Hormel Foods Corporation engages in the production and marketing of various meat and food products throughout the United States and internationally. Internationally, the company markets its products through Hormel Foods International Corporation (HFIC), a wholly owned subsidiary. HFIC has a global presence with a minority position in a food company in the Philippines (The Purefoods-Hormel Company, Inc., 40% holding). In July 2015, the company acquired Applegate Farms, LLC of Bridgewater, New Jersey. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store (JOTS), Specialty Foods, and International & Other. Products and Distribution The company’s products primarily consist of meat and other food products. The meat products are sold fresh, frozen, cured, smoked, cooked, and canned. The Perishable category includes fresh meats, frozen items, refrigerated meal solutions, sausages, hams, wieners, guacamole, and bacon (excluding JOTS products). The Poultry category primarily includes JOTS products. Shelf-stable includes canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other items that do not require refrigeration. The Miscellaneous category primarily consists of nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products. Domestically, the company sells its products in all 50 states. The company’s products are sold through its sales personnel, operating in assigned territories or as dedicated teams serving major customers, coordinated from sales offices located in most of the larger U.S. cities. The company also utilizes independent brokers and distributors. As of October 25, 2015, the company had approximately 850 sales personnel engaged in selling its products. The company, through HFIC, markets its products in various locations throughout the world. Some of the larger markets include Australia, Canada, China, England, Japan, Mexico, Micronesia, the Philippines, Singapore, and South Korea. The distribution of export sales to customers is by common carrier, while the China operations own and operate their own delivery system. The company, through HFIC, has licensed companies to manufacture various company products internationally on a royalty basis, with the primary licensees being Tulip International of Denmark and CJ CheilJedang Corporation of South Korea. Customers During the year ended October 25, 2015, sales to Wal-Mart Stores, Inc. represented approximately 13.9 percent of the company’s revenues. Patents and Trademarks The company holds 46 U.S.-issued and 17 foreign patents. Most of the trademarks are registered. Some of the more significant owned or licensed trademarks used by the company or its affiliates are HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BÚFALO, CAFÉ H, CALIFORNIA NATURAL, CHI-CHI’S, COMPLEATS, CURE 81, CUREMASTER, CYTOSPORT, DAN’S PRIZE, DI LUSSO, DINTY MOORE, DODGER DOG, DON MIGUEL, DOÑA MARIA, DUBUQUE, EMBASA, ESSENCE C, FARMER JOHN, FAST ‘N EASY, FIRE BRAISED, HERB-OX, HERDEZ, HIBACHI GRILL, HOMELAND, HORMEL GATHERINGS, HOUSE OF TSANG, JENNIE-O, KID’S KITCHEN, LA VICTORIA, LAYOUT, LITTLE SIZZLERS, LLOYD’S, MANNY’S, MARY KITCHEN, MONSTER MILK, MUSCLE MILK, NATURAL CHOICE, NATURASELECT, NOT-SO-SLOPPY-JOE, OLD SMOKEHOUSE, PILLOW PACK, POCO PAC, PREMORO, PREP CHEF, RANGE BRAND, REV, ROSA GRANDE, SAAG’S, SANDWICH MAKERS, SAUCY BLUES, SKIPPY, SPAM, SPECIAL RECIPE, STAGG, TEZZATA, THICK & EASY, VALLEY FRESH, WHOLLY GUACAMOLE, and WRANGLERS. Research and Development The company’s expenditures for research and development were approximately $32.0 million for the year ended October 25, 2015. Competition The company’s major domestic competitors were Tyson Foods, Inc. and Smithfield Foods, Inc. (for its Refrigerated Foods segment); and Cargill, Inc. and Butterball, LLC (for JOTS segment), as well as ConAgra Foods, Inc.; General Mills, Inc.; Campbell Soup Co.; and J. M. Smucker Co. (for its Grocery Products segment) in 2015. History The company was founded by George A. Hormel in 1891. It was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in 1995.
hormel foods corp
(HO7:Berlin Stock Exchange)
1 Hormel Place
Austin, MN 55912
|Campbell Soup Co||$62.12 USD||-0.53|
|Dr Pepper Snapple Group Inc||$92.05 USD||-0.01|
|Grupo Bimbo SAB de CV||$52.81 MXN||-0.45|
|Clorox Co/The||$129.43 USD||+2.47|
|Hershey Co/The||$92.86 USD||-0.86|
|View Industry Companies|
Sponsored Financial Commentaries
Only a company representative may request an update for the company profile. Documentation will be required.
To contact HORMEL FOODS CORP, please visit www.hormelfoods.com. Company data is provided by Capital IQ. Please use this form to report any data issues.