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In 2011, Hormel Foods announced a two-for-one stock split. [39] 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. [40]
Hormel Foods Corporation (NYSE:HRL) shares are trading lower on Wednesday. The company reported that fourth-quarter adjusted earnings per share were 42 cents, which is in line with the street view.
Food is getting more expensive month-to-month, and is expected to tick higher. The CPI for all food items increased 0.6% from December 2023 to January 2024 and was 1.2% higher than January last ...
The Spam Museum originated in January 1991 as the Hormel Foods First Century Museum, when Hormel opened a small storefront company museum in celebration of the company's 100 year anniversary. Originally located in Austin's Oak Park Mall, Hormel later re-branded it as the Spam Museum. [1] A much-larger Spam-focused museum opened in September ...
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In Hormel Foods, it'd be worth just $8,800. Dividends accounted for a lot of those gains. Compounded since 1987, dividends have made up about 40% of Hormel Foods' total returns.