Hormel Foods Highlights Innovation and Jennie-O Turkey Store at Barclays Back-to-School Consumer Conference

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September 11, 2015

Austin, Minn.

During the annual Barclays Back-to-School Consumer Conference in Boston, Mass., Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods Corporation (NYSE: HRL), offered insights on the company’s strategies for driving growth including innovation efforts, expanding business in China and the success of its recent acquisitions.

Ettinger also highlighted consumer trends in portable and nutritious foods, multicultural flavors and expansion into global markets.

“We continue to broaden our portfolio with more choices for consumers in key growth areas and leverage our trusted brands,” Ettinger said. “Products such as Wholly Guacamole^®dips, Muscle Milk^® protein products and SKIPPY^®peanut butter and new SKIPPY^®P.B. Bites are convenient, portable protein offerings that fit with the varied lifestyles of today’s consumers.”

Glenn R. Leitch, group vice president and president at Jennie-O Turkey Store, joined Ettinger during the presentation to discuss the impact of the recent outbreak of highly pathogenic avian influenza on the industry and how Jennie-O^® products are connecting with consumers.

“Our repopulation processes are in place, and we are on track to be fully repopulated by the end of fiscal 2015,” Leitch said. “Jennie-O Turkey Store has emerged as a clear category leader. Our brand is growing with millennial consumers and driving growth for Hormel Foods.”

In July, Hormel Foods acquired Applegate Farms, LLC (“Applegate”), owner of the Applegate^® brand, which is the No. 1 brand in the natural and organic value-added prepared meats category.

“The Applegate^® brand is the leader in natural and organic meats and this acquisition allows us a faster path to expand our portfolio in this increasingly popular category,” Ettinger added. “We believe consumers are looking for more choices. Applegate^® products complement our diverse portfolio of brands.”

Ettinger concluded by highlighting the company’s experienced management team and strong history of solid financial performance, noting the company has increased dividends to shareholders for 49 consecutive years.

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 branded, value-added products to the global marketplace. The company is a member of the Standard & Poor’s (S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the 2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods magazine, and was again named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the seventh year in a row. Hormel Foods was also recognized as a 2015 Military Friendly Employer by G.I. Jobs magazine, on the 2015 Best for Vets Employers List by Military Times, and was named one of the 2015 40 Best Companies for Leaders by Chief Executive magazine. 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.