About This Report

About Hormel Foods

About Hormel Foods

Based in Austin, MN, Hormel Foods is a multinational manufacturer and marketer of high-quality, brand-name food and meat products for consumers throughout the world.

A Balanced Business Model: Our Products

The balanced business model at Hormel Foods is a key driver for our annual growth. Through five segments – Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods and All Other – we insulate ourselves from ever-changing market forces. The diversity of these different businesses allow us to be successful in a variety of economic conditions.

With our products, Hormel Foods has more than 34 brands in the No. 1 or No. 2 market-share position.

  • Image of Hormel grocery products Grocery Products The Grocery Products segment at Hormel Foods provides flavorful toppers, bold ingredients, or a complete portion-controlled meal. These products include Hormel® chili, the SPAM® family of products, CHI-CHI’S® products, Dinty Moore® stews, Herdez® authentic Mexican products and Hormel® Compleats® microwave meals.
  • Image of Hormel refrigerated foods Refrigerated Foods Hormel Foods offers a range of raw, marinated and precooked quality protein options to fill any consumer or foodservice operator’s needs through its Refrigerated Foods segment. Examples include Hormel® pepperoni minis and stix and Hormel® Always Tender® products. This division also includes our all-natural Hormel® Natural Choice® product line and Hormel® refrigerated entrees.
  • Image of Hormel Jennie-O Turkey Store products Jennie-O Turkey Store Jennie-O Turkey Store continues to focus on growing sales of value added turkey products. Our portfolio includes convenient options for every meal occasion – including turkey burgers, fresh ground turkey and our no mess, no fuss Jennie-O Turkey Store® rotisserie deli turkey products.
  • Image of Hormel Specialty Food products Specialty Foods Specialty Foods includes Diamond Crystal Brands, Century Foods International and Hormel Specialty Products and offers high-quality products for restaurants, health care facilities and retail customers. We offer individual restaurant packets, nutritional food products, supplements and contract manufacturing.
  • Image of Hormel products All Other Through partnerships around the world, we continue to introduce and grow preference for the SPAM® family of products, Stagg® chili, our microwave meal franchise and a variety of foodservice products.

Many of our products have become among the best-known and trusted in the food industry, and the favorites of families everywhere. These products are sold to retail, foodservice and wholesale operations in all 50 states through a direct sales force and brokers. A list of our products can be found in our Products section. With more than 19,500 employees, Hormel Foods is owned by approximately 11,600 shareholders of record. Hormel Foods common stock is listed on the New York Stock Exchange under the ticker symbol HRL.


International Operations

Hormel Foods International Corporation (HFIC), a wholly owned subsidiary in Austin, MN, has established joint venture and license agreements internationally, which include Australia, China, Denmark, England, Japan, Korea, Mexico, Panama, the Philippines and other nations. HFIC exports products to more than 40 countries. We follow international laws and local laws for all operations. When we enter markets outside of the United States, it is our policy to manage the operation with the same rules and procedures that we commit to in the United States, adapting to local laws as well.

In 2010, revenue for HFIC and international joint ventures accounted for approximately 3.7 percent of total company revenue. In addition to the export of the company’s signature products, HFIC manufactures a variety of product lines that meet the special needs of each local country.

Awards and Affiliations

Hormel Foods endorses and requires hog producers and employees of these producers who handle hogs to be trained and certified by the National Pork Board’s Pork Quality Assurance Plus and Transport Quality Assurance programs.

The company was recognized with more than 45 awards and rankings during this reporting period. These include:

  • America’s Most Trustworthy Companies, published at Forbes.com
    • Included in the Large-Cap Companies with an AGR score of 75
  • Barron’s 500
    • Hormel Foods ranked #141, up from #258 in 2009
  • CR Magazine’s 100 Best Corporate Citizens
    • Hormel Foods ranked #40
  • Dow Jones Sustainability Index
    • Component of World Index
  • Experience, Inc. Best Places to Work for Recent Grads
    • Hormel Foods one of 20 companies named “Best Places to Work for Recent Grads”
  • Financial Times Global 500
    • Hormel Foods ranked #421 on the U.S. list
  • Food Processing R&D Team of the Year
    • Named “R&D Team of the Year” by Food Processing magazine in the large company category (annual sales of $750 million or more)
  • Forbes Global 2000
    • Hormel Foods ranked #1161
  • Fortune 500
    • Hormel Foods ranked #340
  • 2009 iNova Awards
    • iNova Grand Award for the Hormel.com Website & Interactive Kitchen
  • IPRA Golden World Awards
    • Finalist for Novel H1N1 Influenza Pandemic Preparedness
  • Justmeans Global 1000 Sustainable Performance Leaders
    • Hormel ranked #339 and listed in Consumer Staples sector within the Food Products industry
  • LACP Magellan Awards
    • Platinum for the Hormel Foods Corporate Reputation Program
    • Winner of Organizational Communication Campaign Category
    • Best Agency Campaign
  • LACP Spotlight Awards
    • Platinum Winner: m.Hormel.com in the Online: Resource-Oriented Website category
    • Gold Winner: Hormel Foods Responsibility Post in the Online: Newsletter/Magazine/E-mail-Based Feature for companies with more than $1 billion in revenue
  • LACP Vision Awards
    • Platinum Winner for 2009 Hormel Foods Corporate Responsibility Report
  • Maplecroft CII Benchmark Index
    • Hormel Foods ranked #126
  • MarCom Awards
    • Platinum Award: Hormel Interactive Kitchen, Web Interactive Capabilities category
    • Platinum Award: SPAM.com, Design/Website category
    • Gold Award: 2009 Hormel Foods Corporate Responsibility Report, Annual Report/Other category
    • Gold Award: SPAM.com Home Page, Design/Website Home Page category
    • Gold Award: SPAM.com Website Home Page; Website Home Page category
    • Gold Award: SPAM.com Interior Design, Design/Website Interior category
    • Gold Award: SPAM.com Website Overall, Website Overall category
    • Honorable Mention: Hormel Foods Responsibility Post, External Newsletter/Corporate category
  • Men’s Health’s 125 Best Grocery Foods
    • Winner in the Pepperoni Category for Hormel® turkey pepperoni
  • MerComm Arc Awards
    • Bronze Winner for the 2009 Hormel Foods Corporate Responsibility Report in three categories: Interior Design, Green/Environmentally Sound and Interactive Annual Report
  • The National Center for Food Safety and Technology (NCFST) Award
    • Daniel G. Brown, a 37-year veteran won the award
  • Platinum PR Awards
    • Winner in Branding category for Hormel Foods Corporate Reputation Program
    • Finalist in Speech category for “Driving Innovation that Delivers Today…and Tomorrow”
  • PMT Magazine Packaging Line of the Year
    • Progressive Processing LLC chosen as Packaging Machinery Technology magazine’s “Packaging Line of the Year” for 2010
  • Prevention Magazine Food Awards
    • Hormel® Natural Choice® Mesquite Deli Turkey included on “49 Best Ready-to-Eat Foods” list
  • Progressive Grocer’s Category Captains
    • Category Advisor Award in the Fixed/Variable Weight Meat category
  • Progressive Grocer’s Editor’s Pick
    • Hormel Foods a winner for Dinty Moore Hearty Meals®
  • Progressive Grocer Top Women in Grocery
    • Julie Henderson Craven
  • PRSA Silver Anvils
    • Award of Excellence in Reputation/Brand Management
  • Publicity Club of Chicago Golden/Silver Trumpet
    • Golden Trumpet for the 2008 Hormel Foods Corporate Responsibility Report
    • Silver Trumpet for the Novel H1N1 Influenza Communications Plan
  • SABRE Awards
    • Bronze SABRE Winner for “Driving Innovation that Delivers Today….and Tomorrow”
    • Certificate of Excellence for the 2008 Hormel Foods Corporate Responsibility Report
    • Gold SABRE Finalist in the Corporate Image category for The 2009 Hormel Foods Corporate Reputation Program
    • Gold SABRE Finalist in the Issues Management Category for Novel H1N1 Preparedness for Hormel Foods
  • Shopper Marketing “2010 People to Watch”
    • Bob Pepper honored
  • Shopper Marketing Who’s Who in Retail Execution
    • Brian Molhusen, director of retail operations and training for Hormel Foods, listed
  • Shopper Marketing Who’s Who in Shopper Marketing
    • Bob Samples honored
  • Stevie American Business Awards
    • Finalist – Most Innovative Company
    • Winner – Executive of the Year
  • Women’s Health’s 125 Best Packaged Foods
    • Winner in the Meats and Seafood category for Jennie-O Turkey Store® Savory Seasoned Lean Turkey Burgers

  • Making Progress Toward Our Goals

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    Read about the progress we have made toward our goals.