HORMEL FOODS CORP /DE/

Hormel Foods Corporation is a Delaware corporation founded in 1891 by George A. Hormel in Austin, Minnesota. The company started as a processor of meat and food products and has since expanded its product portfolio through organic growth and acquisitions. Hormel Foods is a global branded food company with over $12 billion in annual revenue and operations in over 80 countries. The company's strategic operating model aligns its businesses to be more agile, consumer and customer focused, and market driven. The company operates through three reportable segments: Retail, Foodservice, and International. The Retail segment consists primarily of the processing, marketing, and sale of food products in the retail market. The Foodservice segment focuses on the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment processes, markets, and sells Company products internationally and includes the results from the Company’s international joint ventures, equity method investments, and royalty arrangements. Hormel Foods develops, processes, and distributes a wide array of food products, including meat, nuts, and other food products, through various processing facilities and trusted co-manufacturers. The company sells its products domestically and internationally, with a global presence in several major international markets. The Company's principal raw materials include pork, turkey, beef, chicken, and nuts. The company's website is www.hormelfoods.com, and its stock is traded on the NASDAQ under the ticker symbol HRL.