AUSTIN, Minn., Nov. 25, 2020 /PRNewswire/ -- Hormel Foods
Corporation (NYSE: HRL), a global branded food company, today
distributed its annual profit sharing to eligible hourly and
salaried team members during this 82nd consecutive
grant.
"We have been able to share our profits with our inspired people
for more than 80 years, and this year, more than ever, we are
honored to be able to share our continued success with our uncommon
and unmatched team," said Jim Snee,
chairman of the board, president and chief executive officer at
Hormel Foods. "This has been an unprecedented year and I'm
incredibly proud of how our team continues to focus on Safety First
while working to ensure food is readily available during this
pandemic."
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 and has become
an annual Thanksgiving Eve tradition.
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 more than 80 countries worldwide. Its brands
include SKIPPY®, SPAM®,
Hormel® Natural Choice®,
Applegate®, Justin's®, Wholly®,
Hormel® Black Label®,
Columbus® 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 on the "Global 2000 World's Best
Employers" list by Forbes magazine
for three straight years, is one of Fortune magazine's most admired
companies, has appeared on Corporate Responsibility Magazine's "The
100 Best Corporate Citizens" list for the 12th year in a row, and
has received numerous other awards and accolades for its corporate
responsibility and community service efforts. The company lives by
its purpose statement — Inspired People. Inspired Food.™ — to bring
some of the world's most trusted and iconic brands to tables across
the globe. For more information, visit
www.hormelfoods.com.
Contact: Media Relations
507-434-6352
media@hormel.com
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SOURCE Hormel Foods Corporation