| Business Summary | | 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.
The
principal
products
of
the
Company
are
meat
and
food
products
that
are
sold
fresh,
frozen,
cured,
smoked,
cooked
and
canned.
Meat
Products
include
fresh
meats,
sausages,
hams,
wieners
and
bacon.
Prepared
Foods
products
include
canned
luncheon
meats,
shelf-stable
microwaveable
entrees,
stews,
chilies,
hash,
meat
spreads
and
frozen
processed
products.
The
Poultry
and
Other
categories
include
the
Jennie-O
turkey
products.
Products
are
sold
under
the
Hormel
label
in
all
50
states.
The
subsidiary,
Hormel
Foods
International
Corporation,
markets
the
Company's
products
in
international
areas
including
the
Philippines,
Japan,
Mexico,
Costa
Rica
and
various
European
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hormel
Foods
Corporation
is
primarily
engaged
in
theproduction
of
a
variety
of
meat
and
food
products
and
the
marketing
of
those
products
throughout
the
U.S.
For
the
nine
months
ended
7/28/01,
net
sales
increased
13%
to
$3.01
billion.
Net
income
increased
4%
to
$113.6
million.
Revenues
benefitted
from
increased
tonnage
volume
and
the
acquisition
of
the
Turkey
Store.
Net
income
was
partially
offset
by
increased
S/G/A
expenses
due
to
costs
associated
with
the
acquisition. Recent Earnings Announcement For
the
13
weeks
ended
07/28/2001,
revenues
were
1,039,491;
after
tax
earnings
were
33,212. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joel Johnson, 57 Chairman,
Pres and CEO | $1.9M | $810K | Michael McCoy, 53 CFO,
Sr. VP, Director | -- | -- | Gary Ray, 54 Exec.
VP, Refreigerated Foods | 847K | -- | James Jorgenson, 55 Sr.
VP, Corp. Staff | 448K | -- | Mahlon Schneider, 61 Sr.
VP, External Affairs Gen. Counsel | -- | -- | Dollar
amounts are as of 28-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|