Costco Q4 Comp Sales Up 9.4%; FY26 Net Sales Hit $297.2B
Costco reported strong financial results for its fiscal fourth quarter and full year 2026, with net sales reaching $93.9 billion for the quarter and $297.2 billion for the year. Comparable sales increased by 9.4% in Q4, driven by growth in the U.S. and digitally-enabled sales, and the company plans to open 33 new warehouses in FY27. Executive membership penetration hit an all-time high, and Costco continues to expand its digital partnerships and reinvest tariff refunds to provide member value.
Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company
Hormel Foods Corporation has announced a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company, for approximately $1.055 billion. This acquisition is expected to close in the first quarter of Hormel Foods' fiscal 2027 and aims to strengthen Hormel Foods' position in the growing protein category and enhance its foodservice capabilities. Brakebush, founded in 1925, generated about $1.2 billion in net sales over the last 12 months and will primarily be reported within Hormel Foods' Foodservice segment.
Hormel Foods To Acquire Brakebush In $1.055B Deal
Hormel Foods Corporation has agreed to acquire Brakebush Brothers LLC, a value-added chicken company, for approximately $1.055 billion. This acquisition is expected to significantly increase chicken's share in Hormel's protein mix from under 5 percent to about 13 percent, strengthening its foodservice platform. The deal is anticipated to close in the first quarter of Hormel's fiscal 2027 and be accretive to adjusted earnings per share starting in fiscal 2028.
Hormel to Acquire Chicken Processor Brakebush in $1B Deal
Hormel Foods Corp. has announced its agreement to acquire chicken producer Brakebush Brothers for $1.055 billion. This acquisition is expected to strengthen Hormel's position in high-protein products, enhance its foodservice platform, and generate growth. The deal is projected to close in the first quarter of Hormel's 2027 fiscal year.
Brakebush Brothers and Hormel Foods Transaction
William Blair served as the exclusive financial advisor to Brakebush Brothers, Inc. in its agreement to be acquired by Hormel Foods Corporation for $1.055 billion. Brakebush, a family-owned processor of chicken products since 1925, will join Hormel Foods, a global branded food company with over $12 billion in annual revenue. The transaction, announced on September 30, 2026, is expected to close by year-end.
Hormel Foods promotes two R&D leaders
Hormel Foods Corp. has announced two key promotions within its research and development team. Aaron Asmus, PhD, has been named vice president of R&D, bringing 17 years of experience with the company. Additionally, Lisa Selk has been promoted to vice president of growth and innovation, leveraging her extensive background in consumer insights, brand leadership, and innovation.
Hormel Foods Corporation's Tasty Purchase Doesn't Make The Firm Appetizing Enough
Hormel Foods Corporation announced a $1.06 billion acquisition of Brakebush Brothers to strengthen its Foodservice segment. While Foodservice revenue grew, other segments faced challenges. Management anticipates flat annual revenue but improved adjusted EPS and EBITDA for 2026, leading to a continued 'hold' rating due to the stock being fairly valued but relatively pricey compared to peers.
Hormel Foods To Acquire Brakebush Chicken for $1 Billion
Hormel Foods Corp. announced its agreement to acquire Brakebush Brothers LLC, a value-added chicken company, for approximately $1.055 billion. This acquisition is part of Hormel's strategy to invest in growing protein categories, particularly chicken, and will enhance its foodservice platform. The transaction is expected to close during the first quarter of Hormel Foods’ fiscal 2027.
Cheerios maker General Mills names company veteran as CEO
General Mills has named Dana McNabb, a company veteran since 1999 and current chief operating officer, as its new CEO, effective January 1. She will succeed Jeff Harmening, who has led the company since 2017. McNabb's appointment comes as General Mills navigates slowing sales due to shifts in consumer spending and preferences for healthier products, and she is expected to continue the company's strategy of focusing on faster-growing businesses and divesting non-core assets.
Hormel Strikes $1.06 Billion Deal to Expand Its Chicken Business
Hormel Foods has announced an agreement to acquire Brakebush Brothers LLC for approximately $1.055 billion, aiming to expand its presence in value-added chicken products and foodservice. The acquisition is expected to close in Hormel's fiscal first quarter of 2027 and is projected to boost adjusted earnings per share starting in fiscal 2028. This move will strengthen Hormel's position in the growing protein category and enhance its Foodservice business.
Frozen sandwich competition heats up
The frozen sandwich category is experiencing a surge in competition, driven by the success of brands like J.M. Smucker Co.'s Uncrustables. While the overall frozen meals market has seen declines, frozen handheld entrees, particularly peanut butter sandwich formats, are thriving. Several new players, including Welch's Foods Inc., Jams, Rudi's Rocky Mountain Bakery, and Kraft Heinz Co., are entering the market with innovative products to capture a share of this growing segment.
Hormel Foods to Buy Brakebush Brothers for About $1.06 Billion
Hormel Foods, known for Spam and Skippy, has agreed to acquire Brakebush Brothers, a family-owned chicken product processor, for approximately $1.055 billion. This acquisition is expected to boost Hormel's presence in growing protein categories, as Brakebush reported $1.2 billion in sales over the past year. The deal aligns with Hormel's strategic investments in the protein market.
Hormel Acquires Chicken Processor for $1B
Hormel Foods Corp. announced its acquisition of Brakebush Brothers LLC, a family-owned chicken processor, for $1.055 billion. This move strengthens Hormel's position in the value-added chicken and foodservice sectors. Brakebush, with $1.2 billion in net sales, five production facilities, and two R&D labs, will help Hormel better serve national and regional operators with high-quality chicken products.
Hormel Foods to acquire Brakebush Brothers for $1.055 billion
Hormel Foods announced an agreement to acquire Brakebush Brothers, a family-owned value-added chicken processor, for approximately $1.055 billion. This acquisition is expected to add roughly $1.2 billion in annual sales to Hormel's foodservice business and deepen its footprint in value-added chicken. The deal is anticipated to close in the first quarter of Hormel's fiscal 2027 and contribute positively to adjusted earnings per share starting in fiscal 2028.
Hormel Foods agrees to acquire Brakebush for $1.06 billion
Hormel Foods Corp. has announced its agreement to acquire Brakebush Brothers, a value-added chicken company, for approximately $1.055 billion. This acquisition is expected to enhance Hormel's position in the growing protein category and strengthen its foodservice platform. Brakebush, which generated around $1.2 billion in net sales over the past year, operates five production facilities and two R&D labs, and the transaction is anticipated to close in the first quarter of Hormel Foods' fiscal 2027.
Hormel Foods to acquire Brakebush Brothers
Hormel Foods Corp. is set to acquire Brakebush Brothers, LLC, a processor of value-added chicken, for approximately $1.06 billion. This acquisition aims to significantly expand Hormel's presence in the growing value-added chicken market, building on the success of its Foodservice business unit. Brakebush generated around $1.2 billion in net sales over the last 12 months and operates five manufacturing facilities, making it a strong strategic fit for Hormel Foods' long-term growth strategy.
Hormel Foods to buy Wisconsin chicken processor for $1.05 billion
Hormel Foods is set to acquire Brakebush Brothers, a Wisconsin-based chicken processor, for $1.05 billion. This acquisition is expected to enhance Hormel's foodservice operations and is anticipated to close in the first fiscal quarter of 2027, pending regulatory approvals. The deal marks a significant expansion for Hormel in the poultry processing sector.
Hormel Foods to Acquire Brakebush Brothers Chicken Provider
Hormel Foods (HRL) plans to acquire Brakebush Brothers, a leading value-added chicken provider, for approximately $1.055 billion in cash. This acquisition is expected to expand Hormel's presence in the chicken protein category, strengthen its foodservice platform, and be accretive to its adjusted earnings per share starting in fiscal 2028. The deal, subject to regulatory approvals, is targeted to close in early fiscal 2027.
Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Value-Added Chicken Company
Hormel Foods Corporation has entered into a definitive agreement to acquire Brakebush Brothers, LLC, a prominent value-added chicken company, for approximately $1.055 billion. This acquisition aligns with Hormel Foods' strategy to expand its presence in growing protein categories, particularly within value-added chicken, and is expected to enhance its Foodservice platform. The transaction is projected to close in the first quarter of Hormel Foods' fiscal 2027, pending regulatory approval and customary closing conditions.
Hormel Foods to buy Brakebush in deal valued at $1.06 billion
Hormel Foods announced its acquisition of family-owned chicken processor Brakebush Brothers for $1.06 billion. This strategic move aims to expand Hormel's protein portfolio, capitalizing on growing consumer demand for protein-rich meals. The deal is expected to close in Q1 fiscal year 2027 and contribute to Hormel's adjusted earnings per share from fiscal 2028.
Hormel Foods to acquire Brakebush Brothers for $1.055B, boosting its value-added chicken and foodservice business.
Hormel Foods Corporation is set to acquire Brakebush Brothers, a value-added chicken company, for approximately $1.055 billion. This strategic acquisition aims to bolster Hormel's presence in the protein category, expand its chicken offerings, and enhance its foodservice operations. The deal is projected to close in early fiscal 2027 and contribute positively to adjusted earnings per share by fiscal 2028.
Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company
Hormel Foods Corporation has announced a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company, for approximately $1.055 billion. This acquisition is set to strengthen Hormel Foods' position in the growing protein category and enhance its foodservice capabilities. The transaction is expected to close in the first quarter of Hormel Foods' fiscal 2027 and is anticipated to be accretive to adjusted earnings per share starting in fiscal 2028.
Hormel Foods to buy Brakebush in deal valued at $1.06 billion
Hormel Foods announced its acquisition of family-owned chicken processor Brakebush Brothers for $1.06 billion. This move is aimed at expanding Hormel's protein portfolio, capitalizing on consumer trends towards protein-rich meals. Brakebush, which reported nearly $1.2 billion in net sales, will contribute to Hormel's adjusted earnings per share starting from fiscal year 2028.
Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company
Hormel Foods Corporation has entered into a definitive agreement to acquire Brakebush Brothers, LLC, a value-added chicken company, for approximately $1.055 billion. This acquisition aims to strengthen Hormel Foods' position in the growing protein category and enhance its Foodservice platform. The transaction is expected to close in the first quarter of Hormel Foods’ fiscal 2027 and be accretive to adjusted earnings per share starting in fiscal 2028.
Want to Drive a Giant Peanut? The PLANTERS® Brand Is Hiring
The PLANTERS® brand is hiring three college graduates to become "Peanutters" for a year-long experiential marketing program starting in June 2027. Peanutters will drive the 26-foot NUTmobile across the country, create social media content, and execute events, receiving a salary and benefits. Applications are open until November 1, 2026, and require a resume and a creative video.
McCormick & Company, Incorporated (MKC) stock price, news, quote and history
This article provides comprehensive financial data for McCormick & Company, Incorporated (MKC), including its current stock price, historical performance, key financial metrics, and analyst insights. It highlights the company's business segments in packaged foods and flavor solutions, details upcoming earnings calls, and compares its returns against the S&P 500.
2026 IW U.S. 500: Top Food and Beverage Manufacturers
The 2026 IndustryWeek U.S. 500 list features 34 food and beverage manufacturers, a decrease from 40 in the previous year. While the sector saw a 3.14% increase in total revenue, earnings dropped significantly by 32.5%. PepsiCo remains the top performer, and new entrants like Hormel Foods, Freshpet, Inc., John B. Sanfilippo & Son, Inc., and Westrock Coffee Company made the list.
Hormel Foods promotes Dr. Aaron Asmus to VP of R&D and names Lisa Selk VP of Growth and Innovation.
Hormel Foods has promoted Dr. Aaron Asmus to Vice President of Research and Development and Lisa Selk to Vice President of Growth and Innovation within R&D, effective October 26, 2026. These appointments aim to bolster the company's innovation efforts and accelerate new product commercialization. The news coincides with positive trading activity for Hormel Foods shares, which saw a 1.32% increase on the day.
Hormel Foods Announces Research & Development Executive Appointments
Hormel Foods Corporation has announced key executive appointments within its Research and Development (R&D) organization. Dr. Aaron Asmus has been promoted to vice president of R&D, overseeing all functions and driving innovation. Additionally, Lisa Selk has been named vice president of growth and innovation, R&D, focusing on connecting R&D with consumers and brands.
Hormel Foods Hiring Peanutters To Drive The Nut Mobile Across The Country
Hormel Foods is currently seeking applications for its 2027 class of "Peanutters" who will travel the country in the iconic Nut Mobile. This job offers a salary, full benefits, and travel stipends for college graduates to represent the Planters brand at various events nationwide. Peanutters will gain valuable experience in marketing, public relations, and content creation while meeting people and making connections across 41 states.
Hormel Foods Announces Research & Development Executive Appointments
Hormel Foods has announced key executive appointments in its Research & Development division. Dr. Aaron Asmus has been promoted to vice president of R&D, overseeing all functions and reporting to Dr. Kevin Myers. Additionally, Lisa Selk has been named vice president of growth and innovation, R&D, focusing on connecting R&D with consumers and brands.
The new consumer equation: nutrient density, value and fun
Today's consumers demand nutrient density, value, and fun from their food, pushing manufacturers and retailers to offer products that provide enjoyment and unique experiences beyond basic health benefits and price. Executives from Target, Chobani, and Hormel Foods discussed the importance of "accessible wellness" and how aspects like cultural relevance, limited-edition releases, and strategic splurging are reshaping grocery aisles. The article highlights that while health claims proliferate, the "fun filter" is becoming a primary differentiator, especially as consumers become more discerning about cost and calories.
Hormel Foods Pricing Strategy: Can It Balance Value and Profitability?
Hormel Foods (HRL) is implementing a comprehensive strategy that combines pricing adjustments, efficiency gains, and cost discipline to improve profitability while adapting to consumers' increasing focus on value. The company has executed two rounds of retail pricing, leading to a 1% decline in total dollar consumption in Q3, but saw growth in priority businesses like Jennie-O ground turkey. Despite a recent stock decline, Hormel Foods maintains a Zacks Rank #3 (Hold) and is adapting its product portfolio, messaging, and positioning to align with evolving consumer needs for value.
Hormel Foods (HRL) Maintains Quarterly Dividend at $0.2925, Yiel
Hormel Foods (HRL) announced it will maintain its quarterly dividend at $0.2925 per share, resulting in a forward yield of 5.86%. Despite a high payout ratio of 169% raising concerns about sustainability, the stock is considered significantly undervalued by GuruFocus's GF Value™. Insider selling and mixed guru activity suggest caution, but the company's solid financial strength and profitability support its investment quality despite weaker growth and momentum metrics.
Hormel Foods Corporation (NYSE:HRL) Shareholders to Get $0.29 Quarterly Dividend
Hormel Foods Corporation has declared a quarterly dividend of $0.2925 per share, payable on November 16th to shareholders of record by October 13th, representing an annualized dividend of $1.17 and a 5.9% yield. The company has a 60-year track record of increasing its dividend, with a current payout ratio of 65% which is expected to rise to 76% based on future earnings projections. Hormel recently reported quarterly earnings of $0.37 per share, surpassing estimates, though revenue declined by 2.4% year-over-year.
Hormel Foods Declares $0.2925 Quarterly Dividend
Hormel Foods (NYSE:HRL) has announced a quarterly common-stock dividend of $0.2925 per share. This payment, the company's 393rd consecutive quarterly dividend, will be made on November 16, 2026, to shareholders of record as of October 13, 2026. The declaration reinforces Hormel's consistent practice of returning capital to its shareholders.
Want to Drive a Giant Peanut? The PLANTERS® Brand Is Hiring
The PLANTERS® brand is seeking three college graduates to become "Peanutters" and drive the 26-foot-long NUTmobile across the country starting in June 2027. This experiential marketing role involves creating social media content, executing events, and engaging with media, offering a salary, benefits, and real-world marketing experience. Applications are open until November 1, 2026, and require a resume and a creative video.
CEUX:CHVd Dividend: Does Chevron Corp Pay a Dividend?
This article states that Chevron Corp (CEUX:CHVd) does not currently pay a regular dividend, though it has returned capital to shareholders through buybacks. It lists several alternative high-yield dividend stocks for investors interested in regular payouts. The piece also addresses frequently asked questions regarding Chevron's dividend policy and suggests tools for finding other dividend-paying stocks.
Hormel Foods Keeps Quarterly Dividend at $0.2925 a Share, Payable Nov. 16 to Holders of Record Oct. 13
Hormel Foods Corporation has declared a quarterly dividend of $0.2925 per share. This dividend will be payable on November 16 to shareholders of record as of October 13. The announcement was made on September 29, 2026, at 04:27 am EDT.
Hormel Foods declares $0.2925 quarterly dividend, continuing 393 consecutive payments since 1928.
Hormel Foods Corporation has declared a quarterly dividend of $0.2925 per share, marking its 393rd consecutive payment since 1928. This action demonstrates the company's financial stability and commitment to shareholders, evidenced by its $10.85 billion market capitalization and a 5.94% dividend yield. The stock, trading at $19.96, saw a 1.27% increase on the day of the announcement, reflecting strong investor confidence.
Hormel Foods Corporation Declares Quarterly Dividend
Hormel Foods Corporation (HRL) announced a quarterly dividend of $0.2925 per share, authorized by its Board of Directors. This marks the 393rd consecutive quarterly dividend paid by the company, with payment scheduled for November 16, 2026, to stockholders of record by October 13, 2026. Hormel Foods, a global branded food company and member of the S&P 500 Dividend Aristocrats, has consistently paid dividends since becoming public in 1928.
How Falling Unit Sales At Hormel Foods Has Changed Its Investment Story
Hormel Foods is facing challenges from falling unit sales, flat sales projections, and lower gross margins compared to its competitors. The company's investment narrative is shifting towards repair and efficiency improvements through its "Transform and Modernize" program, focusing on automation and manufacturing optimization. While analysts project revenue growth and a significant earnings increase by 2029, the success hinges on the company's ability to offset demand and margin pressures.
Hormel Foods stock last trades at USD 19.97 on September 28, 2026
Hormel Foods (US4404521001) stock last traded at USD 19.97 on September 28, 2026, marking a 1.32 percent increase. The company reported adjusted diluted earnings per share of USD 0.37 for the fiscal third quarter and updated its fiscal 2026 outlook, raising and narrowing its adjusted EPS guidance to USD 1.45–USD 1.51 and projecting net sales of USD 12.10 billion–USD 12.20 billion.
Hormel remains a hold as inflation and cost pressures slow its dividend growth despite strong yield.
Hormel (HRL) is rated a 'hold' due to persistent inflation, high input costs, and weak organic growth, which are slowing its dividend growth despite a strong yield and undervaluation. While new management has improved operations and the company boasts a 59-year dividend growth streak, the growth rate has significantly decelerated, raising concerns about dividend coverage. The stock trades below its historical average, but macroeconomic headwinds are delaying a potential turnaround.
Hormel: Undervalued And A Record Yield But Facing Growth Struggles (NYSE:HRL)
Hormel (HRL) is considered undervalued with a record yield, but faces significant growth struggles due to persistent inflation, input cost pressures, and weak organic growth. Despite new management streamlining its portfolio and focusing on higher-growth international markets, its 59-year dividend growth streak has slowed to about 1%, with concerns about coverage. Although trading at an attractive ~13.3x FY26 EPS, macroeconomic headwinds are delaying a turnaround.
The new food equation: Nutrient density, value and fun
Food manufacturers and retailers are finding that health and value are no longer enough to attract consumers. Shoppers are increasingly seeking enjoyment, discovery, and experiences, making "fun" a powerful differentiator in grocery categories. Companies like Target, Chobani, and Hormel Foods are adapting by offering accessible wellness, culturally relevant products, and strategic options for "splurgers" and diverse household sizes.
Business People: Evereve hires Target exec Alanna Baker to lead digital
Evereve, an Edina-based national women’s fashion chain, has appointed Alanna Baker as its first chief digital officer. Baker previously served as vice president of marketplace strategy and operations and general manager of a $2 billion ecommerce business at Target Corp. The article also details other significant executive appointments and honors in various sectors across Minnesota, including Capella University, Deluxe, Hormel Foods Corp., Padilla, Center of the American Experiment, The Minnesota Newspaper Association, Electromed, Patterson Cos., Minnesota Corn, and NextSilicon.
Hormel Foods stock last at USD 19.52, down 1.59 percent in New York trading
Hormel Foods (US4404521001) stock closed at USD 19.52, down 1.59 percent in New York trading, after opening at USD 19.79. The shares traded between USD 19.42 and USD 19.96, with a volume of 2,357,502.20 shares. The stock reached a 52-week low of USD 19.42, and analysts maintain a Hold consensus rating with a target of USD 26.14.
Fontanini Foods, LLC Issues Voluntary Class I Recall of FONTANINI® Breakfast Pork Sausage Link
Fontanini Foods, LLC is voluntarily recalling 232 cases (2,320 pounds) of FONTANINI® breakfast pork sausage links due to potential contamination with clear, hard plastic. This Class I recall affects product sold exclusively to foodservice operators in the United States, and no illnesses or injuries have been reported. The recall is being conducted in cooperation with the USDA Food Safety and Inspection Service (FSIS).
Can Hormel Foods' Protein Portfolio Win Over Value-Seeking Consumers?
Hormel Foods (HRL) is strategically positioning its protein-centric portfolio to cater to value-seeking consumers by emphasizing affordability, convenience, and versatility. The company has seen marketplace momentum in several retail brands like Jennie-O ground turkey and Applegate, alongside consistent growth in its Foodservice segment. Hormel aims to address evolving consumer preferences and value considerations through its diverse product offerings.
