Hormel Foods CORP /DE/

Hormel Foods Corporation announced the appointment of John F. Ghingo as President and Chief Executive Officer, effective October 26, 2026, succeeding interim CEO Jeffrey M. Ettinger.

Hormel Foods reported solid first quarter fiscal 2026 results with $3.03 billion in net sales and diluted EPS of $0.33, while updating GAAP guidance and reaffirming adjusted full-year outlook.

Hormel Foods Corporation filed an amendment detailing the separation agreement and compensation package for former Executive Vice President and Chief Financial Officer Jacinth Smiley.

Hormel Foods Corporation's stockholders approved the 2026 Equity and Incentive Compensation Plan and an Executive Severance Plan, alongside director elections and auditor ratification.

Hormel Foods announced its fourth quarter and full-year fiscal 2025 results, showing continued top-line growth but challenged profitability, with a strategic focus on improved earnings for fiscal 2026.

Hormel Foods Corporation announced a corporate restructuring plan to reduce administrative expenses and align its workforce, eliminating approximately 250 corporate and sales positions.

Hormel Foods reports Q2 2026 net sales growth of 3% despite a $61 million pre-tax loss from the divestiture of its whole-bird turkey business.

Hormel Foods Corporation reported a 6.6% increase in net earnings per share for the first quarter of fiscal 2026, driven by strategic divestitures and pricing actions, despite a decline in Retail segment profit.

Hormel Foods Corporation reported a 5% increase in net sales for the third quarter of fiscal 2025, driven by strong brand performance, though segment profit declined across all segments due to higher input costs.

Hormel Foods Corporation reported a decrease in diluted earnings per share and gross profit for the second quarter and first six months of fiscal 2025, primarily driven by higher commodity input costs and a significant inventory build, even as net sales remained comparable or slightly increased.

Hormel Foods' first quarter 2025 earnings decreased by 23% due to higher costs and expenses, despite flat net sales.

Hormel Foods Corporation reported a 7% increase in diluted earnings per share for the third quarter of fiscal 2024, despite a 2% decrease in net sales.

Hormel Foods experienced a significant decline in net earnings for fiscal 2025 due to substantial impairment charges and persistent inflation, despite overall sales growth.

Hormel Foods Corporation's fiscal year 2024 saw a slight decrease in net sales but an increase in net earnings, as the company navigated a dynamic consumer and operating environment.

Gary C. Bhojwani, a Director at Hormel Foods Corp, reported a transaction involving the sale of 20,200 shares of common stock.

William W. Bonifant, GVP and Chief Supply Chain Officer at Hormel Foods Corp, acquired restricted stock units and stock options.

Domenic Borrelli, EVP of Retail at Hormel Foods Corp, was granted restricted stock units and stock options under the company's 2026 Equity and Incentive Compensation Plan.

Director D. Scott Aakre disposed of 1,722 shares of Hormel Foods common stock to satisfy tax withholding obligations related to restricted stock unit vesting.

William W. Bonifant, GVP and Chief Supply Chain Officer of Hormel Foods, was granted restricted stock units and stock options.

Debbra L. Schoneman, a Director at Hormel Foods Corp, acquired 1,332.78 phantom stock units on March 31, 2026, valued at $22.65 per unit.

Hormel Foods Corporation announced the logistical details for its 2026 Annual Meeting of Stockholders, scheduled for January 27, 2026, in Austin, Minnesota.

Hormel Foods Corporation has filed additional definitive proxy materials related to its 2026 Annual Meeting of Stockholders.

Hormel Foods reported a significant drop in operating income and net earnings for Fiscal 2025 amidst strategic restructuring and a proposal for a new equity and incentive compensation plan.

Hormel Foods announces the retirement of its Chairman, President, and CEO, James P. Snee, at the end of fiscal 2025, following a 36-year career with the company.

Hormel Foods Corporation has released details for its 2025 Annual Meeting, including voting information and proposals for shareholders.

Hormel Foods Corporation will hold its annual stockholders meeting virtually on January 28, 2025, to vote on director elections, auditor ratification, executive compensation, and a stockholder proposal.

The Vanguard Group filed an amended Schedule 13G, reporting 0% beneficial ownership in Hormel Foods Corp following an internal realignment that disaggregated reporting responsibilities.

State Street Corporation has reported a 5% beneficial ownership stake in Hormel Foods Corp, holding over 27 million shares as of December 31, 2025.

State Street Corporation has filed a Schedule 13G, revealing a passive beneficial ownership of 5% of Hormel Foods Corp's common stock as of March 31, 2025.