In this file:

 

·         Media Release: Hormel Foods Reports on Its COVID-19 Actions and Community Support; Company Pledges $1 Million to Hunger-Relief Causes

·         Hormel announces efforts to prevent coronavirus spread

 

 

Hormel Foods Reports on Its COVID-19 Actions and Community Support; Company Pledges $1 Million to Hunger-Relief Causes

 

Source: Hormel Foods Corporation

via PRNewswire - Mar 17, 2020 

 

AUSTIN, Minn., March 17, 2020 /PRNewswire/ -- Hormel Foods, a global branded food company (NYSE: HRL), has taken prudent action to protect its global workforce of 20,000 team members and stakeholders during the COVID-19 outbreak. In addition, the company announced its pledge of $1 million in cash and product donations for hunger relief and food insecurity as a result of this crisis.

 

Since COVID-19 was first identified in China, the company has been following all current CDC and WHO guidance and taking appropriate steps in business planning and continuity. We continue to ensure the highest sanitation and food safety standards are maintained in all production facilities. In addition, Hormel Foods has enhanced its operating protocols at all of its office locations. These enhancements include education for team members on the COVID-19 virus, increased sanitization frequency, updated policies for visitors, business travel restrictions and remote work options for team members. 

 

Comment from Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods:

 

"First and foremost, I want to recognize our incredible team of production professionals who have risen to the challenge. With a sense of responsibility and pride, they continue to produce food for millions of people who are in the midst of this crisis.

 

We understand the critical role we play in providing safe and high-quality food to people around the world. We have a responsibility to ensure our products are available when needed, and we are working closely with our retail and foodservice customers to provide a steady supply of all our products, just as we have done over the last 129 years.

 

We have seen strong demand for our branded products across all retail categories; notably, our SPAM® family of products, SKIPPY® peanut butter products, Hormel® chili, Hormel® Compleats® microwave meals, Jennie-O® turkey products, Hormel® pepperoni, Hormel® Black Label® bacon, Hormel® Gatherings® party trays, Hormel® Natural Choice® lunchmeats, Dinty Moore® beef stew and Applegate® products.

 

We know the foodservice industry is facing tremendous challenges, and we are positioned to help distributors and operators through this difficult time. Our dedicated salesforce is working to deliver innovative products and solutions to meet the changing dynamics in this industry.

 

Our manufacturing facilities continue to operate normally. I am particularly proud of the dedicated professionals across our entire supply chain who are working tirelessly to meet the needs of our customers, consumers and operators.

 

We are a great neighbor in the communities where we live and work and can be counted on to do even more during a time like this. That is why we are so proud to make this $1 million pledge to help those who are food insecure during this difficult time.

 

Hormel Foods has a strong balance sheet and stable cash flows that position us to manage through this unprecedented situation. Our long-term perspective, balanced business model and financial discipline allow us to make the best strategic decisions for our business, team members and customers.

 

On behalf of our team members, I would like to thank the healthcare professionals, first responders, local, state and federal government agencies, and everyone working to keep us safe during this unprecedented crisis."

 

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®, Happy Little Plants® 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 11th 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 and http://csr.hormelfoods.com/.

 

FORWARD-LOOKING STATEMENT

 

This release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Please refer to the cautionary statements regarding "Risk Factors" and "Forward-Looking Statements" that appear on pages 30-35 in the company's Form 10-Q for the fiscal quarter ended Jan. 26, 2020, which can be accessed at hormelfoods.com in the "Investors" section.

 

Contact:

           

Rick Williamson

507-434-6352

media@hormel.com

 

SOURCE Hormel Foods Corporation

 

Related Links

http://www.hormel.com

 

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https://www.prnewswire.com/news-releases/hormel-foods-reports-on-its-covid-19-actions-and-community-support-301025858.html

 

 

Hormel announces efforts to prevent coronavirus spread

 

By Joel Crews, Supermarket Perimeter

03.18.2020

 

AUSTIN, MINN. – Like many food manufacturing companies, leaders of Hormel Foods Corp. announced the company’s efforts to prevent the spread of the coronavirus and updated the status of its processing facilities and offices.

 

Enhanced protocols at its offices include implementing business travel restrictions and exercising working-from-home options for employees as well as limiting visitors and face-to-face meetings. Education about the virus and more robust sanitation practices are also commitments the company has made to minimize the risk to employees.

 

Jim Snee, chairman, president and chief executive officer, said the company’s processing plants are continuing to run on normal operating schedules. Snee said the company is aware that many restaurants and bars across the country have been forced to close to limit the spread of the virus, which is causing food-processing companies like Hormel to adjust to shifting demand in its business segments.

 

“We know the foodservice industry is facing tremendous challenges, and we are positioned to help distributors and operators through this difficult time,” Snee said. “Our dedicated salesforce is working to deliver innovative products and solutions to meet the changing dynamics in this industry.

 

“We understand the critical role we play in providing safe and high-quality food to people around the world. We have a responsibility to ensure our products are available when needed, and we are working closely with our retail and foodservice customers to provide a steady supply of all our products, just as we have done over the last 129 years.”

 

Snee praised his company’s production employees...

 

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https://www.supermarketperimeter.com/articles/4864-hormel-lauds-employees-supports-communities-during-challenging-times