Articles tagged under: Hormel

Hormel Reports Better-Than-Expected Quarterly Results

Published May 29, 2026

Hormel Foods reports operating income of $217 million in the second quarter. Net sales totaled $2.9 billion, with organic net sales up three percent. Sales were up six percent in food service, and down two percent in volume for retail.

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Hormel Reports 3Q Financials

Published September 1, 2025

Hormel reports quarterly profits of $183.7 million, up from $176.7 million in the same quarter a year ago. Due to rising costs for meat and other goods, Hormel officials warned that consumers will likely see higher prices.

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Snee to Lead Meat Institute

Published October 15, 2024

The Meat Institute has elected its new officer team. Hormel President and CEO James Snee will serve as the Meat Institute’s incoming chairman in 2025. Snee has been a member of the board since 2017.

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Hormel Settles

Published April 9, 2024

Pending final approval by the courts, Hormel Foods will pay $2.4 million to settle a price-fixing lawsuit. Major packers were accused of conspiring together to manage supply and control prices. The settlement states this deal is not an admission of…

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UM Interim President Selected

Published May 9, 2023

In a special meeting of the University of Minnesota Board of Regents, former Hormel CEO Jeff Ettinger was appointed the university’s interim president. The current president, Joan Gabel, has resigned to accept the chancellor role at the University of Pittsburgh.…

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Hormel Earnings Flat in 2Q

Published May 21, 2021

For its second quarter, Hormel Foods had net income of $228 million. Those earnings are nearly unchanged from one year ago. Sales rose from $2.4 billion to $2.6 billion.

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Hormel Releases 4Q Financials

Published November 25, 2020

Hormel Foods reports fourth quarter profits of $234 million. That’s down from $255.5 million one year ago. Due to the pandemic, Hormel invested over $80 million in supply chain changes over the past year. That includes enhanced safety measures and…

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Hormel Releases Quarterly Financials

Published August 26, 2020

Hormel reports third quarter net earnings of $203 million, up two percent from last year. Hog prices dropped to a 20-year low in July, which was positive for the Minnesota-based meat processor. COVID-19 hurt the bottomline for Hormel’s turkey business.…

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Hormel Issues 2Q Financials

Published May 22, 2020

Hormel Foods reports profits of $227.7 million in the second quarter. That’s down from $282.4 million one year ago. In the second quarter, Hormel took in $20 million in supply chain costs connected to lower production volumes, employee bonuses and…

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Hormel Reports 1Q Earnings

Published February 20, 2020

Minnesota-based Hormel Foods reports net income of nearly $243 million in the first quarter, up marginally from one year ago. Net sales rose one percent, reaching $2.4 billion. Volatile pork and beef trim prices impacted profitability across product lines in…

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