 1995, called Hormel Alimentos S. A. de C. V. This partnership allowed Hormel to tap into the Mexican market.

Products produced by Hormel's joint venture in Shanghai, China, hit the Chinese market in January 1998. These products included sausage, hams, hot dogs, and bacon.

Hormel's joint venture in Shanghai plans to process 10,000 tons of meat annually. This is a significant step in the company's expansion plans for the Chinese market.

Hormel Foods is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol HRL.

The company was founded in 1891 by George A. Hormel in Austin, Minnesota, and has since grown to become one of the largest food companies in the world.

Hormel Foods has a diverse portfolio of brands, including well-known names like Skippy peanut butter, SPAM, and Dinty Moore.

The SIC code for Hormel Foods is 201, 20.

If you're looking for the SIC code for a specific company, you can try searching online or checking their corporate website.

The SIC codes for Hormel Foods are [201, 20].

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George Hormel founded the company as George A. Hormel & Co. in its early days.

The company's facilities have undergone updates over the years, with notable improvements including the addition of refrigeration.

Hormel started selling its products internationally, expanding its reach beyond domestic markets.

Jay Hormel took on the role of chairman of the board, while H.H. Corey became president.

Mary Kitchen Roast Beef Hash, Corned Beef Hash, and Spaghetti and Beef in Sauce were introduced to the market.

Jay Hormel passed away, and R.F. Gray became the company's fourth president.

Hormel acquired Jennie-O foods, expanding its portfolio of brands.

The company changed its name to Hormel Foods Corporation, reflecting its growth and evolution.

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Hormel began selling products in the Chinese market through its Shanghai Hormel Foods Co. Ltd. subsidiary.

Hormel implemented equal opportunity and affirmative action programs to promote diversity and prevent discrimination in the workplace.

On-the-job training and sponsored courses are offered to support employee education and development.

Hormel has explored international ventures, including a new Mexican venture.

Hormel Foods is a solid investment option for retirement income, with a dividend yield of 4.0%. This means you can expect a relatively stable income stream from your investment.

The company has a large portfolio of well-known brands, including Skippy, SPAM, Applegate, and Justin’s, among others. This diversification helps to reduce risk and increase potential returns.

Hormel Foods has also been investing heavily in its business to navigate the changing retail landscape. This includes acquisitions, such as the purchase of the Planters snack nuts business from Kraft-Heinz for $3.35 billion in 2021.

The company's payout is now 61% of earnings for this year, which is elevated from historical levels, but the dividend remains well-covered.

Here are some key dividend yield statistics for Hormel Foods:

Hormel Foods' strong financial performance has been reflected in its recent earnings reports. In the second quarter of 2025, the company posted adjusted earnings-per-share of 35 cents, which was a penny ahead of estimates.