|Jeffrey M. Ettinger, CEO of Hormel|
“We continue to innovate and adapt our offerings to meet the constantly evolving needs of consumers,” Ettinger wrote in the June 7 report. “Delivering foods that fit today’s busy lifestyles, products focused on nutritious and holistic attributes, and items with new and adventurous flavors from many cultures around the globe will drive our future growth."
In 2015, Hormel added several new products to its portfolio, including Hormel Black Label premium bacon, Muscle Milk Pro Series products and Skippy P.B. bites. The company also acquired Applegate Farms, LLC, which has allowed Hormel to offer a new line of products to meet the growing demand for natural and organic foods, Ettinger said.