Hormel Foods is continuing to bolster its presence in the on-trend natural and better-for-you categories with its latest acquisition of nut-...
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Hormel Foods raised its full-year earnings outlook this week on the back of a "record" first quarter. The US company stressed it was able to increase earnings by 23% in spite of lower sales – the consequence of avian influenza hitting its Jennie-O turkey business. Hormel's management shared some insight into what it believes it is getting right at the Consumer Analyst Group of New York conference this week. Here are just-food's key takeaways.
The natural products sector has waived in a seismic shift in the mainstream shopping habits of American consumers. This has attracted the attention of legacy brand manufacturers. But as the forces of big food look to cash in, SMEs have leveraged their agility to focus on delivering new products. Here is just-food's pick of some of the most exciting new products on show from SMEs at this year's Natural Products Expo East.
Hormel Foods swooped to acquire natural and organic meat processor Applegate Farms earlier this week in a US$775m deal. In financial terms, the deal does not bring much to the table. Industry experts, however, have reacted favourably due to the long-term growth prospects of the natural and organic meat category. Hannah Abdulla explores what the deal means for Hormel.
Hormel Foods has moved to acquire Applegate Farms to tap into growing demand for natural and organic protein in the US. But what makes Applegate different is its ethical take on food production. If the company is to retain consumer trust under its new corporate owner, Hormel must let Applegate remain true to its founding principles, Katy Askew argues.
Hormel Foods' US natural and organic meat subsidiary, Applegate, has announced plans to improve animal welfare standards for broiler chickens to ensure the use of breeds "that are scientifically proven to have improved welfare outcomes".
US group Hormel Foods today (23 February) lowered its forecast for its annual earnings per share due to the outlook for its turkey business.
Hormel Foods, the owner of the Muscle Milk protein drink brand, has developed its first plant-based line.
Hormel Foods has launched a preservative-free "all natural" turkey sausage line under its Jennie-O brand in the US, aimed at meeting what it said is growing demand for "clean-label foods".
Philippines-based San Miguel Corp. has confirmed plans to invest up to PHP75bn (US$1.5bn) in its San Miguel Pure Foods subsidiary including new processing facilities.
Hormel Foods has set a target for its EBIT margin by 2020, with the US group behind brands from Spam to Muscle Milk aiming to be "in the top quartile" of its peer group - and sees M&A as a way of hitting the goal.
US meat group Smithfield Foods is to acquire Hormel Foods' Clougherty Packing, the parent company of Farmer John and Saag's Specialty Meats, as well as two processing facilities and three farms.
Hormel Foods, the US group behind brands from Spam to Muscle Milk, today (22 November) announced "record earnings" for the fourth quarter of its financial year.
Hormel Foods has named James Splinter, vice president of the US group's grocery products business, as vice president of corporate strategy.
Hormel Foods is promoting its president and chief operating officer James Snee to the post of CEO.
Hormel Foods raised its full-year outlook today (18 August) when it reported that sales accelerated in the third quarter on a stronger performance from its refrigerated and Jennie-O Turkey store units.
Hormel Foods' US nut butter and snack business Justin's has extended its snack pack product line with the launch of Justin's peanut butter and banana chip snack pack.
Applegate Farms, the US natural and organic meat subsidiary of Hormel Foods, has pledged to remove genetically modified organisms (GMO) from its entire supply chain.
US group Hormel Foods has discontinued its Spam Snacks line just months after launching the product in its domestic market.
Hormel Foods has announced the appointment of James Sheehan to the position of CFO as Jody Feragen retires from the role.
Skippy owner Hormel Foods has struck a deal to buy US nut-butter product maker Justin's.
Hormel Foods, the US group behind brands including Spam and Muscle Milk, today (18 May) lifted its target for annual earnings after what it called a "strong" second quarter and its expectation of growth during the rest of the year.
Hormel Foods has launched a line of products in the US designed to support the needs of cancer patients undergoing treatment.
Hormel Foods sports and nutrition unit Cytosport has announced it is revamping the recipe behind its Muscle Milk protein shakes to cut the amount of sugar and fat they contain.
Hormel Foods has announced a company-wide "clean label initiative" that will see it simplify the ingredient statements on "many" of its retail products.
Hormel Foods is expanding its peanut butter brand Skippy in the US with the launch of bite-size snacks.
Hormel Foods has indicated it has "bold growth plans" for peanut butter brand Skippy in the UK as the US group announced a change of distributor for the product in the country.
Hormel Foods, the US group, today (24 November) booked "record" annual earnings, though its full-year sales dipped after a near-6% drop in its fourth quarter.
Hormel Foods has said it is "extremely disappointed and concerned" following the release of a video depicting animal cruelty at one of its supplier farms in the US.
Rumours Chinese pork giant WH Group is eyeing acquisitions, particularly in the US, have surfaced.
Hormel Foods revealed some key management appointments as it looks to bring the recently-acquired Applegate Farms under its wing.
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