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Hormel Foods Announces Stock Repurchase

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Austin, Minn.

Hormel Foods Corporation (NYSE: HRL) today announced the Board of Directors has authorized the repurchase of up to 5 million shares of its common stock.

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. The company is a member of the Standard & Poor’s 500 Index. Hormel Foods was named one of Forbes’ “100 Most Trustworthy Companies” in 2010. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit https://www.hormelfoods.com.