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Hormel Foods Corporation Business Reports

Hormel Foods Corporation Overview

Address

1 Hormel Place Austin, 
MN 55912 United States
Phone: 507-437-5611
Fax:507-437-5129

Hormel Foods Corporation Rankings

#325 in FORTUNE 500 (May 2011) 
#S&P 500 
#325 in FORTUNE 1000 (May 2011)

Company Description

The maker of such thrifty pantry staples as Spam (spiced pork and ham) lunch meat and Dinty Moore stew has turned sophisticated. In addition to canned meats, Hormel Foods produces a slew of refrigerated processed meats and deli items, ethnic entrees, and frozen foods, sold under the Hormel brand, as well as Don Miguel and MegaMex Mexican, Country Crock (side dishes), and Lloyd's barbeque. Foodservice offerings include Hormel Natural Choice meats, Café H ethnic, Austin Blues barbeque, and Bread Ready pre-sliced meats. Hormel is also a major US turkey and pork processor, churning out Jennie-O turkey, Cure 81 hams, and Always Tender pork. Thirty-four Hormel brands are ranked #1 or #2 in their respective markets.

Hormel Foods Corporation Company Profile Report

Purchase Report
 
$69

Hoover's industry experts provide proprietary editorial analysis supplemented with content from multiple data sources to bring you the Company Profile Report. The depth of each report varies, so be sure to view the sample and review the report contents listed next.

 

Sections Included in Report

  • Company Overview
  • Company Description
  • Company History
  • People
  • Biographies
  • Historical Events
  • Industry Information
  • Financial Summary
  • Annual Income Statement
  • Quarterly Cash Flow
  • Annual Balance Sheet
  • Quarterly Balance Sheet
  • Annual Cash Flow
  • Quarterly Income Statement
  • Earning Estimates
  • Financial Market Data
  • Historical Financials
  • Competitors List
  • Competitive Landscape

Company Profile Report Highlights

  • Company Description

    Quickly grasp how a company operates and understand its current business environment.

  • Industry Information

    Identify the often times disparate industries a company does business in, and find the corresponding SIC and NAICS codes.

  • Biographies

    Learn the background and technology interests of the company's executives, to better understand possible growth directions.

  • Company History

    When you want to know where a company is going, you'll be helped by first knowing where it's been. Use this to get up to speed on a company's history.

  • Key People

    Uncover the roles and responsibilities of the management team and identify the correct decision maker, so you are sure to talk to the right contact.

  • Company Financials

    Review key financial information to gauge health and growth potential.

Company Profile Report

Purchase Report
 
$69

    Choose below from the available Industry Reports related to 

  • Bakery Product Manufacturing Industry Report
  • Fruit & Vegetable Processing Industry Report
  • Poultry Product Manufacturing Industry Report
  • Sugar Manufacturing Industry Report
  • Meat Product Manufacturing Industry Report
  • Snack Foods Manufacturing Industry Report
  • Food Service Contractors Industry Report

Bakery Product Manufacturing Industry Report

Purchase Report
 
$129

Overview

The US bakery industry includes about 2,800 commercial bakeries with combined annual revenue of about $30 billion, along with about 6,000 retail bakeries with combined annual revenue of about $3 billion. Major companies include Hostess Brands and Flowers Foods, plus the US operations of Mexico's Grupo Bimbo. The commercial side of the industry is concentrated: the 50 largest companies generate 75 percent of revenue. The retail side of the industry is highly fragmented: the 50 largest companies generate about 15 percent of revenue, and the typical company operates just one facility.

SIC: 2051, 2053, 5461

NAICS: 311811, 311812, 311813

 

Sample Questions & Answers

How does the bakery protect against higher raw material costs?

The costs of major raw materials, such as wheat, vegetable oils, fuel for delivery fleets, and natural gas for ovens, can change rapidly. Producer prices for wheat and vegetable oil can vary more than 40 percent during a year; commercial customer...

 

How do supermarket bakeries challenge the company?

Consolidation in the supermarket industry has produced large chains that can efficiently operate their own bakeries. Publix operates several bakery plants to supply its stores in the Southeast. Grocery-owned bakeries typically supply "fresh-baked"...

 

To read this full Call Prep Question and others, purchase the full report.

 

General Report Description

Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

 

Sections Included in Report

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

    Industry Report Highlights:

    • Recent Developments

      Stay up to date on crucial industry news that may affect your strategy.

    • Trends & Opportunities

      Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

    • Call Preparation Questions

      Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

    • Industry Forecast

      Identify growth and integrate projections in your own business planning.

    • Business Challenges

      Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

    • Executive Insight

      Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

    • Financial Information

      Increase your credibility and support your presentations by adding verifiable industry metrics.

    • Web Links & Acronyms

      Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

    Bakery Product Manufacturing Industry Report

    Purchase Report
     
    $129

    Fruit & Vegetable Processing Industry Report

    Purchase Report
     
    $129

    Overview

    The US fruit and vegetable processing industry includes about 1,300 companies with combined annual revenue of about $64 billion. Major companies include Del Monte, Heinz, JR Simplot, and Ocean Spray; and divisions of large food companies such as ConAgra and General Mills. The industry is concentrated: the 50 largest companies generate about 70 percent of revenue.

    SIC: 2032, 2033, 2034, 2037, 2038

    NAICS: 311422, 311421, 311412, 311423, 311411

     

    Sample Questions & Answers

    How does the company protect against changes in raw material and crop prices?

    Crop yields and prices can change yearly due to weather, disease, and supply and demand. Processors sell large quantities of commodity products at fairly low prices; however, if a crop yield is poor, the processor usually can't raise prices enough to...

     

    How dependent is the company on its larger customers?

    Consolidation in the grocery and restaurant industries and the rise of mass food merchandisers, like Costco and Wal-Mart, has funneled demand through fewer but larger customers. Local and regional processors may depend on just a few customers for the...

     

    To read this full Call Prep Question and others, purchase the full report.

     

    General Report Description

    Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

     

    Sections Included in Report

    • Industry Overview
    • Quarterly Industry Update
    • Business Challenges
    • Trends and Opportunities
    • Call Preparation Questions
    • Financial Information
    • Industry Forecast
    • Website and Media Links
    • Glossary of Acronyms

      Industry Report Highlights:

      • Recent Developments

        Stay up to date on crucial industry news that may affect your strategy.

      • Trends & Opportunities

        Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

      • Call Preparation Questions

        Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

      • Industry Forecast

        Identify growth and integrate projections in your own business planning.

      • Business Challenges

        Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

      • Executive Insight

        Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

      • Financial Information

        Increase your credibility and support your presentations by adding verifiable industry metrics.

      • Web Links & Acronyms

        Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

      Fruit & Vegetable Processing Industry Report

      Purchase Report
       
      $129

      Poultry Product Manufacturing Industry Report

      Purchase Report
       
      $129

      Overview

      The US poultry product manufacturing industry includes about 300 companies with combined annual revenue of about $50 billion. Major companies include Perdue Incorporated, Pilgrim's Pride, and Tyson Foods. The industry is highly concentrated: the 50 largest companies account for more than 90 percent of revenue.

      SIC: 2015

      NAICS: 311615

       

      Sample Questions & Answers

      How does the company estimate demand, prevent overcapacity, and protect prices?

      Poultry product prices are largely subject to the factory capacity available to produce products and to consumer demand. Although both domestic consumption and exports have grown, production capacity has increased faster. Wholesale chicken prices are...

       

      How does the company protect itself from fluctuating feed prices?

      Prices for corn and soybean meal, the major chicken feeds, can vary as much as 40 percent throughout the year. Processors often can't pass along cost increases because consumers will switch to other products.

       

      To read this full Call Prep Question and others, purchase the full report.

       

      General Report Description

      Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

       

      Sections Included in Report

      • Industry Overview
      • Quarterly Industry Update
      • Business Challenges
      • Trends and Opportunities
      • Call Preparation Questions
      • Financial Information
      • Industry Forecast
      • Website and Media Links
      • Glossary of Acronyms

        Industry Report Highlights:

        • Recent Developments

          Stay up to date on crucial industry news that may affect your strategy.

        • Trends & Opportunities

          Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

        • Call Preparation Questions

          Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

        • Industry Forecast

          Identify growth and integrate projections in your own business planning.

        • Business Challenges

          Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

        • Executive Insight

          Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

        • Financial Information

          Increase your credibility and support your presentations by adding verifiable industry metrics.

        • Web Links & Acronyms

          Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

        Poultry Product Manufacturing Industry Report

        Purchase Report
         
        $129

        Sugar Manufacturing Industry Report

        Purchase Report
         
        $129

        Overview

        The US sugar manufacturing industry consists of about 40 companies with combined annual revenue of about $8 billion. Major companies include American Crystal Sugar, Imperial Sugar, Amalgamated Sugar, and Fanjul Corp, owner of Florida Crystals and C&H. The industry is highly concentrated: the eight largest companies account for more than 75 percent of industry revenue.

        SIC: 2062, 2063, 2061

        NAICS: 311313, 311312, 311311

         

        Sample Questions & Answers

        How critical is government price support to the company's operations?

        The sugar manufacturing industry depends on price supports from the federal government, which keeps the US sugar price about twice as high as the world price. Without price supports, many US producers couldn't continue in business.

         

        How has the company's business been affected by increasing use of corn syrup in food manufacture?

        High fructose corn syrup (HFCS), which is cheaper than sugar, has replaced sugar in numerous processed foods, notably sodas. While corn sweeteners have experienced market growth, demand for refined sugar has been relatively flat. Sugar refiners also...

         

        To read this full Call Prep Question and others, purchase the full report.

         

        General Report Description

        Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

         

        Sections Included in Report

        • Industry Overview
        • Quarterly Industry Update
        • Business Challenges
        • Trends and Opportunities
        • Call Preparation Questions
        • Financial Information
        • Industry Forecast
        • Website and Media Links
        • Glossary of Acronyms

          Industry Report Highlights:

          • Recent Developments

            Stay up to date on crucial industry news that may affect your strategy.

          • Trends & Opportunities

            Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

          • Call Preparation Questions

            Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

          • Industry Forecast

            Identify growth and integrate projections in your own business planning.

          • Business Challenges

            Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

          • Executive Insight

            Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

          • Financial Information

            Increase your credibility and support your presentations by adding verifiable industry metrics.

          • Web Links & Acronyms

            Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

          Sugar Manufacturing Industry Report

          Purchase Report
           
          $129

          Meat Product Manufacturing Industry Report

          Purchase Report
           
          $129

          Overview

          The US meat products manufacturing industry includes about 3,000 companies with combined annual revenue of about $175 billion. Major companies include Tyson Foods, Smithfield Foods, and Pilgrim's Pride. Tyson is the largest beef company, Smithfield the largest pork company, and Pilgrim's Pride the largest poultry company. The slaughtering segment of the industry is highly concentrated: the 50 largest companies generate about 90 percent of segment revenue. The secondary processing segment, meat processed from carcasses, is also concentrated: the top 50 companies generate about 65 percent of segment revenue. Poultry processing is highly concentrated: the top 50 companies generate more than 90 percent of revenue.

          SIC: 0751, 2013, 2077

          NAICS: 311611, 311612, 311613

           

          Sample Questions & Answers

          How does the company reduce risk of food contamination and subsequent recalls or litigation?

          Each year, more than 76 million Americans get sick and about 5,000 die from consuming contaminated foods and beverages. The USDA, which regulates various aspects of meat processing operations and has the power to shut plants down, has promoted a...

           

          How does the company secure an adequate supply of labor?

          Workers in slaughterhouses and meat processing plants receive relatively low wages and often work in difficult conditions. Labor turnover can be high. Meat processing, which requires workers to make repetitive motions with sharp tools, is one of the...

           

          To read this full Call Prep Question and others, purchase the full report.

           

          General Report Description

          Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

           

          Sections Included in Report

          • Industry Overview
          • Quarterly Industry Update
          • Business Challenges
          • Trends and Opportunities
          • Call Preparation Questions
          • Financial Information
          • Industry Forecast
          • Website and Media Links
          • Glossary of Acronyms

            Industry Report Highlights:

            • Recent Developments

              Stay up to date on crucial industry news that may affect your strategy.

            • Trends & Opportunities

              Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

            • Call Preparation Questions

              Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

            • Industry Forecast

              Identify growth and integrate projections in your own business planning.

            • Business Challenges

              Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

            • Executive Insight

              Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

            • Financial Information

              Increase your credibility and support your presentations by adding verifiable industry metrics.

            • Web Links & Acronyms

              Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

            Meat Product Manufacturing Industry Report

            Purchase Report
             
            $129

            Snack Foods Manufacturing Industry Report

            Purchase Report
             
            $129

            Overview

            The US snack foods manufacturing industry includes about 500 companies with combined annual revenue of $27 billion. Major companies include PepsiCo's Frito-Lay, Kraft's Nabisco subsidiary, Diamond Foods, Snyder's-Lance, and ConAgra Foods. The industry is highly concentrated: the top 50 companies account for 90 percent of industry revenue.

            SIC: 2068, 2052

            NAICS: 311911, 311919

             

            Sample Questions & Answers

            How does the company limit the risk of volatile commodity prices?

            The price of critical commodity inputs such as corn, tree nuts, soybean and cottonseed oil, and potatoes can increase significantly due to poor farm yields, unpredictable weather patterns, and market reactions to government farm subsidies. Tree nuts...

             

            How difficult is raising prices to consumers?

            The snack food industry competes with a number of other impulse purchases and snacking options, including cookies, crackers, candy, energy bars, in-store bakery items, fast food, and baking at home. Salty snacks are among the first foods eliminated...

             

            To read this full Call Prep Question and others, purchase the full report.

             

            General Report Description

            Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

             

            Sections Included in Report

            • Industry Overview
            • Quarterly Industry Update
            • Business Challenges
            • Trends and Opportunities
            • Call Preparation Questions
            • Financial Information
            • Industry Forecast
            • Website and Media Links
            • Glossary of Acronyms

              Industry Report Highlights:

              • Recent Developments

                Stay up to date on crucial industry news that may affect your strategy.

              • Trends & Opportunities

                Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

              • Call Preparation Questions

                Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

              • Industry Forecast

                Identify growth and integrate projections in your own business planning.

              • Business Challenges

                Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

              • Executive Insight

                Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

              • Financial Information

                Increase your credibility and support your presentations by adding verifiable industry metrics.

              • Web Links & Acronyms

                Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

              Snack Foods Manufacturing Industry Report

              Purchase Report
               
              $129

              Food Service Contractors Industry Report

              Purchase Report
               
              $129

              Overview

              The US food service contracting industry includes about 3,000 companies with combined annual revenue of about $34 billion. Major companies include ARAMARK, Centerplate, and Delaware North. The industry is highly concentrated: the 50 largest companies account for about 90 percent of revenue.

              SIC: 5812

              NAICS: 722310

               

              Sample Questions & Answers

              How does the state of the economy affect the company?

              The profitability of food service contractors fluctuates with the health of the national economy. A weak economy means fewer employees at the company cafeteria, less corporate spending on catering, lower attendance at sports and...

               

              How do industrywide low wages affect the company's ability to attract and retain employees?

              Wages in the food service contractor industry are significantly lower than the national average. The hiring pool for the industry typically includes immigrants, some of whom have entered the US illegally. Increased government enforcement...

               

              To read this full Call Prep Question and others, purchase the full report.

               

              General Report Description

              Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

               

              Sections Included in Report

              • Industry Overview
              • Quarterly Industry Update
              • Business Challenges
              • Trends and Opportunities
              • Call Preparation Questions
              • Financial Information
              • Industry Forecast
              • Website and Media Links
              • Glossary of Acronyms

                Industry Report Highlights:

                • Recent Developments

                  Stay up to date on crucial industry news that may affect your strategy.

                • Trends & Opportunities

                  Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

                • Call Preparation Questions

                  Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

                • Industry Forecast

                  Identify growth and integrate projections in your own business planning.

                • Business Challenges

                  Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

                • Executive Insight

                  Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

                • Financial Information

                  Increase your credibility and support your presentations by adding verifiable industry metrics.

                • Web Links & Acronyms

                  Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

                Food Service Contractors Industry Report

                Purchase Report
                 
                $129

                Hormel Foods Corporation Overview

                Top 3 Competitors

                Company: B&G Foods, Inc.
                Location: Parsippany, NJ

                Company: Boar's Head Provisions Co., Inc.
                Location: Sarasota, FL

                Company: Bob Evans Farms, Inc.
                Location: Columbus, OH

                Industries where Hormel Foods Corporation Competes

                Meat Product Manufacturing
                Read More

                Food Manufacturing
                Read More

                Fruit & Vegetable Processing
                Read More

                Food Service Contractors
                Read More

                Grain Product Manufacturing
                Read More

                Bakery Product Manufacturing
                Read More

                Competitive Landscape Brief

                Demand is driven by consumer preferences and by the extent to which grocery stores choose to operate their own bakeries rather than buy from commercial bakeries. Profitability for individual companies is determined by efficiency of operations. Large companies have scale advantages in procurement, production, and distribution. Small companies can compete by offering specialty goods or superior local distribution services. Retail bakeries are labor-intensive: average annual revenue per worker is about $45,000.

                Hormel Foods Corporation Competitive Landscape

                Purchase Report
                 
                $69

                Providing a complete view of how this company and its competitors stack up against one another, the Competitive Landscape report includes benchmarks on over 30 parameters related to sales, employees, market cap, profitability, and growth. Exclusive to Hoover's, this landscape can be used to conduct competitive analysis, inform corporate strategy, and identify trends.

                 

                Sections Included in Report

                • Key Numbers
                • Profitability
                • Valuation
                • Operations
                • Financial Ratios
                • Per Share Data ($)
                • Growth Statistics
                • *Data provided for 3 to 30 competitors

                  Company Landscape Report Highlights

                  • Competitors List

                    Identify specific primary and secondary competitors, allowing you evaluate the chances of successfully introducing new products.

                  • Competitive Landscape

                    Access detailed financial metrics on a company's top competitors, so you can quickly determine their relative health and add credibility-boosting quantitative data to your presentations.

                  Competitive Landscape Report

                  Purchase Report
                   
                  $69