Hormel reflects on record year - KTTC Rochester, Austin, Mason City News, Weather and Sports

Hormel reflects on record year


AUSTIN, Minn. (KTTC) -- With the recent acquisition of the Skippy Peanut Butter brand this last month, it's no surprise that Hormel Foods is continuing to succeed.  2012 proved to be the best year in its history as it announced Tuesday evening at its annual shareholders meeting.

In each of its five different categories, Hormel Foods sales have increased.

Grocery Products for the company were up 10-percent, refrigerated foods up one-percent.  Jennie-O Turkey Stores increased 6-percent. Specialty items jumped 11-percent in the last year and international sales went up seven-percent.

Meanwhile the year set a sales record at $8.2 billion, up four-percent from 2011.

Tuesday evening at the Austin High School auditorium, CEO Jeff Ettinger spread the good news and numbers during the annual shareholders meeting to the more than a thousand in attendance.  Before the presentation got underway the CEO hosted a small press conference.  During which he mentioned how great it was that Hormel has been able to tough out the recession.

"We have seen some phases where the food service side of the business was down a little it especially during the early days of the recession," said Enttinger. "But overall if you look at our track record over the past four or five years we've found ways to continue to grow the business. I think we're just doing a good job of creating items that are appealing to consumers that they find, even during this economy to be, something they want to bring home."

Hormel employs roughly 19,800 people worldwide.

For the last couple of years, Ettinger says the international sales have exceeded their goals increasing by double digits each year.  With the Skippy Peanut Butter acquisition, that will only add to those sales.

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