Hormel Foods Corporation (NYSE:HRL) today distributed its annual profit
sharing of nearly $17.4 million to eligible hourly and salaried
employees during this 76th annual Thanksgiving Eve Day
tradition.
“Six consecutive years of attaining record earnings is due to our
hard-working employees and their commitment to delivering trusted,
high-quality products to our consumers,” said Jeffrey M. Ettinger,
chairman of the board, president and chief executive officer at Hormel
Foods. “We are proud to share the success of our company with our team.”
Hormel Foods, a multinational marketer of consumer-branded food and meat
products, continues to be among an elite group in the industry for
retaining its profit sharing plan. The 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
Hormel Foods Corporation, based in
Austin, Minn., is a multinational manufacturer and marketer of
consumer-branded food and meat products, many of which are among the
best known and trusted in the food industry. The company leverages its
extensive expertise, innovation and high competencies in pork and turkey
processing and marketing to bring branded, value-added products to the
global marketplace. The company is a member of the Standard & Poor's
(S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the
2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods
magazine, and was again named one of “The 100 Best Corporate Citizens”
by Corporate Responsibility Magazine for the sixth year in a row. Hormel
Foods was also recognized as a 2015 Military Friendly Employer by G.I.
Jobs magazine, and named one of the 2014 40 Best Companies for Leaders
by Chief Executive magazine. The company enjoys a strong reputation
among consumers, retail grocers, foodservice and industrial customers
for products highly regarded for quality, taste, nutrition, convenience
and value. For more information, visit http://www.hormelfoods.com.
Copyright Business Wire 2014