Trending Fall Flavors Beyond Pumpkin Spice
As the days get shorter and the sound of each crisp breeze rustling through the trees seems to whisper, “pumpkin spice,” it’s time to shine a light on the other fall flavors that consumers crave. …
Tag: Hormel
What’s Behind Hormel’s Success?
Hormel Foods International President Swen Neufeldt recently joined The Food Institute Podcast to discuss the company’s strong performance over the past several quarters, the resilience of its legacy brands, and the prospects for emerging plant-based lines. Below are highlights from …
Mapping the Success of Hormel: A Global, Branded CPG Company
Hormel Foods International President Swen Neufeldt joins The Food Institute Podcast to discuss company performance, the resilience of legacy brands, and the prospects for plant-based lines.
CPG Companies Eye Plant-Based Market with Different Goals
More major CPG companies are playing in plant-based, flagging the alt-protein category as a potential catalyst for growth. But industrywide, the depth of that value is not easily measured in broad strokes. “When you factor …
Report: Hormel in Talks to Buy Planters, Continuing Greater Snack Acquisition Trend
Hormel is reportedly in talks to buy Planters from Kraft Heinz for approximately $3 billion. Citing people familiar with the matter, The Wall Street Journal said the deal could be announced as early as next …
Retailers Prepare for Possible Second Wave
Grocers are stocking up to prepare for a possible surge in sales amid a second wave of the COVID-19 pandemic, as well as the holiday rush, reported The Wall Street Journal (Sept. 27). Food companies …
Meat Prices Drop Following Spring Shortages
Despite shortages this spring, supermarkets are now selling meat for lower prices as supplies are rebounding and exports are declining, reported The Wall Street Journal (Sept. 20). Prices for ground beef and pork loins returned …
Plant-Based Continues to Resonate with Consumers
Shoppers are increasingly turning to plant-based products. The specialty plant-based segment has grown more than 27% since 2017, reaching nearly $5 billion in total brick-and-mortar sales in 2019, according to the recent State of the Specialty …
Corporate Borrowing Increases Along with Manufacturing Sales
Manufacturing companies are seeing increased sales during the pandemic, but some are issuing record levels of debt. Strength in the retail and deli businesses helped push sales up at Hormel Foods Corp. in its third …