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Sharing Success: Hormel Foods Distributes Annual Profit Sharing

2014 Profit Sharing
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November 26, 2014

Austin, Minn.

A record amount of nearly $17.4 million distributed in the 76th consecutive year of the program

Hormel Foods Corporation (NYSE:HRL) today distributed its annual profit sharing of nearly $17.4 million to eligible hourly and salaried employees during this 76th annual Thanksgiving Eve Day tradition.

“Six consecutive years of attaining record earnings is due to our hard-working employees and their commitment to delivering trusted, high-quality products to our consumers,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods. “We are proud to share the success of our company with our team.”

Hormel Foods, a multinational marketer of consumer-branded food and meat products, continues to be among an elite group in the industry for retaining its profit sharing plan. The program was started by Jay C. Hormel in 1938 and is voluntarily paid at the discretion of the company’s Board of Directors.

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor’s (S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the 2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods magazine, and was again named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the sixth year in a row. Hormel Foods was also recognized as a 2015 Military Friendly Employer by G.I. Jobs magazine, and named one of the 2014 40 Best Companies for Leaders by Chief Executive magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit https://www.hormelfoods.com.