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Hormel Foods Corporation - Company Profile

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Hormel Foods Corporation - Overview

Brands
Applegate, Columbus, Dinty Moore, Herdez, Hormel, Jennie-O, Skippy, Spam, Wholly Guacamole
Description
Hormel Foods is a public company headquartered in Minnesota with an estimated 20,000 employees. In the US, the company has a notable market share in at least three industries: Meat, Beef & Poultry Processing, Beef & Pork Wholesaling, Peanut Butter Production and Beef & Pork Wholesaling. Their largest market share is in the Peanut Butter Production industry, where they account for an estimated 9.5% of total industry revenue.
Company Details

Registered Name: Hormel Foods Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: 1 Hormel Place Austin MN 55912-3680

Website: http://www.hormel.com/

Employees: 20000

Hormel Foods Corporation - Operating Industries and Main Competitors

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Hormel Foods Corporation - Products and Services

  • Meat, Beef & Poultry Processing in the US

  • Of the 4 core revenue-generating products and services in the Meat, Beef & Poultry Processing in the US industry, Hormel Foods Corporation offers:
    • Slaughtered animal products (except poultry)
  • Beef & Pork Wholesaling in the US

  • Of the 6 core revenue-generating products and services in the Beef & Pork Wholesaling in the US industry, Hormel Foods Corporation offers:
    • Beef
  • Peanut Butter Production

  • Of the 3 core revenue-generating products and services in the Peanut Butter Production industry, Hormel Foods Corporation offers:
    • Creamy peanut butter
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Hormel Foods Corporation - Analyst Insights

Hormel highlights Planters acquisition in 2021 annual report

Hormel Foods Corporation (Hormel) highlights the growth potential for the company following the acquisition of Planters. The company states that the Planters snack nuts business acquisition is the largest acquisition in the company’s history. Additionally, Hormel expects that the acquisition will increase their presence in the convenience store channel. Hormel continues to say that the Planters brand is expected to amplify growth in the snacking and entertaining sector, which they believe will be a key driver for company growth.

ESG|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Hormel Foods Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Hormel Foods Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Meat, Beef & Poultry Processing in the US, Beef & Pork Wholesaling in the US, and Peanut Butter Production industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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