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He became Hormel's president, CEO, and chairman of the board in 2005 and retired as CEO on October 30, 2016. [5] He continued to serve as chairman of the board until retiring on November 20, 2017. [6] [7] Ettinger was the Democratic nominee for the 2022 Minnesota's 1st congressional district special election and for the regular election in ...
In 2011, Hormel Foods announced a two-for-one stock split. [39] In 2013, Hormel Foods purchased Skippy—the best-selling brand of peanut butter in China and the second-best-selling brand in the world—from Unilever for $700 million; the sale included Skippy's American and Chinese factories. [40]
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Hormel Foods' (HRL) fourth-quarter earnings remain in line with the year-ago period. Management expects earnings and sales growth in fiscal 2023 while operating in a volatile environment.
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Mairs and Power recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Mairs and Power Growth Fund posted a return of -18.84% for the quarter, outperforming its ...
1936 can of Hormel "Spiced Ham" at the Spam Museum. It was a precursor to Spam released a year later. Hormel introduced Spam on July 5, 1937. [9] [10] The Oxford Encyclopedia of Food and Drink in America states that the product was intended to increase the sale of pork shoulder, a cut which did not sell well.
Hormel Lowers Outlook for Fiscal 2013 AUSTIN, Minn.--(BUSINESS WIRE)-- Hormel Foods Corporation (NYS: HRL) , a multinational marketer of consumer-branded meat and food products, today lowered its ...