Company
Hormel Foods Corporation
Headquarters: Austin, MN, United States
Founded: 1891
Employees: 20,000
CEO: Mr. James P. Snee
Market Cap
$16.58 Billion
USD as of July 1, 2024
Hormel Foods Corporation Categories
United States Consumer Staples Packaged FoodsUnited States Consumer Staples United States Packaged Foods
Top Competitors by Market Capitalization
Industry: Packaged Foods
| Company | Market Cap (USD) |
|---|---|
| Danone SA | $40.48 B |
| The Kraft Heinz Company | $38.97 B |
| General Mills, Inc. | $35.21 B |
| Foshan Haitian Flavouring and Food Company Ltd | $25.79 B |
| Associated British Foods plc | $23.23 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Walmart | $542.78 B |
| Costco | $392.65 B |
| Procter & Gamble | $386.66 B |
| Coca-Cola | $272.82 B |
| Kweichow Moutai | $251.13 B |
Detailed Description
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
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Stocks & Indices
Hormel Foods Corporation has the following listings and related stock indices.
Stock: NYSE: HRL wb_incandescent
Stock: Bovespa: H1RL34 wb_incandescent
Stock: FSX: HO7 wb_incandescent
Stock: XETR: HO7 wb_incandescent
Product & Services
Deli meat, ethnic foods, pantry foods, Spam
Key People
Founder(s): George A. Hormel
James Snee (Chairman, President, CEO)
Financials
Revenue: US$ 9.497 billion (2019)
Operating income: 1.2 billion (2019)
Total assets: US$ 8.10 billion (2019)