The Latest Breaking News from Hormel

It's not just the Federal Reserve that can fight inflation — consumers can, too, by changing their buying habits, Deloitte researchers say.

A recent settlement against Hormel Foods fought back against food industry attempts to exploit confusion

MINNEAPOLIS — Republican Brad Finstad defeated Democrat Jeff Ettinger in the special election race Tuesday to fill the vacant congressional seat in southern Minnesota.

MINNEAPOLIS — Republican Brad Finstad jumped to an early lead over Democrat Jeff Ettinger Tuesday in the special election race to fill the vacant congressional seat in southern Minnesota.

Mr. Peanut is headed to the metaverse.

Hormel Foods Corp. (NYSE: HRL) has marked July 5 as the 85th anniversary of the introduction of the Spam brand of canned pork.

U.S. stocks traded lower this morning, with the Dow Jones dropping 200 points on Thursday.

Hormel Foods Corp (NYSE:HRL) reported second-quarter FY22 sales growth of 19% to $3.09 billion, beating the consensus of $3.07 billion. Net sales for Refrigerated Foods increased 13% Y/Y, Grocery Products rose 39%, Jennie-O Turkey Store climbed 16%, and International & other sales fell 1%. EPS of $0.48 beat the analyst consensus of $0.47.…

Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside. Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain. The analyst expects material fertilizer supply shocks across nutrients. Samuelson views…