Core Insights - Hormel Foods Corporation is under investigation for possible violations of federal securities laws, as announced by Levi & Korsinsky [1] - Hormel Foods has cut its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility, leading to a stock decline of over 9% on October 29, 2025 [2] Company Overview - Hormel Foods Corporation is facing significant challenges impacting its financial performance, including external pressures from market conditions and operational disruptions [2] - The company has recently parted ways with its Chief Financial Officer, indicating potential internal management issues [2] Legal Context - Levi & Korsinsky LLP, a recognized securities litigation firm, has initiated an investigation into Hormel Foods, highlighting the firm's history of securing substantial settlements for shareholders [3]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Hormel Foods Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Hormel securities may be entitled to compensation through a contingency fee arrangement, with Rosen Law Firm preparing a class action to recover investor losses [2]. - Investors can join the prospective class action by submitting a form or contacting the law firm directly for more information [2]. Group 2: Recent Company Developments - On October 29, 2025, Hormel Foods announced a cut in its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility, leading to a 9.1% drop in its stock price [3]. - The company also announced the departure of its Chief Financial Officer as part of this news [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for the number of settlements since 2013 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Insights - Dividend Kings are stocks that have consistently increased their dividend payouts for 50 consecutive years or more [1] Company Highlights - Examples of Dividend Kings include Target (NYSE:TGT), Becton Dickinson (NYSE:BDX), and Hormel Foods (NYSE:HRL) [1]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Hormel Foods Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Hormel securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket costs [2]. - Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 2: Recent Developments - On October 29, 2025, The Wall Street Journal reported that Hormel cut its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility, leading to a 9.1% drop in stock price [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Hormel Foods Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Hormel securities may be entitled to compensation through a class action without any out-of-pocket fees, as the Rosen Law Firm prepares to seek recovery of investor losses [2]. - Interested investors can join the prospective class action by submitting a form or contacting the law firm directly [2]. Group 2: Recent Developments - On October 29, 2025, The Wall Street Journal reported that Hormel Foods cut its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility, leading to a 9.1% drop in stock price on the same day [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and being recognized as a leading firm in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Insights - Hormel Foods plans to eliminate 250 positions through voluntary early retirements and layoffs as part of a corporate restructuring [1] - The restructuring aims to align resources with strategic priorities, support future growth, and strengthen the overall business [2] - The company expects restructuring charges of $20 million to $25 million, primarily related to pension benefits, severance, and employee costs [3] Financial Performance - Hormel Foods reported a 4.6% increase in third-quarter net sales to $3.03 billion, with organic sales up 6% [4] - Operating income rose 1.3% to $239.7 million, while net earnings increased by 4% to $183.7 million [4] - For the fourth quarter, net sales are projected at the upper end of guidance, with adjusted earnings per share forecasted to be $0.08 to $0.09 below previous expectations [6] Future Outlook - The company anticipates strong demand across retail, foodservice, and international segments, particularly for turkey products and Planters snacks [5] - Operating income is expected to be between $982 million and $996 million, down from earlier forecasts of $1.12 billion to $1.19 billion [7]

Core Insights - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Hormel Foods Corporation due to allegations of materially misleading business information [1] - Hormel Foods' stock fell by 9.1% following a report that the company cut its earnings forecast due to price pressures, bird flu, and a fire at its Arkansas peanut butter production facility [3] Group 1: Company Performance - Hormel Foods warned that its earnings in the latest quarter were negatively impacted by various factors including price pressures, bird flu, and a fire incident [3] - The company announced a leadership change, parting ways with its Chief Financial Officer [3] Group 2: Legal Actions - Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses for those who purchased Hormel securities [2] - Investors may join the prospective class action without incurring out-of-pocket fees through a contingency fee arrangement [2]

Hormel Foods is cutting 250 corporate and sales jobs as part of a restructuring, the food company that owns brands including Planters, Skippy and Spam said Tuesday https://t.co/jn18mzgMkv ...

Core Viewpoint - Hormel Foods is undergoing a restructuring process that involves cutting 250 corporate and sales jobs, which is expected to incur restructuring charges between $20 million and $25 million [1] Group 1: Company Actions - The company is reducing its workforce as part of a broader restructuring strategy [1] - Hormel Foods owns well-known brands such as Planters, Skippy, and Spam [1] Group 2: Financial Implications - The anticipated restructuring charges are estimated to be in the range of $20 million to $25 million [1]

Core Viewpoint - Hormel Foods Corporation is undergoing a corporate restructuring to align resources with strategic priorities, support future growth, and strengthen the overall business [1][4]. Group 1: Restructuring Details - The company has implemented a voluntary early retirement program for a portion of its non-plant workforce, is closing many open roles, and will reduce approximately 250 corporate and sales positions [2][3]. - The restructuring is expected to incur charges between $20 million and $25 million, primarily related to one-time pension benefits, cash severance payments, stock compensation expenses, and employee benefit costs [4]. Group 2: Leadership Statements - Jeff Ettinger, interim CEO, emphasized the careful consideration given to decisions affecting team members and the focus on providing support during transitions [3][5]. - John Ghingo, president of Hormel Foods, stated that the company remains focused on growth, requiring continued investment in technology, innovation, food safety, and quality [4]. Group 3: Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, has approximately $12 billion in annual revenue and is a member of the S&P 500 Index [6]. - The company is recognized for its brands, including PLANTERS, SKIPPY, SPAM, and HORMEL NATURAL CHOICE, and has received numerous accolades for corporate responsibility and community service [6].