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  • Hormel Foods employees receive profit-share checks

    Post Bulletin | November 25, 2015
    The holidays came early for Hormel Foods employees Wednesday morning. Many of Hormel Foods employees received a profit-share check from the company, which equals around a base of 2-1/2 weekly checks.
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    Topics: Company, Financial
  • Following strong earnings, Hormel announces 2-for-1 stock split

    Pioneer Press | November 25, 2015
    Hormel announced a two-for-one split Wednesday, a day after the company reported a strong fourth quarter and outlook. The Austin, Minn.-based company is projecting higher sales from organic meats producer Applegate, which it bought earlier this year.
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    Topics: Company, Financial
  • Hormel offers bigger-than-ever holiday bonus; announces stock split

    Minneapolis/St. Paul Business Journal | November 25, 2015
    Hormel Foods Corp., coming off another strong year for earnings, will hand out $17.8 million in annual profit-sharing payments to hourly and salaried employees, its largest total bonus ever.
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    Topics: Company, Financial
  • Hormel Team Moves "Incentive" Boulder

    KAAL | November 24, 2015
    For two years, it has sat as 6,000 lbs. of "incentive," and a reminder of the importance of "teamwork." On Tuesday, it moved 20 feet, and that was the goal all along. "This is a three ton boulder," said Tom Day, Group Vice President of Refrigerated Foods for Hormel Foods. But don't think of it as a rock, think of it as a goal.
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    Topics: Company, Financial
  • A boulder is the talk of the town for one community today

    KIMT | November 24, 2015
    At Hormel, something as simple as a very large rock can represent something more complex. In this case, the three-ton boulder represents a challenge. Two years ago, the company set out to reach a significant milestone in their business: an 8% return on sales of refrigerated foods.
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    Topics: Company, Financial
  • Hormel's profit growth exceeds expectations, optimistic targets set for 2016

    Star Tribune | November 24, 2015
    The packaged food industry is in the doldrums, but Hormel Foods still served investors an appetizing outlook Tuesday. The Austin-based company, maker of everything from canned chili to organic meats, topped Wall Street’s fourth-quarter profit expectations. And Hormel raised the bar for its new fiscal year, forecasting profits comfortably above what stock analysts had anticipated.
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    Topics: Company, Financial
  • Hormel gives strong outlook as earnings beat estimates

    Pioneer Press | November 24, 2015
    Shares of Hormel Foods jumped to an all-time high Tuesday after the maker of Spam canned ham and other foods surprised Wall Street with strong results for the fourth quarter and offered a better-than-expected earnings outlook for the year.
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    Topics: Company, Financial
  • Hormel announces promotion

    Meat & Poultry | November 23, 2015
    Hormel Foods Corp. announced Chad A. Randick is the new president of Burke Marketing Corp., Nevada, Iowa. The company produces and supplies pre-cooked meats for the foodservice and prepared foods industries. Randick succeeds David F. Weber who was recently named vice president of marketing, foodservice, Hormel Foods.
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    Topics: Company
  • Report: 15 Minnesota Companies Get Top Marks For LGBT Equality

    Twin Cities Business | November 16, 2015
    Fifteen of Minnesota’s largest businesses got top marks for being LGBT-friendly, according to a new report by the Human Rights Campaign.  HRC’s “Corporate Equality Index” rates companies on the presence of non-discrimination policies, employment benefits, demonstrated competency and accountability around LGBT diversity and inclusion, public commitments to LGBT equality and “responsible citizenship.”
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    Topics: Company, Awards & Recognition
  • Major urban centres lead China's growing appetite for meat

    Global Meat News | November 06, 2015
    The country’s Ministry of Agriculture predicts Chinese are likely to consume 100 million tonnes (mt) of meat in 2020, while the domestic meat production capacity would be only about 90mt . Such a shortage is encouraging meat companies to invest heavily in the country. US meat producer Hormel Foods, for example, recently started building a new production plant in Jiaxing, Zhejiang province, on the east coast, despite China’s slowing economy. The US$350 million plant, which is expected to start operation by the end of 2016, will be the first Chinese plant to produce Hormel’s processed meat Spam, supplying retailers and foodservice outlets across China.
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    Topics: Company
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