Hormel Foods Corp., based in Austin, Minnesota, produces and markets meat and food products to retail, foodservice, deli, and commercial customers in the U.S. and internationally. The company is 48%-owned by the Hormel Foundation. The Foundation's priorities are to preserve the independence of the company; support the Austin, Minnesota, community; and provide for the financial welfare of the family's heirs. The company has approximately 20,000 employees. The shares are a component of the S&P 500.

Stocks are headed south at midday, this after inflation data came in hotter than expected, reflecting wholesale prices via the Producer Price Index. It's also a Fed Day. While no rate move is expected, Wall Street will be paying attention to comments from Chairman Powell's 'presser' at 2:30 ET. The yield on the 10-year note is at 4.23%. Crude oil is moving higher and is at $99 per barrel. The volatility index, the VIX, is at 23.

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.