Hormel Foods Annual Tradition of Sharing Profits With Its Team Members Continues
Hormel Foods Corporation (NYSE: HRL), a global branded food company, today distributed its annual profit sharing to eligible hourly and salaried team members during this 82nd consecutive grant.
“We have been able to share our profits with our inspired people for more than 80 years, and this year, more than ever, we are honored to be able to share our continued success with our uncommon and unmatched team,” said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. “This has been an unprecedented year and I’m incredibly proud of how our team continues to focus on Safety First while working to ensure food is readily available during this pandemic.”
The profit sharing program was started by Jay C. Hormel in 1938 and is voluntarily paid at the discretion of the company’s Board of Directors and has become an annual Thanksgiving Eve tradition.