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Wednesday, December 23, 2020
Hormel Foods opens new processing facility in Nebraska, US
Hormel Foods Corporation announced December 22 the opening of its newest production facility, Papillion Foods, located in Papillion, Nebraska, which will make dry sausage products for the company.
Wednesday, February 26, 2020
Hormel removes China banned ractopamine from swine supply
February 26, 2020 Hormel removes China banned ractopamine from swine supply Hormel Foods, a spam producer, has removed the growth drug ractopamine from its swine supply chain, following competitors JBS and Tyson Foods in a bid to boost meat ...
Monday, August 20, 2018
Hormel pork processing facility to be sold to Wholestone Farms
August 20, 2018 Hormel pork processing facility to be sold to Wholestone Farms A US pork processing facility - based in Nebraska and under the ownership of Hormel Foods - will be sold to Wholestone Farms, Minnesota Public Radio reported.  T ...
Thursday, May 28, 2015
Hormel Foods continues acquisition binge, to take over Applegate Farms
Packaged meat firm Hormel Foods has announced it will acquire organic prepared meat firm Applegate Farms for US$775 million, its biggest acquisition so far, following those of Skippy in 2013 and of CytoSport last year.
Thursday, January 29, 2015
San Miguel Pure Foods unit buys Hormel stake in Vietnam hog farm
January 29, 2015   San Miguel Pure Foods unit buys Hormel stake in Vietnam hog farm   San Miguel Pure Foods Co. Inc. has gained full control of a Vietnam-based hog farming and food processing subsidiary after buying out the 49% stake held b ...
Tuesday, December 2, 2014
Hormel, Cargill dissolve joint-venture firm Precept Foods
December 2, 2014 Hormel, Cargill dissolve joint-venture firm Precept Foods Hormel Foods Corp. has announced that Precept Foods, formed 12 years ago in partnership with Cargill Meat Solutions, has been dissolved. From 2002 until its recent d ...
Monday, February 24, 2014
Hormel reports Q1 fiscal 2014's 18% rise in net earnings
February 24, 2014    Hormel reports Q1 fiscal 2014's 18% rise in net earnings Hormel Foods reported net earnings of US$153.3 million during the first quarter of fiscal 2014, an increase of 18% from an earlier year's net earnings of US$129.7 ...
Tuesday, December 3, 2013
Hormel reports 18% rise in profits despite hog 'uncertainty'
December 3, 2013 Hormel reports 18% rise in profits despite hog 'uncertainty'     In the quarter ending October 27, Hormel Foods Corporation reported its earnings 18% higher on a per share basis, helped by a rise in retail pork profits, acc ...
Wednesday, November 27, 2013
Hormel reports annual profit of US$526 million, US$8.75 billion total sales
November 27, 2013 Hormel reports annual profit of US$526 million, US$8.75 billion total sales   Hormel reported another record-breaking fiscal year with US$526.2 million in profit and US$8.75 billion in total sales, both all-time bests. The ...
Wednesday, June 19, 2013
Hormel sees lower 2013 earnings due to weak pork operations result
June 19, 2013 Hormel sees lower 2013 earnings due to weak pork operations result Buoyed by weak results in its pork operations and stifling expenses stemming from last summer's drought, HormelFoods (HRL) narrowed its fiscal 2013 earnings ex ...
Tuesday, May 28, 2013
Hormel Foods' net income drops by 2% in Q2 2013
May 28, 2013 Hormel Foods' net income drops by 2% in Q2 2013 Hurt by weak results in its Jennie-O Turkey Store business and charges related to its acquisition of Skippy peanut butter, Hormel Foods' second-quarter net income fell by 2%. Jenn ...
Monday, May 27, 2013
Hormel Foods carries out plans to boost earnings
May 27, 2013 Hormel Foods carries out plans to boost earnings   Wall Street analysts are optimistic about Hormel Foods's growth plan, with its focus on longer-term growth potential and the will to overlook a decline in second-quarter profit ...
Thursday, April 18, 2013
Hormel Foods introduces new food products
April 18, 2013 Hormel Foods introduces new food products Hormel Foods has introduced new packaging for its Natural Choice product line, in addition of including sun-dried tomato turkey and cherry wood smoked ham as its two latest flavours. ...
Monday, February 25, 2013
Hormel's Q1 2013 company status shows positive results
February 25, 2013 Hormel's Q1 2013 company status shows positive results   Hormel's first quarter 2013 results showed "solid top-line momentum" with overall sales up 4% in value to US$2.1 billion and increased 2% in volume compared to the f ...
Tuesday, November 27, 2012
Hormel earns US$2 billion in new product sales
November 27, 2012 Hormel earns US$2 billion in new product sales   Hormel Foods Corporation's total sales from new products created since 2000 reached US$2 billion.  The company's "Go for US$2 billion by 2012" builds upon Hormel's earlier B ...
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