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HORMEL FOODS (HRL)
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HORMEL FOODS : Donates Four Semi-trailer Loads of Product to Feeding America for Tropical Storm Irene Relief Efforts

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08/29/2011 | 03:35pm CEST

Hormel Foods Corporation (NYSE: HRL) today announced a donation of about 220,000 Hormel®Compleats® microwave meals to Feeding America to aid in relief efforts following Tropical Storm Irene.

"Our thoughts are with everyone affected by Tropical Storm Irene," said Julie H. Craven, vice president of corporate communications at Hormel Foods. "With the clean-up phase underway, we hope these meals are a convenient way to feed those in need."

Hormel®Compleats® microwave meals are 10-ounce satisfying meals that feature quality chicken, beef or turkey as well as flavorful vegetables and pasta, potatoes or rice. They are ideal for use in a disaster kit because they do not need to be frozen or refrigerated.

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 500 Index, Dow Jones Sustainability Indexes, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was named one of "The 100 Most Trustworthy Companies" by Forbes in 2010. 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 http://www.hormelfoods.com.

Hormel Foods
Julie H. Craven, 507-437-5345
[email protected]


© Business Wire 2011
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Financials ($)
Sales 2018 9 711 M
EBIT 2018 1 265 M
Net income 2018 1 012 M
Debt 2018 376 M
Yield 2018 2,10%
P/E ratio 2018 19,21
P/E ratio 2019 18,52
EV / Sales 2018 1,98x
EV / Sales 2019 1,88x
Capitalization 18 881 M
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Hormel Foods Technical Analysis Chart | HRL | US4404521001 | 4-Traders
Technical analysis trends HORMEL FOODS
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 36,1 $
Spread / Average Target 1,2%
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Managers
NameTitle
James P. Snee Chairman, President & Chief Executive Officer
James N. Sheehan CFO, Chief Accounting Officer & Senior VP
Kevin L. Myers Senior Vice President-Research & Development
Mark D. Vaupel Vice President-Information Technology Services
John Lewis Morrison Lead Independent Director
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