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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.
Hormel Plant, Austin, MN in 2023. 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]
It is now a subsidiary of the Hormel Foods Corporation in Willmar, Minnesota. [20] The company was founded by Earl B. Olson in 1940, when he began raising turkeys. In 1949, he bought the former Farmers Produce Company of Willmar and its turkey-processing plant. [21] In 1953, it was renamed to Jennie-O after his daughter, Jennifer Olson.
Chi-Chi's restaurant announced an agreement on Tuesday with Hormel Foods, an Austin, Minnesota-based global food company that owns Chi-Chi's trademarks, the release said.
In August 2007, Hormel Foods, based in Austin, Minnesota, purchased Burke Corporation. In 2011, the Ames facility closed, moving its assets and production to the Nevada plant. Bill Burke, Jr continued to run the company until he retired in 2012. Chad Randick currently serves as president, leading the Burke team since 2015. [4] [5]
Oct. 8—Company provided monetary and product donations totaling more than $450,000 to nonprofit partners in September In recognition of Hunger Action Month, Hormel Foods Corporation partnered ...
Hormel Food Sales, a unit of Hormel Foods Corporation (NYSE:HRL), voluntarily recalled two varieties of Planters products produced at one of its facilities in April. According to a news release ...
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