HRL · Hormel Foods Corp /De/

As the global pizza community prepares to descend on Las Vegas for the International Pizza Expo ("Pizza Expo"), Hormel Foods (NYSE: HRL), a global branded food company and a leader in the pizza toppings category, is unveiling the five dominant menu items pizza enthusiasts will be seeking this year. As operators and pizza makers navigate consumer demand for menu innovation and virality, Hormel Foods Foodservice brand managers Logan Kumm and Travis McMillan explain that limited time offers (LTOs) for pizza toppings have evolved from seasonal specialty items into a business strategy. With 43% of US consumers looking for new foods/flavors to try all or most of the time, rotating LTOs have emerged as the pizza industry's primary engine for driving foot traffic and generating essential social media buzz. Key flavors and add-ons you will see this year, and beyond, are the introduction of new flavors and meats, specialty crusts, and an increased global influence. For a first-hand taste of

The SPAM ® brand and Bachan's ® have teamed up to launch a bold new product: SPAM® Japanese Barbecue Sauce Flavored , a limited-edition variety made with Bachan's ® Original Japanese Barbecue Sauce. This first-of-its-kind collaboration brings together two beloved pantry staples rooted in Asian American food culture, blending the iconic sizzle of the SPAM ® brand with a savory drizzle of Bachan's ® to deliver an umami-rich flavor in every bite. Available at Walmart, this flavor-packed release is perfect for frying, flipping, stacking, or snacking. "We are so excited for this partnership because both of our brands are rooted in family, tradition and flavors that bring people together. It's a pairing that just makes sense," said Justin Gill, founder and CEO of Bachan's. "I grew up eating the SPAM ® brand in my household, whether it was a quick musubi after school with friends or fried rice during the week with family. I've always loved the SPAM ® brand and the role it has played in

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2026, which ended January 25, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — FIRST QUARTER Net sales of $3.03 billion; organic net sales 1 up 2% Operating income of $244 million; adjusted operating income 1 of $247 million Operating margin of 8.0%; adjusted operating margin 1 of 8.2% Earnings before income taxes of $234 million; adjusted earnings before income taxes 1 of $238 million Diluted earnings per share of $0.33; adjusted diluted earnings per share 1 of $0.34 Cash flow from operations of $349 million EXECUTIVE COMMENTARY "We delivered solid first quarter fiscal 2026 results, with adjusted diluted earnings per share 1 of $0.34, supported by our fifth consecutive quarter of organic net sales 1 growth," said Jeff Ettinger, interim chief executive officer. "Our performance this quarter

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Donald Monk as chief technology officer, effective March 23. In this newly created role, Monk will serve as the company's senior-most technology leader, responsible for envisioning, aligning and delivering the enterprise technology, digital and data strategy that supports long‑term growth. "Don is an exceptional technology leader with a proven track record of transforming large, global organizations and building modern digital capabilities that unlock business growth," said John Ghingo, president, Hormel Foods. "As we continue to prioritize the modernization of our technology and data platforms, Don's experience and leadership will be critical in enhancing the capabilities that empower our business. We are thrilled to welcome him to Hormel Foods." Monk brings more than 35 years of global technology leadership to Hormel Foods, including more than three decades at General

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m. ET, and reaffirmed its expected organic net sales 1 and adjusted diluted earnings per share 1 guidance for fiscal 2026. The Company separately announced entry into a definitive agreement to sell its whole-bird turkey business, reflecting its ongoing portfolio shaping efforts. The Company will release its first quarter fiscal 2026 financial results on Thursday, Feb. 26, 2026. Preliminary First Quarter Fiscal 2026 Results Hormel Foods expects first quarter fiscal 2026 net sales of approximately $3 billion, reflecting 2% organic net sales 1 growth compared to the first quarter of fiscal 2025. This will mark the Company's fifth consecutive quarter of year-over-year organic net sales 1 growth. Hormel Foods expects preliminary first quarter fiscal 2026 diluted

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The transaction is expected to close by the end of the second quarter of fiscal 2026 for Hormel Foods, subject to customary closing conditions. "Our strategy for sustainable, profitable growth centers on expanding our value-added protein portfolio to meet evolving consumer needs, while reducing our exposure to more volatile, commodity-driven businesses," said Jeff Ettinger, interim chief executive officer, Hormel Foods. "We are confident that this portion of our legacy turkey business will be in good hands under LSI's ownership, given their deep experience and expertise in this area." In the transaction, LSI will acquire assets from Hormel Foods, including the Melrose, Minnesota, whole-bird production facility; Swanville, Minnesota, feed mill; and associated transportation

Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will lead the company's global supply chain, including procurement, manufacturing, planning, logistics, engineering and supply chain innovation. "Will is a proven supply chain leader who has scaled complex operations and built modern capabilities across global networks," said John Ghingo, president, Hormel Foods. "His forward‑looking leadership and ability to drive transformation across complex systems will be instrumental as we advance our long‑term strategy and strengthen our global supply chain." Bonifant joins Hormel Foods from The Hershey Company, where he most recently led supply chain strategy, manufacturing and engineering for a 20-plant network. Over 15 years with Hershey, his experience spanned the U.S., Canada and international markets, including