NYSE:HRL

Hormel Foods Corp is one of the leading manufacturers and marketers of food and meat products worldwide. The company has a presence domestically in all 50 U.S. states and internationally through its JVs. Hormel has a strong brand portfolio consisting of popular brands like Skippy peanut butter, SPAM meat, Hormel Pepperoni, Jennie O, etc. Many of Hormel’s brands occupy the #1 or #2 positions in their respective categories. The company has one plant that harvests hogs for processing, seven turkey harvest and processing operations, and 30 facilities that produce and distribute other manufactured items. Refrigerated food is the company’s largest selling segment accounting for 50% of the company’s revenues. Other major segments are grocery products (26%), Jennie-O Turkey store (17%), and international & other (7%). The company’s products primarily consist of meat and other food products. The perishable category of food is the largest accounting for nearly 55% of the company’s total revenues, followed by poultry (19%), shelf-stable (19%), and miscellaneous (7%). With over 129 years in business, Hormel Foods has become a trusted food supplier in the world.