Based in Austin, Minnesota, Hormel Foods Corporation (HRL) is a global branded food powerhouse generating more than $12 billion in annual revenue. Its impressive portfolio spans some of the most recognizable names in the food industry, including Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O, and more than 30 other beloved brands. But despite its lineup of well-known brands, Hormel Foods has struggled to win over Wall Street this year.
With a market capitalization of roughly $11.71 billion, Hormel shares have fallen nearly 15.1% over the past year and are down 9.6% so far in 2026, significantly underperforming the broader S&P 500 Index ($SPX), which has gained about 19.3% over the past year and 12.9% year to date (YTD). Hormel has also trailed its defensive consumer-staples peers.
