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.
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
Rebecca ScheunemanEquity Analyst