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Thursday, March 11, 2010
US analyst initiates credit coverage of Hormel Foods
March 11, 2010 US analyst initiates credit coverage of Hormel Foods US stock analyst Morningstar has initiated credit coverage of Hormel Foods with a rating of AA, reflecting Hormel's conservative approach to its capital structure, narrow e ...
Monday, March 8, 2010
Hormel seeks expansion for Chinese market
March 8, 2010 Hormel seeks expansion for Chinese market Hormel Foods Corp wants to expand in China with an acquisition or a joint venture, according to CEO Jeffrey Ettinger. The chief executive officer says Hormel is at the higher end of th ...
Friday, February 19, 2010
Hormel Foods profit jumps on strong canned meat, Mexican sales
February 19, 2010 Hormel Foods profit jumps on strong canned meat, Mexican sales Hormel Foods Corp. posted a surprisingly strong 37% rise in fiscal first-quarter profit on Thursday (Feb 18), getting a boost from sales of its canned meat and ...
Friday, November 27, 2009
Hormel Foods announces annual dividend increase
November 27, 2009 Hormel Foods announces annual dividend increase The Board of Directors of Hormel Foods Corporation, a multinational marketer of consumer-branded food and meat products, announced its 44th consecutive annual dividend increa ...
Wednesday, November 25, 2009
Hormel Foods '09 earnings increase 17 percent
November 25, 2009 Hormel Foods '09 earnings increase 17 percent Hormel Foods Corp. earnings increased 17 percent during fiscal 2009, with net income in the year ended September 25 at US$342.8 million, equal to US$2.55 per share on the commo ...
Thursday, October 29, 2009
Hormel Foods, Herdez Del Fuerte complete joint venture
October 29, 2009 Hormel Foods, Herdez Del Fuerte complete joint venture Austin, Minnesota-based Hormel Foods and Mexico City-based Herdez Del Fuerte has announced the completion of their 50/50 joint venture agreement to create MegaMex Foods ...
Tuesday, September 22, 2009
Hormel Foods re-expands Austin facility
September 22, 2009 Hormel Foods re-expands Austin facility                                    Hormel Foods Corp., has spent about US$1 million to build a 3,600 square-foot addition to the south side of its flagship Austin, Minnesota facilit ...
Friday, August 21, 2009
Hormel Foods posts sharp profit increase for Q3
August 21, 2009 Hormel Foods posts sharp profit increase for Q3                                Hormel Foods Corp., the maker of Spam luncheon meat and Jennie-O turkey, said fiscal third- quarter profit rose 49 percent due to lower costs for ...
Tuesday, August 11, 2009
Hormel Foods boost earnings as feed costs ease
August 11, 2009 Hormel Foods boost earnings as feed costs ease                       Hormel Foods Corp. boosted its fiscal-year earnings outlook, citing solid performances from numerous segments, including improvement in its long-struggling ...
Monday, June 22, 2009
Hormel Foods, Herdez Del Fuerte announce launch of MegaMex Foods (Press Release)
June 22, 2009 Hormel Foods, Herdez Del Fuerte announce launch of MegaMex Foods   Press Release     Hormel Foods and Herdez Del Fuerte, S.A. de C.V., have announced a definitive agreement to create MegaMex Foods, a 50/50 joint venture to mar ...
Friday, February 20, 2009
Hormel Foods Q1'09 net earnings down 8 percent on-year
February 20, 2009 Hormel Foods Q1'09 net earnings down 8 percent on-year Hormel Foods has reported fiscal 2009 first quarter net earnings of US$81.4 million, down 8 percent from earnings of US$88.2 million a year earlier.  Sales totalled US ...
Thursday, January 22, 2009
Hormel Foods launches SPAM in China
January 22, 2009 Hormel Foods launches SPAM in China Hormel Foods is launching SPAM in China, expanding on the success of the company's iconic meat product line in other Asian markets. SPAM family of products for Hormel Foods International ...
Wednesday, December 24, 2008
Hormel Foods supports US pork quality assurance programme
December 24, 2008 Hormel Foods supports US pork quality assurance programme                                                              US-based food and meat producer, Hormel Foods took the lead to endorse the Pork Quality Assurance® (PQA ...
Thursday, September 18, 2008
Hormel Foods condemns pig farm abuses
September 18, 2008 Hormel Foods condemns pig farm abuses    Hormel Foods has condemned the abusive acts of workers at an Iowa pig farm, which was revealed in an undercover video taken by PETA. The video showed workers hitting sows with meta ...
Monday, August 11, 2008
High feed and fuel prices push Hormel to lower outlook
August 11, 2008    High feed and fuel prices push Hormel to lower outlook       US meat company Hormel Foods Corporation on Friday (August 8) said it may fall short of targets for its third quarter and full-year earnings this year despite w ...
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