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Stock Market & Financial Investment News

News Breaks
January 3, 2013
12:22 EDTHSH, HRLHillshire Brands weakness a buying opportunity, says JPMorgan
JPMorgan attributes today's pullback in shares of Hillshire Brands (HSH) to Hormel Foods (HRL), a potential suitor of the company, buying Skippy peanut butter. The firm recommends buying Hillshire on the pullback.
News For HSH;HRL From The Last 14 Days
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September 11, 2014
15:04 EDTHRLHormel Foods management to meet with FBN Securities
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12:05 EDTHRLUSDA lowers forecasts for 2014, 2015 meat production
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September 5, 2014
08:02 EDTHRLHormel Foods CEO sees innovation efforts, new markets as growth vehicles
During the annual Barclays Back-to-School Consumer Conference, Jeffrey M. Ettinger, chairman of the board, president and CEO at Hormel Foods, offered insights on the company’s strategies for driving growth, including innovation efforts to deliver products that fit the needs of today’s consumer. Particular areas of interest include growing trends in portable and nutritious foods, multicultural flavors and expansion into global markets. “Our continued focus on innovation has brought creative and convenient value-added food products to consumers,” Ettinger said. “It has also enabled us to keep our broad portfolio of iconic brands fresh and relevant with new flavors, packaging and convenience. In August, Hormel Foods acquired CytoSport Holdings, Inc., the maker of Muscle Milk products. CytoSport’s brands align with the company’s focus on protein, while further diversifying the Hormel Foods portfolio. The acquisition will serve as a growth catalyst for the company’s Specialty Foods segment, and also offers a branded avenue for our company in the fast growing sports nutrition space. Ettinger stated Muscle Milk products will be a key contributor to the company’s growing portfolio of products focused on portable foods and better-for-you trends. In addition to innovation, the company will be focusing on driving sales outside of the United States as Ettinger stated, “We have done a nice job of expanding sales of our SPAM family of products outside the United States, and SKIPPY peanut butter has been a complimentary growth vehicle for our international business.”

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