Hormel Foods Corporation

HRL

US4404521001

Food Processing

Market Closed - Nyse Other stock markets 02:30:02 10/02/2026 am IST			5-day change	1st Jan Change
24.41 ^USD	-2.09%		-0.20%	+3.00%

31/01	Hormel Foods Corporation - Shareholder/Analyst Call
16/01	Where the Money's Moving

Hormel Foods and Forward Consumer Partners Complete Transaction to Establish Justin's as a Standalone Company

Published on 12/16/2025 at 03:00 am IST

S&P Capital IQ

HORMEL FOODS CORPORATION

-2.09%

Hormel Foods Corporation and Forward Consumer Partners announced the completion of the previously announced transaction to form a new strategic partnership for the Justin's® brand.Under the terms of the agreement, Justin's will operate as a standalone company, owned 51% by Forward and 49% by Hormel Foods. The business includes category-leading products such as nut butters and USDA-certified organic chocolate confections. This transaction marks an exciting new chapter for the Justin's® brand, with the return of founder Justin Gold as a strategic advisor and member of the new partnership's board of directors, and former chief executive officer Peter Burns, who will serve as the new company's chief executive officer.

Burns will work alongside a seasoned leadership team and board members who bring deep expertise in building consumer brands: Hunt Killough (chief growth & strategy officer), Mark Doiron (chief sales officer), and Jeff Perkel (senior vice president of marketing & e-commerce) return to Justin's, having previously served in leadership positions at the company prior to its sale to Hormel Foods in 2016. David Ziegert (chief operating officer) and Randy Gilbride (vice president of brand & commercial strategy) join the new partnership with extensive packaged foods experience and prior collaboration with Peter.

Latest news about Hormel Foods Corporation

31/01	Hormel Foods Corporation - Shareholder/Analyst Call
16/01	Where the Money's Moving
16/01	Small Minneapolis businesses hit hard by ICE crackdown, while corporations stay silent	RE
16/01	Hormel Foods Corporation Appoints Domenic Borrelli as Executive Vice President of Retail, Effective February 23, 2026	CI
07/01	Hormel Foods Corporation Introduces Two Varieties to Bring Comfort and Convenience to the Table	CI
18/12	Hormel Foods Corporation Announces Appointment of Jason Levine as Chief Marketing Officer	CI
18/12	Hormel Foods announces appointment of Jason Levine to new enterprise-wide chief marketing officer position	RE
16/12	Hormel Foods, Forward Consumer Partners Enter Agreement to Form Justin's as an Independent Company	MT
16/12	Hormel Foods and Forward Consumer Partners complete transaction to establish Justin's as a standalone company	RE
16/12	Hormel Foods and Forward Consumer Partners Complete Transaction to Establish Justin's as a Standalone Company	CI
15/12	The Skippy®? Brand Partners with Milk Bar®? to Reveal the Secret Ingredient Behind A Holiday Favorite	CI
15/12	Forward Consumer Partners, LLC completed the acquisition of 51% stake in Justin's, LLC from Hormel Foods Corporation.	CI
09/12	Barclays Adjusts Price Target on Hormel Foods to $30 From $31, Maintains Overweight Rating	MT
08/12	Stephens Adjusts Price Target on Hormel Foods to $27 From $25, Maintains Equalweight Rating	MT
06/12	Tranche Update on Hormel Foods Corporation's Equity Buyback Plan announced on January 31, 2013.	CI
05/12	JPMorgan Adjusts Price Target on Hormel Foods to $28 From $27, Maintains Overweight Rating	MT
05/12	Piper Sandler Adjusts Price Target on Hormel Foods to $26 From $25, Maintains Neutral Rating	MT
05/12	Goldman Sachs Adjusts Price Target on Hormel Foods to $29 From $27, Maintains Buy Rating	MT
05/12	Indexes end near flat, supported by Fed hopes but dragged by Amazon	RE
04/12	Hormel Foods Sees Growth in 2026 Earnings, Sales Despite Weak Consumer Environment	MT
04/12	Hormel Foods Corporation Reports Earnings Results for the Full Year Ended October 26, 2025	CI
04/12	Hormel Foods Corporation, Q4 2025 Earnings Call, Dec 04, 2025
04/12	Sector Update: Consumer Stocks Mixed Pre-Bell Thursday	MT
04/12	191,000 and Confused
04/12	Hormel Foods forecasts annual profit above estimates on higher prices	RE

Chart Hormel Foods Corporation

Duration

Period

HRL: Dynamic Chart

Company Profile

Hormel Foods Corporation is a food processing group organized around two families of products: - perishable products (72.9% of net sales): fresh meat, refrigerated and frozen products based on beef and pork, etc.; - shelf-stable products (27.1%): grocery products, canned meats, nuts, stews, tortillas, sauces, chips, food supplements, etc. ; - other (0.9%). The United States account for 94.5% of net sales.

Employees

20,000

Sector

Food Processing

Calendar

19/02 - CAGNY Conference

More about the company