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4-Traders Homepage  >  Equities  >  Nyse  >  Hormel Foods Corp    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 CET

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
media@hormel.com


© Business Wire 2011
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Financials ($)
Sales 2017 9 225 M
EBIT 2017 1 383 M
Net income 2017 910 M
Finance 2017 688 M
Yield 2017 1,92%
P/E ratio 2017 20,35
P/E ratio 2018 19,48
EV / Sales 2017 1,90x
EV / Sales 2018 1,80x
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Average target price 39,4 $
Spread / Average Target 15%
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NameTitle
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