AUSTIN, MINN. — Hormel Foods Corp. announced that it was named one of America’s Most Trustworthy Companies by Newsweek for the second year in a row.

“We are honored to be recognized as one of the most trusted companies in America,” said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. “Building a culture of trust is not a one-time achievement but a continuous effort. At Hormel Foods, we strive to earn and maintain the trust of our customers and stakeholders every day through our actions and our commitment to transparency, accountability and integrity.

“Our recognition as one of the most trusted companies in America is a testament to the dedication and hard work of our team members who are the foundation of our success.”

Newsweek’s list of America’s Most Trustworthy Companies 2023 is the second annual report of company rankings based on consumer trust.

Through a collaboration with Statista, Newsweek reviewed 3,100 US-based companies with revenue over $500 million. A survey was sent to 25,000 Americans to ask about the companies’ customer treatment, career growth opportunities and investor interest.

Out of 45 food and beverage companies, Hormel ranked 15th.

The company has previously gained recognition for its transparency, sustainability and corporate responsibility. It was named one of America’s Most Responsible Companies for a fourth consecutive year by Newsweek, one of the World’s Top Female-Friendly Companies by Forbes, and one of Barron’s 100 Most Sustainable Companies.

Meanwhile, Perdue Farms recently announced its recognition as one of America’s Most Trustworthy Companies. Perdue ranked 16th among food and beverage businesses.

The complete rankings can be found on Newsweek’s website.