HORMEL FOODS CORP /DE/

Hormel Foods Corporation develops, processes, and distributes meat, nuts, and diverse branded food items. Its operations comprise three reportable segments: Retail, Foodservice, and International. The Retail segment sells branded foods through grocery stores, mass merchandisers, club stores, convenience formats, and e-commerce platforms. The Foodservice segment supplies distributors and dining providers, such as restaurants, hotels, healthcare institutions, and educational facilities. The International segment handles retail and foodservice distribution abroad while managing international ventures. Major customers include distributors, operators, retailers, and Walmart, which represents the company's largest customer.

The company markets products across all fifty U.S. states and maintains a global presence in several countries, including Australia, Brazil, Canada, China, England, Indonesia, Japan, Mexico, the Philippines, Singapore, and South Korea. Hormel Foods operates processing facilities, turkey farms, and regional sales offices, while also maintaining delivery networks in China and Brazil. As of October 2025, the enterprise employed approximately 20,000 workers worldwide, with over 90 percent based in the United States. Hormel Foods Corporation is headquartered in Austin, Minnesota.

Summary of the business section of Hormel Foods's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of October 26, 2025, the Company had approximately 20,000 active employees, with over 90 percent located within the U.S.”