Effective Oct. 31, the beginning of fiscal 2023, the company is transitioning to three operating segments – Retail, Foodservice and International. 

Hormel Foods recently became a major sponsor of an up to 50,000-acre regenerative-agriculture pilot project to be located throughout central and southeast Minnesota. 

Sadler’s Smokehouse is introducing a line of ready-to-eat beef brisket, pulled pork, pulled chicken and St. Louis Ribs at select retailers this summer. The new line of Sadler’s Smokehouse products is pit-smoked low and slow, using butcher-quality cuts of meat, no artificial ingredients, Texas hardwoods and 65 years of family barbeque tradition.

Jennie-O Turkey Store announced the launch of a new product called Jennie-O turkey burger blends. Made from a combination of white meat turkey, black beans, whole grain rice and pepitas, these carefully selected and nutritious ingredients offer consumers the combined benefits of lean, meat-based and plant-forward protein (15g) and fiber (5g) in one tasty turkey burger.

Hormel's Columbus Craft Meats has launched Columbus Pepperoni Paninos. Made with select cuts of pork and a proprietary blend of spices, this six-pack of dry-cured and slow-aged premium pepperoni rolled with mozzarella cheese is the latest extension of the brand’s party product offerings.

Hormel announced the appointments of Jeff Frank to vice president of Grocery Products, leading the strategic integration of the Planters and Corn Nuts brands into Hormel Foods. The Planters and Corn Nuts acquisition was announced on February 11, and is expected to be completed by the summer. Frank currently serves as vice president of marketing for the Foodservice business within Hormel Foods. Additionally, Annemarie Vaupel, currently director of marketing for the Foodservice division, will advance to vice president of marketing for the Foodservice division.

Hormel's Deli Solutions Group has rolled out its line of Perfect Plate products, making it easier for retailers to deliver what consumers are looking for in a touch-free and convenient meal while easing the back-of-house labor challenges that may come with prepared meal products in a store's deli section.

Hormel has rolled out their new pretzel bites and cheese tray, an addition to the Hormel Gatherings line that capitalizes on the growing snack trend, an increase in home-based working and schooling, and the move to smaller get-togethers in the wake of the COVID-19 pandemic. This innovation is the first of its kind for pretzels and complementing cheese cup to be sold in the refrigerated section of the deli.

Hormel Foods announced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. Mark Coffey, currently senior vice president of supply chain and manufacturing for Hormel Foods, will advance to group vice president of supply chain and will lead the company's global supply chain. Additionally, Jen Ehresmann was named to vice president of supply chain. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide.

Hormel Foods is predicting eight food trends for 2021. "It's no surprise that comfort food, sourdough bread and whipped coffee had big moments this past year, as people hunkered down and spent more time at home than ever before," says Heather Vossler, director of innovation and insights at Hormel Foods. "What's interesting is that as we all eagerly look ahead to the fresh start of a new year, we're seeing people still wanting that comfort and nostalgia, but also on a more elevated and focused level, as individuals continue seeking inspired, yet familiar, food choices."