Hormel Foods Corp.

Company Overview

Hormel Foods Corp., founded in 1891 and headquartered in Austin, Minnesota, is a globally recognized leader in the processed meat industry. The company is renowned for its diverse portfolio of high-quality meat products, including well-known brands like SPAM, Jennie-O, and Applegate. Hormel Foods focuses on producing and marketing a wide range of processed meats, such as bacon, ham, sausages, and deli meats, catering to both retail and foodservice markets. With a commitment to innovation and sustainability, Hormel Foods continually adapts to changing consumer preferences, emphasizing natural and organic product lines. The company’s extensive distribution network and strategic acquisitions have strengthened its market presence, making it a key player in the global food industry. Hormel Foods’ dedication to quality, customer satisfaction, and corporate responsibility underpins its long-standing reputation and continued success in the processed meat sector.

Financial Highlights (FY 2024)

Company's Business Segments

• Retail : The segment consists primarily of the processing, marketing, and sale of food products sold predominantly in the retail market in the United States.
• Foodservice : The segment consists primarily of the processing, marketing, and sale of food products for foodservice, convenience store, and commercial customers located in the U.S.
• International : The segment processes, markets, and sells company products globally.