Hormel Foods leans into protein trend as portfolio trimming planned
As Hormel Foods leans into the protein trend to support revenues and profits, the US retail and foodservice business has…
Hormel Foods
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Hormel Foods to shed 250 roles in restructuring drive
Hormel Foods plans to eliminate 250 positions through a mixture of voluntary early retirements and layoffs as part of a…
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Hormel Foods to spin off Justin’s brand in private-equity agreement
Hormel Foods is spinning off its Justin’s brand of nut butters and chocolate snacks through an investment agreement with Forward…
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Hormel Foods cuts forecast for annual earnings
Hormel Foods has cut its forecast for annual underlying earnings after “disappointing” profits in the US manufacturer’s fiscal third quarter.…
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Big Food’s stake in the future – in-house venture-capital funds’ investments
For Big Food companies looking to gain exposure to new, exciting, potentially faster-growing categories, M&A remains a popular route. But…
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Eyeing alternatives – meat companies with stakes in meat-free and cell-based meat
The rise of plant-based products and the arrival of cell-cultured options as meat alternatives are trends very much on the…
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Hormel Foods names interim chief exec but still no permanent CEO
Hormel Foods has appointed former CEO and board member Jeffrey Ettinger as the US group's interim chief executive – and…
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Hormel Foods confident of sales growth acceleration in back half
Hormel Foods expects second-half growth to accelerate although guidance for sales and EPS was tweaked to reflect the macroenvironment. “We…
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The heat could soon be on for indulgent spicy products
The indulgence of heat may sound like a Gabriel Garcia Marquez novel but it is rather the idea that spice…
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Cargill agrees financial settlement in turkey price-fixing lawsuit
Cargill has agreed a financial settlement in relation to a turkey price-fixing lawsuit, although the US agri-food giant has not…
