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.
Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.
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.
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.
This week, Orkla pledged zero-deforestation by 2020. Elsewhere, United Biscuits opened its first e-commerce store in China. just-food spoke to CEO of American Halal Co., Adnan Durrani following the firm's recent acquisition in the plant-protein space and Givesco Bakery acquired cake maker Almondy. Here is the week in quotes.
China is lifting a ban it imposed on US pork products last year over the use of a feed additive.
Hormel Foods Corp., has announced the appointment of James Snee to the position of chief operating officer.
Seven US food and drink companies including Hain Celestial, Hormel Foods, Kraft Heinz Co. and Pinnacle Foods have agreed to publicly reveal how they are assessing and managing the risk that water poses to global food supplies.
Hormel Foods reported higher third-quarter profits and raised its full-year outlook despite a near-50% reduction in earnings at its Jennie-O Turkey business due to the impact of avian influenza.
Hormel Foods' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.
This week, Hormel Foods announced it was acquiring US natural and organic meat processor, Applegate Farms. In the UK, scrutiny over campylobacter continued with the Food Standards Agency revealed 73% of shop-bought chickens are contaminated with the food poisoning bug. Here is the week in quotes.
Hormel Foods has entered an agreement to acquire US organic meat group Applegate Farms for around US$775m.
Hormel Foods has announced it is to close a CytoSport manufacturing facility in Benicia, California.
Hormel Foods has booked a jump in half-year sales and earnings but warned its Jennie-O Turkey business will be "significantly challenged" by the impact of bird flu.
Post Holdings revealed yesterday (29 April) that avian influenza has been detected at an unnamed third party supplier of eggs to its Michael Foods Group business.
Hormel Foods has said the outbreak of HN52 avian influenza at a number of turkey farms will put pressure on sales and earnings from its Jennie-O Turkey Store division in the US giant's current financial year.
Avian influenza H5N2 has been found at a Hormel Foods-owned turkey farm in Minnesota.
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.
Hormel Foods Corporation : Consumer Packaged Goods - Company
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