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Hormel Foods

Hormel Foods

Trademarks (US)

324

Feb, 2021

Revenue

$11.4 B

FY, 2021

Market Capitalization

$25 B

2022-09-20

Hormel Foods Summary

Company summary

Overview
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.
Type
Public
Founded
1891
HQ
Austin, MN, US | view all locations
Website
https://www.hormelfoods.com/
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • 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

Operating MetricsView all

Patents (Foreign)

6
33.3%

FY, 2020

Patents (US)

34

FY, 2020

Production Volume (Refrigerated Foods), lbs.

2.3M

FY, 2020

LocationsView all

8 locations detected

  • Austin, MN HQ

    United States

    1 Hormel Pl

  • Algona, IA

    United States

    1118 US-18

  • Austin, MN

    United States

    500 14th Ave NE

  • Beloit, WI

    United States

    3000 Kennedy Dr

  • Knoxville, IA

    United States

    209 N Godfrey Ln

  • Tucker, GA

    United States

    3367 Montreal Industrial Way

and 2 others

Hormel Foods Financials

Summary financials

Revenue (Q3, 2022)
$3.0B
Gross profit (Q3, 2022)
$506.0M
Net income (Q3, 2022)
$218.8M
Cash (Q3, 2022)
$850.3M
EBIT (Q3, 2022)
$291.0M
Enterprise value
$27.4B

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