Hormel Foods - food industry company news 
2012 - Supermarket battles to drive supplier M&A
6 February 2012
Some of the world's largest retailers struggled in 2011, which promises to mean even more intense competition in 2012. What could this mean for suppliers? Ultimately, it could mean the industry witnesses more consolidation this year.
2011 in review - M&A activity fails to meet expectations
22 December 2011
A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.
US: Hormel names Berry sales executive
22 December 2011
Hormel Foods has appointed Cheryl Berry as international sales and marketing manager for Canada.
US: Former ConAgra exec Boever joins Pinnacle Foods
14 December 2011
US food maker Pinnacle Foods Group has appointed Christopher Boever as executive vice president and chief customer officer.
UK: Tulip adds Parkam Foods to portfolio
28 November 2011
Danish Crown's UK arm Tulip has acquired four meat companies from chilled meat producer Parkam Food Group.
Editor's choice: the highlights on just-food last week
28 November 2011
Global retail dominated our headlines this week, not least with the news that India has decided to ease the rules on foreign investment in the sector. In Europe, Ahold outlined its new strategy, rival Dutch retailer Jumbo snapped up local player C1000 and analysts reflected on the new CEO at Metro Group. Elsewhere, the turmoil surrounding US snack maker Diamond Foods widened when it emerged that a director had been found dead.
US: Hormel Q4 earnings drop but 2012 forecast cheers investors
22 November 2011
Shares in Hormel Foods climbed today (22 November) after the US food maker's lower quarterly profits beat analyst expectations - and its forecast for 2012 earnings was above Wall Street targets.
UK: Tulip to increase capacity at two UK sites
14 November 2011
Danish Crown's UK arm Tulip has confirmed that it plans to expand production capacity at two of its facilities.
US: Hormel Foods promotes Binder
11 October 2011
Hormel Foods has today (11 October) promoted Steven Binder to the position of president of Hormel business units.
US: Hormel announces management changes
28 September 2011
Hormel Foods today (28 September) announced a series of management changes for both its domestic and overseas businesses.
US: Diamond Foods CEO Mendes joins Hormel board
28 September 2011
Diamond Foods chairman, president and CEO Michael Mendes has joined the board of US food group Hormel Foods.
US: Hormel Foods shares drop despite profit jump
25 August 2011
Shares in Hormel Foods dropped despite today's announcement (25 August) of an increase in third-quarter profits and an improved forecast for annual earnings.
US: Hormel Foods' MegaMex to acquire Fresherized
22 July 2011
Hormel Foods' Mexican foods joint venture, MegaMex, has entered an agreement to acquire guacamole manufacturer Fresherized Foods.
US: Hormel Foods appoints Samples as Farmer John sales VP
23 June 2011
Hormel Foods has promoted its regional manager for meats to the role of vice president of sales and marketing for the firm's Farmer John meat brand.
US: Hormel ups profit target after Q2 jump
25 May 2011
Hormel Foods has lifted its full-year profit target after a "strong" second quarter, when the US food group enjoyed a double-digit jump in sales and earnings.
US: Hormel to expand HQ and Spam plant
18 May 2011
US food maker Hormel Foods has announced plans to expand its HQ in Minnesota and a Spam plant in Nebraska.
US: Hormel introduces Spammy turkey spread
1 April 2011
US consumer food group Hormel Foods has launched a fortified shelf-stable turkey spread, Spammy.
US: Hormel Foods appoints Aakre as SVP of corporate innovation and NPD
29 March 2011
Hormel Foods has appointed Scott Aakre as vice president of corporate innovation and new product development.
Quote, unquote: CAGNY 2011
25 February 2011
At the CAGNY analyst conference in Florida this week, two trends seemed to dominate the presentations: rising commodity costs - and manufacturers' ability to push them through - plus expansion into emerging markets. Here's the best of what was said at CAGNY:
CAGNY: Hormel looking for sales from NPD to accelerate
23 February 2011
Hormel Foods is aiming for sales of new products to accelerate from their levels in 2007 to 2012, the chief executive of the US food company has said.
US: Hormel Foods posts double-digit Q1 sales, profit growth
22 February 2011
Hormel Foods today (22 February) recorded a double-digit increase in quarterly sales and earnings due to an "excellent" performance by its Jennie-O Turkey Store and refrigerated foods divisions.
Quote, unquote: just-food's week in words
26 November 2010
This week had a couple of key interviews this week, with Associated British Foods' finance director speaking to just-food about commodity costs and restructuring in the group's grocery division, while we spoke to Gu founder James Averdieck about what the company has been doing since its sale to Noble Foods earlier this year. Meanwhile Ireland announced a series of austerity measures in the country which look set to impact the retail sector and Campbell Soup Co continued to post disappointing results. Here's the best of what was said this week:
Editor's choice: the highlights on just-food this week
26 November 2010
As Ireland's economic crisis dominated the business pages, data on the country's grocery retail sector suggested it was returning to growth after months in the doldrums. However, will Dublin's IMF-backed austerity package stall that growth? Elsewhere, management at Del Monte Foods said yes to a US$5.3bn private-equity takeover, Danone snapped up US yoghurt-maker YoCream International and Campbell Soup Co. and Hormel Foods revealed differing fortunes to the market.
On the money: Hormel predicts broad-based growth for 2011
23 November 2010
Hormel Foods is targeting higher profits from all its five divisions during its new financial year, chief executive Jeff Ettinger said today (23 November) after the US food group booked an almost 17% rise in full-year earnings.
US: Hormel hails "strong finish" to FY as sales, profits accelerate
23 November 2010
US food group Hormel Foods today (23 November) posted accelerated sales and earnings growth in the last quarter of its fiscal year, driving higher annual turnover and profits.
Comment: McCain sets out stall with Maple Leaf Foods' revamp
7 October 2010
Michael McCain, the president and CEO of Canadian food giant Maple Leaf Foods, has set out plans to make the processed meats and bakery firm a leaner business.
UPDATE: CANADA: Maple Leaf CEO McCain defends efficiency review
6 October 2010
Maple Leaf Foods president Michael McCain today (6 October) stood by the Canadian food group's plan to drive down costs and improve efficiency, insisting the business was facing increased competition from the US.
Sustainability Watch - Consulting the index
30 September 2010
This month saw the annual review for the Dow Jones Sustainability Indexes and the half-year review of the FTSE4Good index. The fact that this may have passed largely unnoticed by many in the business world, let alone by a wider public, is not perhaps surprising. Both indexes suffer from a problem which those championing corporate social responsibility (CSR) know only too well, that of being viewed by the mainstream investment community as peripheral or at worst irrelevant.
US: Hormel names veteran to M&A role
30 September 2010
US food group Hormel Foods has appointed Ron Fielding to lead the company's corporate strategy and M&A as part of a series of changes to its management team.
US: Hormel Mexican venture buys Don Miguel Foods
7 September 2010
Hormel Foods' Mexican food venture MegaMex Foods has snapped up taco and burrito maker Don Miguel Foods.
Related research
Hormel Foods Corporation - SWOT Analysis
Datamonitor's Hormel Foods Corporation - SWOT Analysis company profile is the essential source for top-level company data and information. Hormel Foods Corporation - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Hormel Foods Corporation (Hormel Foods or 'the company') is a manufacturer and marketer of consumer-branded meat and food products. In addition, the company also manufactures and distributes branded, value-added food products. The company operates in the US. It is headquartered in Austin, Minnesota and employs about 19,300 people. The company recorded revenues of $7,220.7 million during the financial year ended October 2010 (FY2010), an increase of 10.5% over FY2009. The operating profit of the company was $646.6 million in FY2010, an increase of 20.5% over FY2009. The net profit was $395.6 million in FY2010, an increase of 15.4% over FY2009.
Hormel Foods Corporation - Strategy, SWOT, and Corporate Finance Report
Datamonitors' Hormel Foods Corporation’s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.
Hormel Foods Corporation (HRL) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of Hormel Foods Corporation provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
