Hormel Foods is a protein-focused branded food company. Its brands include its namesake Hormel, Spam, Jennie-O, Dinty Moore, Applegate, Wholly Guacamole, and Skippy. The vast majority of the company’s revenue is U.S.-based: 62% U.S. retail, 31% U.S. food service, and 7% international. By product type, 19% of revenue is shelf-stable foods, 19% is poultry (branded and commodity), 57% is other perishable food, and 5% is other, primarily nutritional products. The company holds the number-one market position in turkey, shelf-stable meat, pepperoni, natural/organic deli meat, guacamole, and canned stew and the number-two position in bacon and peanut butter.
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VIAV, NFG, RJF, CIEN, JBL, HWM, AEE, CTLT, CAKE, CMS, VSH, PKG, TOL, TECH, FSLR, KMX, LYFT, CRL, HUBS, IEX, KEY, MAS, NLOK, WEN, CFG, J, K, WRK, BYND, OC, EBS, NLY, BMI, ULTA, JBHT, HIG, LEA, CBOE, ACM, WSM, HOLX, REG, IGT, ALB, IART, GNRC, INCY, DRI, WTRG, GPC
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Rebecca Scheuneman
Equity Analyst