HRL on NYSE

Hormel

Logo: Hormel Foods Corporation, Public domain, via Wikimedia Commons6

American food processing company

Hormel Foods Corporation, doing business as Hormel Foods or simply Hormel, is an American multinational food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. The company originally focused on the packaging and selling of ham, sausage and other pork, chicken, beef and lamb products to consumers, adding Spam in 1937. By the 1980s, Hormel began offering a wider range of packaged and refrigerated foods.3 Its revenue was $12.5 billion in 2022.1 Its shares trade on NYSE under the symbol HRL.1 Wikipedia text CC BY-SA 4.0

$20.38 down 0.14 (0.66%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

$12.1BRevenue, fiscal 20257
$478.2MNet income, fiscal 20257
1891Founded1

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  • TickerHRL on NYSE1
  • Industryfood processing1
  • HeadquartersAustin1
  • Websitewww.hormel.com
  • Legal formDelaware corporation1
  • Incorporated inDE8
  • Business address1 Hormel Pl, Austin, Mn 55912-36808
  • Filer categoryLarge accelerated filer8
  • LEIMSD54751OJP1FS2ND8634
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 2431124
Hormel Corporate Headquarters, Austin, Minnesota
Photo: Myotus, CC BY-SA 4.0, via Wikimedia Commons11

Hormel Foods Corporation, doing business as Hormel Foods or simply Hormel, is an American multinational food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. The company originally focused on the packaging and selling of ham, sausage and other pork, chicken, beef and lamb products to consumers, adding Spam in 1937. By the 1980s, Hormel began offering a wider range of packaged and refrigerated foods. The company changed its name to Hormel Foods Corporation in 1993 and uses the Hormel brand on many of its products; the company's other brands include Planters, Columbus Craft Meats, Dinty Moore, Jennie-O, and Skippy. The company's products are available in over 80 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.6%Gross margin7
5.9%Operating margin7
4.0%Net margin7
1.6%Revenue growth, 20257
6.1%Return on equity7
0.36×Debt to equity7
$534.3MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Perishable Meat brought in 73% of the revenue Hormel broke down this way in fiscal 2025.

  1. Perishable Meat$8.8B773%up 3% from 2024
  2. Shelf Stable$3.3B727%down 3% from 2024
Products and services by year
Products and services202320242025
Perishable Meat$8.5B$8.5B$8.8B
Shelf Stable$3.6B$3.4B$3.3B

Business segments

Retail brought in 62% of the revenue Hormel broke down this way in fiscal 2025.

  1. Retail$7.5B762%up 1% from 2024
  2. Foodservice$3.9B733%up 3% from 2024
  3. International$709.1M76%up 1% from 2024
Business segments by year
Business segments202320242025
Retail$7.7B$7.4B$7.5B
Foodservice$3.6B$3.8B$3.9B
International$721.5M$701.5M$709.1M

Regions

United States brought in 94% of the revenue Hormel broke down this way in fiscal 2025.

  1. United States$11.4B794%up 1% from 2024
  2. Outside the United States$669.1M76%up 5% from 2024
Regions by year
Regions202320242025
United States$11.5B$11.3B$11.4B
Outside the United States$594.9M$636.8M$669.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$10.2B
  • Research and development0¢$35.2M
  • Selling, general and admin8¢$996.6M
  • Other costs2¢$196.1M
  • Income tax2¢$185.7M
  • Profit4¢$478.2M

Out of $12.1B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending33¢$310.9M
  • Dividends paid67¢$633.2M

Out of $845.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue12131415167$12.1B in 2025+27% since 2018
0$5.0B$10.0B$15.0B2018: $9.5B$9.5B20182019: $9.5B$9.5B2019−1%2020: $9.6B$9.6B2020+1%2021: $11.4B$11.4B2021+19%2022: $12.5B$12.5B2022+9%2023: $12.1B$12.1B2023−3%2024: $11.9B$11.9B2024−2%2025: $12.1B$12.1B2025+2%
Gross profit12131415167$1.9B in 2025−4% since 2018
0$1.0B$2.0B$3.0B2018: $2.0B$2.0B20182019: $1.9B$1.9B2019−5%2020: $1.8B$1.8B2020−3%2021: $1.9B$1.9B2021+6%2022: $2.2B$2.2B2022+12%2023: $2.0B$2.0B2023−8%2024: $2.0B$2.0B2024+1%2025: $1.9B$1.9B2025−6%
Operating income12131415167$718.6M in 2025−39% since 2018
0$500.0M$1.0B$1.5B2018: $1.2B$1.2B20182019: $1.2B$1.2B2019+1%2020: $1.1B$1.1B2020−8%2021: $1.1B$1.1B2021+2%2022: $1.3B$1.3B2022+17%2023: $1.1B$1.1B2023−18%2024: $1.1B$1.1B2024−0%2025: $718.6M$718.6M2025−33%
Net income12131415167$478.2M in 2025−53% since 2018
0$500.0M$1.0B$1.5B2018: $1.0B$1.0B20182019: $978.8M$978.8M2019−3%2020: $908.1M$908.1M2020−7%2021: $908.8M$908.8M2021+0%2022: $1.0B$1.0B2022+10%2023: $793.6M$793.6M2023−21%2024: $805.0M$805.0M2024+1%2025: $478.2M$478.2M2025−41%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-10-312024-10-312023-10-31
Net Sales$12.1B$11.9B$12.1B
Cost of Products Sold$10.2B$9.9B$10.1B
Gross Profit$1.9B$2.0B$2.0B
Selling, General, and Administrative$996.6M$1.0B$942.2M
Equity in Earnings of Affiliates-$105.8M$51.1M$42.8M
Goodwill and Intangible Impairment$70.8M$0$28.4M
Operating Income$718.6M$1.1B$1.1B
Interest Income$24.2M$40.2M$23.5M
Interest Expense$78.0M$80.9M$73.4M
Other Income (Expense), Net-$1.3M$8.2M-$8.7M
Earnings Before Income Taxes$663.4M$1.0B$1.0B
Provision for Income Taxes$185.7M$230.8M$220.6M
Net Earnings$477.8M$804.6M$792.9M
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest-$433.0K-$407.0K-$653.0K
Net Earnings Attributable to Hormel Foods Corporation$478.2M$805.0M$793.6M
Basic (in dollars per share)$0.87$1.47$1.45
Diluted (in dollars per share)$0.87$1.47$1.45
Basic (in shares)550.2M shares548.1M shares546.4M shares
Diluted (in shares)550.5M shares548.8M shares549.0M shares

Compare Hormel with another company

Corporate structure

Hormel sits at the top of its group. 64 entities, 12 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Hormel

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Hormel, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • State Street Corporation Filed SCHEDULE 13G on Hormel, latest Feb 9, 2026 (4 filings since Feb 14, 2022)
  • BlackRock Filed SC 13G/A on Hormel, latest Mar 7, 2024 (4 filings since Feb 1, 2022)
  • HORMEL FOUNDATION Filed SC 13G/A on Hormel, latest Jan 24, 2023
  • Hormel Austin, Minnesota, United States
    • Jennie-O Subsidiary · Willmar
    • Planters Subsidiary
    • 199 Ventures, LLC Subsidiary · Minnesota, United States
    • Alma Foods, LLC Subsidiary · Delaware, United States
    • Applegate Farms, LLC Subsidiary · Delaware, United States
    • Applegate Investment Corporation Subsidiary · Delaware, United States
    • Beijing Hormel Business Management Co., Ltd Subsidiary · China
    • Beijing Hormel Foods Co. Ltd. Subsidiary · China
    • Burke Marketing Corporation Subsidiary · Iowa, United States
    • Campoco, Inc. Subsidiary · Minnesota, United States
    • Century Foods International, LLC Subsidiary · Delaware, United States
    • Century Foods Land Development, LLC Subsidiary · Delaware, United States
    • Clean Field Comércio de Produtos Alimentícios Ltda. Subsidiary · Brazil
    • Columbus Manufacturing, Inc. Subsidiary · Delaware, United States
    • Creative Contract Packaging, LLC Subsidiary · Delaware, United States
    • Cultivated Foods, LLC Subsidiary · Minnesota, United States
    • Dan’s Prize, Inc. Subsidiary · Minnesota, United States
    • Diversified Foods Insurance Company, LLC Subsidiary · Vermont, United States
    • Dold Foods, LLC Subsidiary · Delaware, United States
    • Fontanini Foods, LLC Subsidiary · Minnesota, United States
    • HF International Holdings C.V. Subsidiary · Netherlands
    • Hormel (China) Investment Co., Ltd. Subsidiary · China
    • Hormel (Zhejiang) Innovation Technology Co., Ltd. Subsidiary · China
    • Hormel Canada, Ltd. Subsidiary · Canada
    • Hormel Financial Services Corporation Subsidiary · Minnesota, United States
    • and 38 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Hormel reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$74.7M7 Oct 26, 2025$75.2M7 Oct 27, 2024−0.6%
Construction in progress$286.5M7 Oct 26, 2025$228.7M7 Oct 27, 2024+25.2%
Finance-lease assets$25.6M7 Oct 26, 2025$30.5M7 Oct 27, 2024−16.1%
Operating-lease assets (leased space)$163.4M7 Oct 26, 2025$147.7M7 Oct 27, 2024+10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$670.7M7 Oct 26, 2025$741.9M7 Oct 27, 2024−9.6%
Marketable securities, current$32.9M7 Oct 26, 2025$24.7M7 Oct 27, 2024+33.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.9B7 Oct 26, 2025$4.9B7 Oct 27, 20240%
Intangible assets, net (excluding goodwill)$1.6B7 Oct 26, 2025$1.7B7 Oct 27, 2024−4.9%
Indefinite-lived intangibles (excluding goodwill)$1.6B7 Oct 26, 2025$1.6B7 Oct 27, 2024−3.8%
Finite-lived intangibles, gross$200.0M7 Oct 26, 2025$233.7M7 Oct 27, 2024−14.4%
Accumulated amortization$113.9M7 Oct 26, 2025$124.1M7 Oct 27, 2024−8.2%
Finite-lived intangibles, net$86.1M7 Oct 26, 2025$109.6M7 Oct 27, 2024−21.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.7B7 Oct 26, 2025$1.6B7 Oct 27, 2024+10.8%
Finished goods$1.1B7 Oct 26, 2025$881.3M7 Oct 27, 2024+19.8%
Supplies$142.6M7 Oct 26, 2025$147.3M7 Oct 27, 2024−3.2%

Properties, in its own words

The Company’s global headquarters is located in Austin, Minnesota. The Company has various processing plants, warehouses, and operational facilities, mainly located in the U.S. The Company maintains a national sales force through strategic placement of sales offices across the U.S. The Company also maintains properties internationally to support global processing and sales. The majority of the Company’s properties are owned. Leased property is used as needed for production, distribution, and sales.

The Company believes its operating facilities are well-maintained and suitable for current use. The Company regularly engages in construction and other capital improvement projects with a focus on value-added capacity projects and automation, as well as projects to support regulatory requirements, maintenance needs, and cost-reduction opportunities.

The rest of Item 2

Many of the Company’s domestic properties are utilized by more than one segment and utilization of these facilities can change over time. Therefore, it is impracticable to disclose them by segment. The facilities outside the U.S. serve the International segment.

Area (1)Square feet, in thousands · Owned · Leased · Total

Minnesota · 4,373 · 162 · 4,535

Iowa · 1,718 · 427 · 2,145

Wisconsin · 1,218 · 202 · 1,420

Arkansas · 589 · 261 · 850

Nebraska · 845 · — · 845

California · 149 · 673 · 822

All Other States · 2,518 · 1,249 · 3,767

Total Domestic · 11,410 · 2,974 · 14,384

China · 756 · 74 · 830

Brazil · 3 · 440 · 443

Indonesia · — · 18 · 18

Australia · — · 2 · 2

Total International · 759 · 534 · 1,293

Total Square Feet · 12,169 · 3,508 · 15,677

(1) Turkey grow-out facilities are excluded.

Item 2 of the 10-K filed Dec 5, 2025.21

The story

Founded by George A. Hormel in 1891.1

1890–1920

The company was founded as George A. Hormel & Company in Austin, Minnesota, by George A. Hormel in 1891. It changed its name to Hormel Foods in 1993.

Born 1860 in Buffalo, New York, Hormel worked in a Chicago slaughterhouse before becoming a traveling wool and hide buyer. His travels took him to Austin and he decided to settle there. He borrowed $500 and opened a meat business. Hormel handled the production side of the business and his partner, Albert Friedrich, handled the retail. Their partnership dissolved in 1891 as Hormel started his own meat packing operation in northeast Austin in a creamery building on the Cedar River.

To make ends meet in those early days, Hormel continued to trade in hides, eggs, wool, and poultry. The name Dairy Brand was first used in 1903. In the first decade of the 20th century distribution centers were opened in St. Paul, Minneapolis, Duluth, San Antonio, Dallas, Chicago, Atlanta, and Birmingham.

In 1915, Hormel began selling dry sausages under the names of Cedar Cervelat, Holsteiner and Noxall Salami. Hormel products began appearing in national magazines, such as Good Housekeeping, as early as 1916.

1920–1950

In 1921, when George's son Jay Hormel returned from service in World War I, he discovered that assistant controller Cy Thomson had embezzled $1,187,000 from the company over the previous ten years. The scandal provided George Hormel with additional incentive to professionalize his company. He did so by arranging for more reliable capital management, by dismissing unproductive employees, and by continuing to develop new products, reportedly with the mantra "Originate, don't imitate". In 1926, the company introduced Hormel Flavor-Sealed Ham, America's first canned ham, and added a canned chicken product line in 1928. Throughout the 1930s, Hormel ads were featured on the radio program The George Burns and Gracie Allen Show.

In 1933, workers, led by itinerant butcher Frank Ellis, formed the Independent Union of All Workers and conducted one of the nation's first successful sit-down strikes; the union would later join the Congress of Industrial Organizations (CIO, later AFL-CIO).

Hormel Chili and Spam were introduced in 1936 and 1937 respectively. In 1938, Jay C. Hormel introduced the "Joint Savings Plan" which allowed employees to share in the profits of the company.

By 1942, George and Jay established the Hormel Foundation to act as trustees of the family trusts. The Foundation funded the Hormel Institute at the University of Minnesota, initially started with a study of the food value of soybeans. The institute's scope later grew towards studying nutrition, animal diseases and food technology. Hormel's production increased to aid in World War II and 65% of its products were purchased by the U.S. government by 1945. Founder George Hormel died in March 1946 at age 85.

Read the full text

1950–2000

During six years of the 1950s, Hormel Foods used an advertising campaign produced by Al Sheehan where pretty girls in white cars sold the company's meat products.

In 1959, Hormel was the first meatpacker to receive the Seal of Approval of the American Humane Society for its practice of anesthetizing animals before slaughter.

Little Sizzlers sausages were introduced in 1961 and Cure 81 hams were introduced in 1963. Little Sizzler's sausage has been discontinued per 10/10/19 email from Hormel's Customer Service.

In 1973, Hormel formed a joint venture with the Ayala-owned Pure Foods Corporation in the Philippines for processing meat and other food products in the country.

Not-So-Sloppy-Joe Sloppy Joe sauce made its debut in 1985. In 1986, Hormel Foods acquired Jennie-O Foods and also began an exclusive licensing arrangement to produce Chi-Chi's brand products. The following year, Hormel Foods introduced the Top Shelf line of microwavable non-frozen products. The company added to their poultry offerings by purchasing Chicken by George, created by former Miss America Phyllis George, in 1988. That same year, Hormel Foods also introduced microwave bacon. In 1984, Hormel introduced the Frank 'n Stuff brand of stuffed hot dogs.

In August 1985, Hormel workers went on strike at the Hormel headquarters in Austin, Minnesota. In the early 1980s, recession impacted several meatpacking companies, decreasing demand and increasing competition which led smaller and less-efficient companies to go out of business. In an effort to keep plants from closing, many instituted wage cuts. Wilson Food Company declared bankruptcy in 1983, allowing them to cut wages from $10.69 to $6.50 and significantly reduce benefits. Hormel Foods had avoided such drastic action, but by 1985, pressure to stay competitive remained.

Workers had already labored under a wage freeze and dangerous working conditions, leading to many cases of repetitive strain injury. When management demanded a 23% wage cut from the workers they decided to begin the strike. It became one of the longest strikes of the 1980s.

The local chapter of the United Food and Commercial Workers Union, Local P-9, led the strike, but was not supported by their parent union. A commemorative mural painted by Mike Alewitz and P-9 workers during the strike was destroyed by the UFCW months after the strike ended. The strike gained national attention and led to a widely publicized consumer boycott of Hormel products. The strike ended in June 1986, after lasting 10 months.

2000–2010

The Spam Museum in Austin, Minnesota, was opened in 2001. That same year, Hormel Foods acquired the Turkey Store, the business was combined with Jennie-O Foods to form Jennie-O Turkey Store.

According to Triple Pundit, Hormel Foods began CSR reporting in 2006. The company has been included in Corporate Responsibility magazine's list of the "100 best corporate citizens" for 10 consecutive years.

In 2008 an article in The New York Times, "SPAM Turns Serious and Hormel Turns Out More", detailed an overwhelming spike in the demand for SPAM, perhaps due to the flagging economy. In 2009 Hormel and Herdez del Fuerte created the joint venture MegaMex Foods to market and distribute Mexican food in the United States. Brands included in the venture include Herdez, La Victoria, Chi Chi's, El Torito, Embasa, Wholly Guacamole, Del Fuerte, Dona Maria, Bufalo, and Don Miguel.

In September 2008, animal rights organization PETA released a video recorded over the course of three months showing workers at a pig factory farm in Iowa abusing pigs. The factory farm was owned by Natural Pork Production II LLP of Iowa until August 18, 2008, at which point ownership had transferred to MowMar LLP. Hormel spokeswoman Julie Henderson Craven, who responded to the PETA video, called the videotaped abuses "completely unacceptable". In their 2007 Corporate Responsibility Report, Hormel Foods stated that all suppliers are expected to comply with several welfare programs to ensure that the hogs purchased are treated humanely. Because of the investigation, several employees of the farm were fired and six individuals faced charges due to the abuse.

2010–present

In 2011, Hormel Foods announced a two-for-one stock split. In 2013, Hormel Foods purchased Skippy—the best-selling brand of peanut butter in China and the second-best-selling brand in the world—from Unilever for $700 million; the sale included Skippy's American and Chinese factories.

In May 2015, Hormel revealed it would acquire meat-processing firm Applegate Farms for around $775 million, expanding its range of meat products.

In 2015, the Hormel Health Labs division of Hormel Foods launched its Hormel Vital Cuisine line of packaged ready to eat meals, nutrition shakes and whey protein powders geared towards cancer patients and made available for home delivery. The line was developed in concert with three parties, as "Hormel brought food formulation, packaging and shelf stability knowledge, (chef de cuisine) Ron DeSantis brought taste and texture expertise, and the Cancer Nutrition Consortium offered the nutritional framework."

In 2015, SPAMMY became available for purchase under Title I for U.S. Department of Agriculture (USDA) feeding programs and Title II for U.S. Agency for International Development (USAID) programs under the name fortified poultry-based spread (FPBS). Four years earlier, the company had made an initial three-year commitment to deliver 1 million cans of this product to in-need families in Guatemala.

Also in 2015, after an undercover investigation by a group known as Compassion Over Killing at an Austin, Minnesota, processing plant, Hormel Foods announced it was "bringing humane handling officers to a Quality Pork Processors Incorporated facility to ensure compliance with its own animal welfare standards". It has also told QPP to provide extra training, enhance compliance oversight and increase third-party auditing. According to Reuters, "in one scene of the video, pigs covered in feces or pus-filled abscesses are sent down the plant's conveyor belt. At one point, a knife is used to cut open abscesses on dead pigs."

In 2016, Peak Rock Capital purchased the Diamond Crystal Brands Inc. unit, purchased by Hormel in 2002 for $155 million from Imperial Sugar. Also in 2016, Hormel acquired the nut butter producer Justin's for 280 million.

In 2016, 2017, and 2018, the company was named as one of the Human Rights Campaign's Best Places to Work for LGBT equality. In 2019, Hormel was again named to one of the best places to work for LGBT equality, as the company obtained a 95 out of 100 score in the Human Rights Campaign's Corporate Equality Index. The almost-perfect score was due to the area of "equivalency in same and different-sex domestic partner medical and soft benefits", where Hormel received half-credit for providing parity in some, but not all, benefits.

In 2017, Hormel sold Clougherty Packing, owner of the Farmer John and Saag's brands, to Smithfield Foods.

In October 2017, Hormel announced it would acquire deli meat company Columbus Manufacturing for $850 million.

In 2017, Mercy For Animals released undercover video footage of pigs being abused at The Maschhoffs LLC., a Hormel pork supplier in Hinton, Oklahoma, with piglets being castrated and having their tails cut off without any anesthetic, piglets left to suffer from untreated illness or injuries, and mother pigs crammed into gestation crates unable to move. In response, Hormel temporarily suspended its buying from the supplier.

According to the Military Times, the company has been listed in the top 100 Best for Vets Employers category consistently since 2013.

In April 2019, together with Harvard University Dining Services, the company hosted the Small Change Big Impact Food Summit at Harvard University.

In September 2019, Hormel Foods announced that they had achieved their non-renewable energy use reduction goal a year ahead of schedule.

Also in September 2019, the company launched a vegetarian meat alternative called Happy Little Plants for foodservice and retail customers.

On September 18, 2020, Hormel Foods hosted the world's largest virtual pizza party, when more than 3,000 people joined a Zoom-hosted pizza party. In order to break the record, at least 500 photos of individuals needed to be uploaded during the one-hour event. The final tally was 907 photos.

In February 2021, Kraft Heinz sold Planters and its other nuts businesses to Hormel for $3.35 billion.

In December 2025, Hormel Foods completed an agreement with Forward Consumer Partners to establish Justin's as a standalone company. Forward acquired a 51% controlling interest in Justin's, while Hormel retained a 49% interest.

In 2026, Hormel Foods continued to restructure its portfolio. During the second quarter, it completed the sale of its whole-bird turkey business to Life-Science Innovations. In July, it completed the sale of its Brazilian operations, operated under the Ceratti brand, to Zanchetta Alimentos.

In July 2026, Hormel Foods announced that John F. Ghingo would become president and chief executive officer effective October 26, succeeding interim CEO Jeffrey M. Ettinger. Ghingo has served as the company's president since July 2025.

In September 2026, Hormel Foods announced an agreement to acquire Brakebush Brothers, a family-owned value-added chicken processor, for approximately $1.055 billion. The transaction is expected to close during the first quarter of fiscal 2027, subject to customary closing conditions and regulatory approval.

Effect of the COVID-19 pandemic

On April 18, 2020, local health officials shut down a Hormel Foods plant in Rochelle, Illinois, that employed 800 people after at least 24 workers tested positive for coronavirus. On April 21, Hormel announced the closure of three meat processing plants, including its Alma Foods plant in Alma, Kansas. That plant employs about 100 workers and at least one worker tested positive for the coronavirus. Hormel also closed its Don Miguel Foods factory in Dallas, Texas, which is a joint venture with a Mexico City company, Herdez Del Fuerte. The plant made pork, beef and chicken burritos and tacos, and employed about 700 workers. On April 24, Hormel announced the closure of two plants in Willmar, Minnesota, after 14 workers tested positive for coronavirus. These Jennie-O turkey plants employed over 1,200 workers.

In October 2020, Hormel launched a bacon scented protective mask giveaway charity promotion.

From Wikipedia’s article on Hormel Foods, shared under CC BY-SA 4.0.9

Leadership

Who has led Hormel, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (104)

Products and brands

  • cold cut

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • 199 Ventures, LLC Minnesota10
  • Alma Foods, LLC Delaware10
  • Applegate Farms, LLC Delaware10
  • Applegate Investment Corporation Delaware10
  • Beijing Hormel Business Management Co., Ltd China10
  • Beijing Hormel Foods Co. Ltd. China10
  • Burke Marketing Corporation Iowa10
  • Campoco, Inc. Minnesota10
  • Century Foods International, LLC Delaware10
  • Century Foods Land Development, LLC Delaware10
  • Clean Field Comércio de Produtos Alimentícios Ltda. Brazil10
  • Columbus Manufacturing, Inc. Delaware10
  • Creative Contract Packaging, LLC Delaware10
  • Cultivated Foods, LLC Minnesota10
  • Dan’s Prize, Inc. Minnesota10
  • Diversified Foods Insurance Company, LLC Vermont10
  • Dold Foods, LLC Delaware10
  • Fontanini Foods, LLC Minnesota10
  • HF International Holdings C.V. Netherlands10
  • Hormel (China) Investment Co., Ltd. China10
  • Hormel (Zhejiang) Innovation Technology Co., Ltd. China10
  • Hormel Canada, Ltd. Canada10
  • Hormel Financial Services Corporation Minnesota10
  • Hormel Foods Asia Pacific Pte. Ltd. Singapore10
All 62 listed subsidiaries
  • Hormel Foods Australia Pty Limited Australia10
  • Hormel Foods Brazil Participações Ltda. Brazil10
  • Hormel Foods Corporate Services, LLC Delaware10
  • Hormel Foods International Corporation Delaware10
  • Hormel Foods Japan KK Japan10
  • Hormel Foods Mexico, S. de R.L. de C.V. Mexico10
  • Hormel Foods Operations, LLC Minnesota10
  • Hormel Foods Panama S.A. Panama10
  • Hormel Foods Philippines, Inc. The Philippines10
  • Hormel Foods Sales, LLC Delaware10
  • Hormel Foods, LLC Minnesota10
  • Hormel International Investments, LLC Delaware10
  • Hormel MM Holding Corporation Delaware10
  • Hormel Netherlands B.V. Netherlands10
  • JJOTS, LLC Minnesota10
  • Jennie-O Turkey Store International, Inc. Minnesota10
  • Jennie-O Turkey Store, Inc. Minnesota10
  • Jennie-O Turkey Store, LLC Minnesota10
  • Jiaxing Hormel Foods Co., Ltd China10
  • Justin’s, LLC Delaware10
  • Lloyd’s Barbeque Company, LLC Delaware10
  • Logistic Service, LLC Delaware10
  • Melting Pot Foods, LLC Delaware10
  • Mespil, Inc. Delaware10
  • Mexican Accent, LLC Delaware10
  • Omamori Indústria de Alimentos Ltda. Brazil10
  • Osceola Food, LLC Delaware10
  • PT Hormel Garudafood Jaya Indonesia10
  • PT Hormel Pronas Nusantara Indonesia10
  • Progressive Processing, LLC Delaware10
  • Provena Foods Inc. California10
  • Rochelle Foods, LLC Delaware10
  • Sadler’s Smokehouse, LLC Minnesota10
  • Shanghai Hormel Foods Co., Ltd. China10
  • Skippy Foods, LLC Minnesota10
  • Stagg Foods, LLC Delaware10
  • Valley Fresh, Inc. Delaware10
  • West Central Turkeys, LLC Delaware10

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. 2021Acquired Planters1
  2. 1986Acquired Jennie-O1

Former names

  • HORMEL GEO A & COJun 14, 1994 to Mar 14, 19958

Timeline

  1. Sep 30, 20268-K Entered a material agreement; Regulation FD disclosure136
  2. Aug 27, 20268-K Results of operations137
  3. Aug 24, 20268-K Executive or director change138
  4. Jul 28, 20268-K Executive or director change139
  5. Jun 12, 20268-K Executive or director change140
  6. May 28, 20268-K Results of operations141
  7. Feb 26, 20268-K Results of operations142
  8. Feb 18, 20268-K Results of operations143
  9. Feb 13, 20268-K Executive or director change144
  10. Feb 2, 20268-K Executive or director change; Shareholder vote145
  11. Dec 4, 20258-K Results of operations146
  12. Nov 4, 20258-K Exit or restructuring costs; Regulation FD disclosure147
  13. Jan 9, 2017New chief executive James P. Snee becomes CEO22
  14. Mar 2, 2006New chief executive Jeffrey M. Ettinger becomes CEO23
  15. Oct 21, 2003New chief executive Joel W. Johnson becomes CEO24
  16. 1891Founded Founded1

Calendar

Coming up

  1. Dec 3, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported $0.32 a share, on Dec 4, 2025.148

When it reported results

  1. Aug 27, 2026Reported quarterly or annual results137
  2. May 28, 2026Reported quarterly or annual results141
  3. Feb 26, 2026Reported quarterly or annual results142
  4. Feb 18, 2026Reported quarterly or annual results143
  5. Dec 4, 2025Reported quarterly or annual results146
  6. Oct 29, 2025Reported quarterly or annual results149
  7. Aug 28, 2025Reported quarterly or annual results150
  8. May 29, 2025Reported quarterly or annual results151

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

468 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 52 major events, 306 insider forms, 13 large holders, 77 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Sep 30, 20268-K EDGAR
  10. Sep 18, 20263 EDGAR
  11. Aug 27, 202610-Q EDGAR
  12. Aug 27, 20268-K EDGAR
  13. Aug 24, 20268-K EDGAR
  14. Jul 28, 20268-K EDGAR
  15. Jul 10, 20264 EDGAR
  16. Jul 8, 2026144 EDGAR
  17. Jun 12, 20268-K EDGAR
  18. Jun 11, 20264 EDGAR
  19. Jun 11, 20264 EDGAR
  20. Jun 9, 202611-K EDGAR

The 468 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 5 buys and 37 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 5, 2026Newlands William ADirectorBuy10,000$20.10$201.0KForm 4
Jul 8, 2026Bhojwani Gary C.DirectorSale20,200$24.51$495.2KForm 4
Dec 11, 2025Murano Elsa ADirectorSale13,400$24.00$321.6KForm 4
Mar 27, 2025Murano Elsa ADirectorSale4,500$30.40$136.8KForm 4
Dec 6, 2024LYKKEN STEVEN JGROUP VICE PRESIDENTBuy4,904$32.47$159.2KForm 4
Sep 27, 2024LYKKEN STEVEN JGROUP VICE PRESIDENTSale9,800$31.91$312.7KForm 4
Sep 18, 2024Myers Kevin LSENIOR VICE PRESIDENTSale10,000$32.70$327.0KForm 4
Sep 13, 2024Brady Deanna TEXECUTIVE VICE PRESIDENTSale51,600$31.95$1.6MForm 4
Jun 27, 2024Losness-Larson Katherine MSENIOR VICE PRESIDENTBuy830$30.12$25.0KForm 4
Apr 2, 2024Murano Elsa ADirectorSale4,300$35.13$151.1KForm 4
Apr 2, 2024Ourada Mark JGROUP VICE PRESIDENTSale13,800$35.50$489.9KForm 4
Mar 28, 2024Myers Kevin LSENIOR VICE PRESIDENTSale10,000$34.95$349.5KForm 4
Mar 28, 2024Coffey Mark AGROUP VICE PRESIDENTSale15,400$35.00$539.1KForm 4
Mar 8, 2024Coffey Mark AGROUP VICE PRESIDENTSale15,400$34.18$526.4KForm 4
Dec 27, 2023NESTEGARD SUSAN KDirectorSale8,105$31.78$257.6KForm 4
Dec 21, 2023Myers Kevin LSENIOR VICE PRESIDENTSale5,892$31.47$185.4KForm 4
Dec 19, 2023Brady Deanna TEXECUTIVE VICE PRESIDENTSale5,024$31.48$158.2KForm 4
Dec 13, 2023Murano Elsa ADirectorSale9,000$31.70$285.3KForm 4
Oct 13, 2023Myers Kevin LSENIOR VICE PRESIDENTSale5,200$30.93$160.9KForm 4
Sep 6, 2023Lilly Pierre MSenior Vice PresidentBuy1,454$37.25$54.2KForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James P. Snee$1.1M$7.4M156
2025Jeffrey M. Ettinger$323.1K$6.4M156
2025Jacinth C. Smiley$606.7K$2.7M156
2025John F. Ghingo$561.9K$2.4M156
2025Colleen R. Batcheler$561.3K$2.2M156
2025Swen Neufeldt$363.1K$1.6M156
2024Former President and$1.1M$8.1M156
2024Former Executive VicePresident and$554.9K$2.3M156
2024Senior Vice PresidentExternal$202.8K$1.2M156
2023Chief Executive Officer$1.0M$6.8M156
2023Chief Financial Officer$513.1K$1.9M156

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
State Street Corp25,867,365$642.0M0.0%−1,610,768
BlackRock, Inc.19,705,555$489.1M0.0%−4,005,797
Vanguard Capital Management LLC19,391,572$481.3M0.0%+118,358
Invesco Ltd.15,171,561$376.6M0.0%+253,481
Vanguard Portfolio Management LLC14,801,507$367.4M0.0%+118,379
Two Sigma Investments, LP12,325,712$305.9M0.2%+338,984
Dimensional Fund Advisors LP9,372,480$232.7M0.0%+2,523,306
Geode Capital Management, LLC8,186,164$202.8M0.0%+17,673
ProShare Advisors LLC7,630,462$189.4M0.3%+807,545
Morgan Stanley6,189,592$153.6M0.0%−951,448
Norges Bank5,704,004$141.6M0.0%New
Goldman Sachs Group Inc5,371,484$133.3M0.0%+2,321,272
Nuveen, LLC4,300,642$106.7M0.0%+1,176,199
Mairs & Power Inc3,398,047$84.3M0.8%−19,912
Northern Trust Corp2,664,078$66.1M0.0%−316,412
Epoch Investment Partners, Inc.2,461,270$61.1M0.3%+486,285
Charles Schwab Investment Management Inc2,342,029$58.1M0.0%+122,592
First Trust Advisors LP2,324,143$57.7M0.0%−519,394
Vest Financial, LLC2,285,103$56.7M0.6%+165,403
UBS Group AG2,236,099$55.5M0.0%−2,522,791
Bank Of America Corp /de/2,086,507$51.8M0.0%−319,388
Gates Foundation Trust2,085,290$51.8M0.2%No change
Nomura Asset Management Co Ltd1,762,606$43.7M0.1%+99,784
Miller Howard Investments Inc /ny1,761,166$43.7M1.2%+337,446
Jpmorgan Chase & Co1,616,014$42.9M0.0%−543,063

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

13 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 13, 2026Kevin HernRepublican, HouseSale$1,001 - $15,000+16.6%Report
Sep 25, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+34.6%Report
Sep 11, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−37.9%Report
Jul 22, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+54.2%Report
Jul 16, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−56.1%Report
Dec 28, 2023Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+98.7%Report
Dec 28, 2023Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+98.7%Report
Jul 14, 2023Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−121.5%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+138.2%Report
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−141.0%Report
Feb 21, 2023Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−149.0%Report
Jul 28, 2021Carol D. MillerRepublican, HousePartial sale$15,001 - $50,000+132.8%Report
Jan 4, 2021Christopher L. Jacobs, HousePartial sale$1,001 - $15,000+165.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Hormel is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHORMEL FOODS CORP /DE/2
  • CIK0000048465
  • Employer ID (EIN)41-031997021
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company21
  • Incorporated inDelaware21
  • Fiscal year endsOctober 252
  • Industry code (SIC)2011 Meat Packing Plants2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1 Hormel Pl, Austin, MN 55912-36802
  • Mailing address1 Hormel Place, Austin, MN 55912-36802
  • Phone(507) 437-56112
  • Shares outstanding550,107,295 Common Stock shares; 0 Nonvoting Common Stock shares as of Nov 30, 202521
  • Public float$8.6B as of Apr 27, 202521
  • AuditorErnst & Young LLP, Minneapolis, Minnesota PCAOB ID 42; it also attests to the company’s internal control over financial reporting21
  • On EDGAR sinceFeb 10, 19942
  • Filings2,807 in all: 4 (1,912), 8-K (266), 11-K (116), 10-Q (99), 3 (76), DEF 14A (33), 10-K (32), SC 13G/A (29)2
    All 39 form types

    5 (28), 144 (23), 4/A (23), ARS (17), SC 13G (15), UPLOAD (15), S-8 (14), DEFA14A (10), 10-Q/A (9), CORRESP (8), 11-K/A (7), 8-K/A (7), NO ACT (7), PX14A6G (7), PRE 14A (6), S-3ASR (6), 3/A (5), 424B2 (5), FWP (5), S-4/A (5), 10-K/A (3), 424B3 (3), 424B5 (3), S-8 POS (3), 11-KT (2), S-4 (2), SCHEDULE 13G (2), EFFECT (1), S-3 (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Dec 5, 2025
    Quarterly report (10-Q) Aug 27, 2026
    Proxy statement (DEF 14A) Dec 17, 2025
    Latest 8-K (8-K) Sep 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock $0.01465 par valueHRLNew York Stock Exchange

From the cover page of the 10-K filed Dec 5, 2025 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

The risks Hormel names in Item 1A of its 10-K filed Dec 5, 2025: 21 risks under these headings, as written.21

  • Business and Operational Risks
  • Deterioration of economic conditions could harm the Company’s business.
  • The Company’s operations are subject to the risks associated with acquisitions, joint ventures, equity investments, and divestitures.
  • Risks and uncertainties associated with intangible assets, including any future goodwill or intangible asset impairment charges, may negatively impact the Company.
  • The Company is subject to the risk of disruption of operations, including at owned facilities, co-manufacturers, suppliers, logistics providers, customers, or other third-party service providers.
  • The Company may not realize the anticipated cost savings or operating profit improvements associated with strategic initiatives, including its Transform and Modernize initiative.
  • The Company is subject to the risk of unfavorable changes in the Company’s relationships with significant customers, suppliers, distributors, and other third parties.
  • The Company may be adversely impacted if the Company is affected by cybersecurity attacks or other security breaches.
  • A significant disruption to the Company's IT systems and the Company's failure to adequately maintain and update those systems could adversely affect the Company's operations.
  • Deterioration of labor relations, labor availability or increases in labor costs could harm the Company’s business.
  • If the Company fails to achieve its projected results or otherwise fails to meet market expectations regarding its financial performance, the price and volatility of its stock could be adversely affected.
  • Industry Risks
The other 11 risks
  • The Company’s operations are subject to food safety and other risks inherent to the food industry.
  • Outbreaks of disease among livestock and poultry flocks could harm the Company’s revenues and operating margins.
  • Fluctuations in commodity prices and availability of raw materials and other inputs could harm the Company’s results of operations.
  • Market demand for the Company’s products may fluctuate, including due to private-label products and lower-priced alternatives.
  • The Company faces risks related to its ability to respond to changing consumer preferences, diets and eating patterns, including through its innovation and marketing investments.
  • Damage to the Company’s reputation or brand image could adversely affect its business.
  • The potential impacts of a changing climate could have an adverse impact on the Company’s results of operations and financial condition.
  • Legal and Regulatory Risks
  • Litigation and other legal proceedings may adversely affect the Company's reputation, results of operations, and financial condition.
  • Government regulation, present and future, exposes the Company to potential sanctions and compliance costs that could adversely affect the Company’s business.
  • The Company is subject to stringent environmental regulations and may be subject to environmental litigation, proceedings, and investigations.
  • The Company’s foreign operations pose additional risks to the Company’s business.

Legal proceedings

Information regarding legal proceedings is available in Note K - Commitments and Contingencies of the Notes to the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.21

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