AUSTIN, Minn., Nov. 22, 2017 /PRNewswire/ -- Hormel Foods
Corporation (NYSE: HRL) today distributed its annual profit sharing
of $17.5 million to eligible hourly
and salaried employees during this 79th annual
Thanksgiving Eve Day tradition.
"We continue to grow our brands and reach consumers in more ways
than ever before," said Jim Snee,
chairman of the board, president and chief executive officer at
Hormel Foods. "The dedicated and inspired people of Hormel Foods
are the greatest resource we have and the key reason Hormel Foods
is able to maintain and expand its success. We are proud to once
again celebrate our achievements through this year's profit sharing
contribution, a program that is unique in our industry."
The profit sharing program was started by Jay C. Hormel in 1938 and is voluntarily paid at
the discretion of the company's Board of Directors.
About Hormel Foods – Inspired People. Inspired
Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food
company with over $9 billion in
annual revenue across 75 countries worldwide. Its brands include
SKIPPY®, SPAM®,
Hormel® Natural Choice®,
Applegate®, Justin's®,
Wholly Guacamole®, Hormel® Black
Label® and more than 30 other beloved brands. The
company is a member of the S&P 500 Index and the S&P 500
Dividend Aristocrats, was named one of "The 100 Best Corporate
Citizens" by Corporate Responsibility Magazine for the ninth year
in a row, and has received numerous other awards and accolades for
its corporate responsibility and community service efforts. In
2016, the company celebrated its 125th anniversary and
announced its new vision for the future - Inspired People.
Inspired Food.™ - focusing on its legacy of innovation. For
more information, visit www.hormelfoods.com and
https://csr.hormelfoods.com/.
Contact:
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Richard M.
Williamson
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Hormel
Foods
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media@hormel.com
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SOURCE Hormel Foods Corporation