OverviewSuggest Edit

Hormel Foods is a manufacturer and marketer of consumer-branded food and meat products. It operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold predominantly in the retail market, along with the sale of nutritional and private label shelf-stable products to retail, foodservice, and industrial customers. The Refrigerated Foods segment deals with processing, marketing, and sale of branded and unbranded pork, beef, chicken, and turkey products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment specializes in the processing, marketing, and sale of branded and unbranded turkey products. The International & Other segment includes Hormel Foods International, which manufactures, markets, and sells Hormel Foods' products internationally.

TypePublic
Founded1891
HQAustin, MN, US
Websitehormelfoods.com
Employee Ratings3.7
Overall CultureA

Latest Updates

Employees (est.) (Jul 2020)18,700
Job Openings324
Revenue (FY, 2020)$9.6 B(+2%)
Share Price (Sept 2021)$41.6(-1%)
Cybersecurity ratingCMore

Key People/Management at Hormel Foods

Jim Sheehan

Jim Sheehan

Executive Vice President, Chief Financial Officer
Jim Snee

Jim Snee

Chairman of the Board, President, Chief Executive Officer
Amy Sheehan

Amy Sheehan

Director of Talent Acquisition
Leslie Lee

Leslie Lee

Vice President, Digital Experience
Deanna Brady

Deanna Brady

Executive Vice President, Refrigerated Foods
Pierre Lilly

Pierre Lilly

Senior Vice President and Chief Compliance Officer
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Hormel Foods Office Locations

Hormel Foods has offices in Austin, Algona, Beloit, Knoxville and in 3 other locations
Austin, MN, US (HQ)
1 Hormel Pl
Moorabbin, AU
PO Box 589
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Hormel Foods Financials and Metrics

Hormel Foods Revenue

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Hormel Foods's revenue was reported to be $9.61 b in FY, 2020 which is a 1.2% increase from the previous period.
USD

Revenue (Q1, 2021)

2.5b

Gross profit (Q1, 2021)

450.2m

Gross profit margin (Q1, 2021), %

18.3%

Net income (Q1, 2021)

222.4m

EBIT (Q1, 2021)

268.0m

Market capitalization (15-Sept-2021)

22.5b

Closing stock price (15-Sept-2021)

41.6

Cash (24-Jan-2021)

1.8b

EV

22.1b
Hormel Foods's current market capitalization is $22.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

9.5b9.5b9.6b

Revenue growth, %

4%(1%)1%

Cost of goods sold

7.6b7.6b7.8b

Gross profit

2.0b1.9b1.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.3b2.3b2.4b2.4b2.3b2.3b2.4b2.4b2.4b2.5b

Cost of goods sold

1.8b1.8b1.9b1.9b1.9b1.9b1.9b1.9b2.0b2.0b

Gross profit

502.2m496.7m459.2m488.3m469.1m433.4m468.4m477.4m422.4m450.2m

Gross profit Margin, %

22%21%19%21%20%19%20%20%18%18%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

459.1m672.9m1.7b

Accounts Receivable

600.4m574.4m702.4m

Prepaid Expenses

16.3m22.6m18.3m

Inventories

963.5m1.0b1.1b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.0b979.1m908.4m

Depreciation and Amortization

149.2m165.2m205.8m

Inventories

(8.3m)(123.8m)(1.8m)

Accounts Payable

48.4m(44.1m)111.3m
USDQ1, 2018

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
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Hormel Foods Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2018FY, 2019FY, 2020Feb, 2021

Countries Covered

80

Patents (Foreign)

171719996

Patents (US)

534646453434

Trademarks (US)

324
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Hormel Foods Acquisitions / Subsidiaries

Company NameDateDeal Size
PlantersFebruary 11, 2021$3.35 b
Sadler's Smokehouse LtdFebruary 20, 2020$270 m
Shedd’s Country Crock Business - UnileverFebruary 05, 2020
Columbus ManufacturingOctober 31, 2017$850 m
CerattiAugust 24, 2017$104 m
Fontanini Italian Meats and SausagesAugust 17, 2017$425 m
Justin’sMay 18, 2016$286 m
ApplegateJuly 13, 2015$775 m
CytoSportJuly 01, 2014$450 m
SKIPPYJanuary 03, 2013$700 m
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Hormel Foods Revenue Breakdown

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Hormel Foods revenue breakdown by business segment: 8.2% from International & Other, 17.8% from Jennie-O Turkey Store, 70.2% from Refrigerated Foods and 3.8% from Other

Human Capital Metrics

Hormel Foods's employees are reported to be approximately 38% female and 62% male.
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Hormel Foods Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Hormel Foods Online and Social Media Presence

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Hormel Foods Company Culture

  • Overall Culture

    A

    77/100

  • CEO Rating

    A+

    79/100

  • Compensation

    B

    71/100

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Hormel Foods News and Updates

Hormel Foods stock sinks after profit matches expectations but full-year outlook cut

Shares of Hormel Foods Corp. sank 4.6% in premarket trading Thursday, after the branded foods company, which brands include Planters, Skippy and Spam, reported fiscal third-quarter profit that matched expectations, while record revenue beat, but cut its full-year earnings guidance, as the company m…

Hormel Foods Reports Third Quarter Results And Updates Full Year Earnings Guidance Range

AUSTIN, Minn., Sept. 2, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the third quarter of fiscal 2021. All comparisons are to the third quarter of fiscal 2020 unless otherwise noted. EXECUTIVE SUMMARY - THIRD...

The MR. PEANUT® Character Is Giving Away $100,000 To Shellebrate His Move To Minnesota As The PLANTERS® Brand Joins Hormel Foods

AUSTIN, Minn., July 14, 2021 /PRNewswire/ -- The MR. PEANUT® character is packing his bags and preparing for his big move to his new home at Hormel Foods in Minnesota. To shellebrate his move to the land of 10,000 lakes, the legume is giving away 10 checks worth $10,000 each to reward...

Global Sports Nutrition Market Report 2021-2028 Featuring Glanbia, SternLife, Optimum Nutrition, Hormel Foods, CytoSport, Clif Bar & Company, Stokely Van Comp, Max Nutrition, MusclePharm

Dublin, June 09, 2021 (GLOBE NEWSWIRE) -- The "Sports Nutrition Market Share, Size, Trends, Industry Analysis Report, By Product; By Distribution Channel, By Regions; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering. The global sports nutrition market size …

Hormel Foods Announces Closing Of Acquisition Of Planters® Snacking Business

AUSTIN, Minn., June 7, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of the Planters® snacking portfolio from the Kraft Heinz Company (Nasdaq: KHC). The acquisition includes the Planters®, NUT-rition®, Planters® Cheez Balls and...

Hormel Foods profit and sales rise above expectations even as volumes fall, full-year outlook boosted

Hormel Foods Corp. reported Thursday fiscal second-quarter profit and sales that topped expectations, and raised its full-year outlook, even as volumes declined. Shares of the food company, which brands include SPAM, Skippy and Hormel, were still inactive in premarket trading. Net income edged up t…
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Hormel Foods Blogs

Entrepreneur is synonymous with BoCo

YellowScene Magazine highlights successful entrepreneurs in Bolder, Colo., including JUSTIN'S® nut butter founder Justin Gold The post Entrepreneur is synonymous with BoCo appeared first on Hormel Foods.

New Products – Hormel Foods Adds to Vital Cuisine Range

The new 500 Shake addition comes in chocolate and vanilla flavours and contains 22 grams of protein and 520 calories The post New Products – Hormel Foods Adds to Vital Cuisine Range appeared first on Hormel Foods.

10 (Or So) Questions With … Savile Lord

The Post Bulletin sits down with Savile Lord, manager of the SPAM® Museum The post 10 (Or So) Questions With … Savile Lord appeared first on Hormel Foods.

Applegate Partners with Nonprofit to Donate 7,000 Meals to Hungry Children

How is the organic meat provider's new partnership getting healthy proteins to more consumers? The post Applegate Partners with Nonprofit to Donate 7,000 Meals to Hungry Children appeared first on Hormel Foods.

The Best Healthy Packaged Snacks Of 2018

Women's Health highlights WHOLLY GUACAMOLE® spicy guacamole snack cups among best snacks of 2018 The post The Best Healthy Packaged Snacks Of 2018 appeared first on Hormel Foods.

Packaging Functionality

Interest in chub packaging by consumers continues to grow The post Packaging Functionality appeared first on Hormel Foods.
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Hormel Foods Frequently Asked Questions

  • When was Hormel Foods founded?

    Hormel Foods was founded in 1891.

  • Who are Hormel Foods key executives?

    Hormel Foods's key executives are Jim Sheehan, Jim Snee and Amy Sheehan.

  • How many employees does Hormel Foods have?

    Hormel Foods has 18,700 employees.

  • What is Hormel Foods revenue?

    Latest Hormel Foods annual revenue is $9.6 b.

  • What is Hormel Foods revenue per employee?

    Latest Hormel Foods revenue per employee is $513.8 k.

  • Who are Hormel Foods competitors?

    Competitors of Hormel Foods include Butterball, General Mills and Conagra Brands.

  • Where is Hormel Foods headquarters?

    Hormel Foods headquarters is located at 1 Hormel Pl, Austin.

  • Where are Hormel Foods offices?

    Hormel Foods has offices in Austin, Algona, Beloit, Knoxville and in 3 other locations.

  • How many offices does Hormel Foods have?

    Hormel Foods has 7 offices.