The Latest Breaking News from Hormel

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

Two Minnesota companies join forces to make the beer that will be the hit of your game-day gatherings.

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…

Hormel Foods Corp (NYSE:HRL) reported first-quarter FY22 sales growth of 24% year-on-year, to $3.04 billion, beating the consensus of $2.93 billion. Organic net sales improved 13%. EPS of $0.44 was in line with Street view. The gross margin contracted 60 basis points Y/Y to 17.7%. The operating margin was 10.5%, and operating income for the…