Hormel Foods Corporation

Industry: Food Processing

Fortune Rank: 340

Hormel Foods Corporation is primarily engaged in the production of a variety of meat and food products and the marketing of those products throughout the U.S. For the 9 months ended 7/31/05, net sales increased 15% to $3.94B. Net income increased 6% to $171.7M. Revenues reflect improved market conditions and favorable pricing. Net income was partially offset by higher selling and marketing expenses, and increased administrative costs.

Hormel Foods Corporation is primarily engaged in the production of a variety of meat and food products, and the marketing of those products throughout the United States. Hormel Foods Corporation's products primarily consist of meat and other food products. The meat products are sold fresh, frozen, cured, smoked, cooked and canned. The Poultry category is composed primarily of Jennie-O Turkey Store (JOTS) products. The Other category primarily consists of nutritional food products and supplements, sugar and sugar substitutes, salt and pepper products, dessert mixes and industrial gelatin products. During the fiscal year ended October 30, 2004 (fiscal 2004), the Company sold Vista International Packaging, Inc., acquired the assets of Concept Foods Inc. (Concept) in October 2004, and on December 29, 2004, the Company acquired Clougherty Packing Company (Clougherty). Clougherty is a privately held Southern California pork processor and creator of the Farmer John brand of pork products.

Hormel Foods Corporation

Hormel Foods Corporation is a Fortune 500 company. In 2010 Hormel Foods Corporation was ranked number 340 on the Fortune 500 list, making it the 340th largest company in the United States when judged by revenue.

Hormel Foods Corporation achieved revenue of $6,533.70 million in 2010 and earned a profit of $342.80 million.

Hormel Foods Corporation' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 340th compared to 373rd in 2009. This was based on its 2009 revenue of $6,755 million (a change of 0 million compared to 2010) and profits of $286 million (a change of $57 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Hormel Foods Corporation would be ranked 265th rather than 340th due to its profits of $343 in 2010.

Hormel Foods Corporation Revenue* Profit* Fortune Ranking

* US$ Million

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