Hormel signals margin pressures from Brakebush despite chicken uplift
Hormel Foods anticipates the Brakebush Brothers deal will more than double the sales contribution from chicken but will likely weigh…
Hormel Foods
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Hormel boosts chicken presence with $1bn Brakebush deal
US protein group Hormel Foods is to acquire chicken producer Brakebush Brothers from its family owners for approximately $1.05bn. "The…
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Hormel Foods narrows sales forecast
Hormel Foods has lowered its sales guidance after pressure on parts of the US group’s turkey and snacks businesses weighed…
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Hormel Foods president John Ghingo named CEO
Hormel Foods has named its current president John Ghingo as the CEO of the US food business to replace Jeff…
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Hormel Foods sells Brazil business
Hormel Foods is to offload its business in Brazil to domestic food producer Zanchetta Alimentos as the US group looks…
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Hormel Foods braces for “noisy” quarter but sticks with sales guidance
Hormel Foods still expects base earnings to hit the top end of its full-year guidance range despite headwinds from elevated…
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Hormel Foods sells whole-bird turkey business
Hormel Foods has signed an agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI) as part of the…
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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…
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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…
