Hormel Foods Corporation
0J5Z.L
London Stock Exchange24.52
USD
-0.10
- -
Hormel Foods Corporation
0J5Z.L
(London Stock Exchange)
Recent
price
24.52
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Hormel Foods Corporation engages in the development, processing, and distribution of branded food products primarily within the meat, nuts, and other prepared foods categories. The company manufactures consumer food products including pork, turkey, bacon, pepperoni, sausages, deli meats, and other refrigerated meats under its flagship Hormel brand; branded nuts and snack foods including the Planters and Corn Nuts brands; value-added meat products such as deli meats under the Columbus Craft Meats brand; and convenience foods like ready-to-eat meals and snacks. Hormel Foods also offers produce products and a variety of shelf-stable packaged goods. The company operates globally with a presence in markets including the United States, China, Japan, Australia, South Korea, and the Philippines. Founded in 1891, Hormel Foods is headquartered in Austin, Minnesota. Recent major company developments include a strategic partnership with Forward Consumer Partners to create a standalone business for the Justin’s brand of nut butters and organic confections, with Forward owning 51% and Hormel 49%. In 2024, Hormel expanded its product innovation with launches such as the HORMEL Pepperoni Confetti, new flavored cashews and nut duos under the Planters brand, and expanded offerings in the Corn Nuts portfolio. The company also divested its Health Labs division in 2024, selling it to Lyons Magnus, signaling a strategic refocus. Additionally, Hormel continues its international expansion with past acquisitions such as the Brazilian meat processor Ceratti and the Italian meat company Fontanini, strengthening its global footprint in value-added meat products. Hormel Foods employs over 20,000 people worldwide and maintains over 40 brands ranked first or second in their respective categories. Operating primarily within the consumer packaged foods industry, Hormel Foods targets retail, foodservice, and convenience store markets through diverse product categories including refrigerated and shelf-stable meats, snacks, nuts, and prepared foods. Its comprehensive portfolio and ongoing innovation efforts support its positioning as a leading global branded food company. Recent product innovations and strategic partnerships demonstrate Hormel Foods’ focus on expanding its snacking and convenience food segments while optimizing its brand portfolio and international reach.