Headquartered in Austin, MN Fiscal year ends October NYSE: HRL hormelfoods.com
Hormel Foods Corporation is a Fortune 500 global branded food company with over $12 billion in annual revenue. The company operates through three segments: Retail, Foodservice, and International. Its extensive portfolio includes well-known brands such as Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O, and more than 30 other brands. The Retail segment sells branded and private-label food products to grocery and mass merchandise channels. The Foodservice segment provides solutions-based protein and food offerings to operators including restaurants, hotels, and institutional customers. The International segment markets products globally through branded exports and local operations. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats. Hormel is currently undergoing a leadership transition and is executing a multi-year Transform and Modernize initiative to reduce costs and optimize its portfolio, including recent divestitures of its Brazil operations (Ceratti brand) and Justin's branded business. Updated
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Hormel Foods Corporation is a Fortune 500 global branded food company with over $12 billion in annual revenue. The company operates through three segments: Retail, Foodservice, and International.
24/7 Wall St.'s 12-month price target for HRL is $23.02, rated Buy. The Wall Street consensus target is $25.94. HRL price prediction →
