Hormel Foods Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Jeffrey M. Ettinger
- Full Time Employees
- 20,000
- Sector
- Consumer non-durables
- Industry
- Food: meat/fish/dairy
- Address
- 1 Hormel Place Austin MN United States 55912-3680
- IPO Date
- Jan 16, 1990
- CIK
- 0000048465
- Website
- hormelfoods.com
- Similar Companies
- Business
- Hormel Foods Corporation Hormel Foods Corporation (NYSE: HRL) manufactures and markets a broad portfolio of branded food products, including shelf-stable meats such as Spam, pepperoni, bacon, and ready-to-eat meals; fresh and frozen proteins like turkey, ham, and sausages under brands including Jennie-O, Applegate, and Hormel Black Label; nuts, nut butters, and trail mixes via Planters and Justin's; and additional categories encompassing guacamole, cheese, deli meats, microwaveable items, nutrition shakes, and international specialties through subsidiaries like Hormel Foods International Corporation. The company, founded in 1891 and headquartered in Austin, Minnesota, operates globally with products sold in over 75 countries, including key markets in China, Japan, Australia, South Korea, and the Philippines; it serves retail consumers, foodservice operators, and international partners through segments focused on grocery, protein, and convenience foods. Recent developments include a November 2025 corporate restructuring to support strategic priorities and long-term growth, the October 2025 establishment of a partnership with Forward Consumer Partners under which the Justin's branded business becomes a standalone company with Forward acquiring a 51% majority stake while Hormel retains 49%, leadership changes such as the appointment of Paul Kuehneman as interim chief financial officer in October 2025 and the planned retirement of retail sales executive PJ Connor, new product collaborations like Hormel Black Label bacon with Frank's RedHot, and the 60th consecutive annual dividend increase announced in November 2025.
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