<SEC-DOCUMENT>0001104659-17-070527.txt : 20171128
<SEC-HEADER>0001104659-17-070527.hdr.sgml : 20171128
<ACCEPTANCE-DATETIME>20171127182226
ACCESSION NUMBER:		0001104659-17-070527
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20171127
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171128
DATE AS OF CHANGE:		20171127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HORMEL FOODS CORP /DE/
		CENTRAL INDEX KEY:			0000048465
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				410319970
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02402
		FILM NUMBER:		171223804

	BUSINESS ADDRESS:	
		STREET 1:		1 HORMEL PL
		CITY:			AUSTIN
		STATE:			MN
		ZIP:			55912-3680
		BUSINESS PHONE:		(507) 437-5611

	MAIL ADDRESS:	
		STREET 1:		1 HORMEL PLACE
		CITY:			AUSTIN
		STATE:			MN
		ZIP:			55912-3680

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HORMEL GEO A & CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a17-27596_18k.htm
<DESCRIPTION>8-K
<TEXT>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">UNITED STATES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Washington, D. C. 20549</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Pursuant to Section&nbsp;13 or 15 (d)&nbsp;of</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">the Securities Exchange Act of 1934</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Date of Report (Date of earliest event reported)&#160;&#160; <b>November&nbsp;27, 2017</b></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">HORMEL FOODS CORPORATION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(Exact name of registrant as specified in its charter)</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">41-0319970</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(State or Other<br>   Jurisdiction of<br>   Incorporation)</font></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(Commission File<br>   Number)</font></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(IRS Employer<br>   Identification<br>   Number)</font></p>    </td>   </tr>  </table>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">1 Hormel Place</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Austin, MN&#160; 55912</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(Address of Principal Executive Office)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Registrant&#146;s telephone number, including area code:&#160; (507) 437-5611</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">[&#160; ] Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">[&#160; ] Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">[&#160; ] Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">[&#160; ] Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" color="black" face="Times New Roman" style="color:black;font-size:12.0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&nbsp;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&nbsp;12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" color="black" face="Times New Roman" style="color:black;font-size:12.0pt;">Emerging growth company&#160;&#160; </font><font size="3" style="font-size:12.0pt;">[&#160; ]</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" color="black" face="Times New Roman" style="color:black;font-size:12.0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a)&nbsp;of the Exchange Act. </font><font size="3" style="font-size:12.0pt;">[&#160; ]</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Section&nbsp;2 &#150; FINANCIAL INFORMATION</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Item 2.01&#160; <u>Completion of Acquisition or Disposition of Assets</u></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">On November&nbsp;27, 2017, Hormel Foods Corporation (the Company) completed the previously announced acquisition of Columbus Manufacturing,&nbsp;Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">The purchase price is approximately $850 million.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Section&nbsp;7 &#150; REGULATION FD</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Item 7.01 <u>Regulation FD Disclosure</u></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">On November&nbsp;27, 2017, the Company issued a press release announcing the closing of the acquisition of Columbus Manufacturing,&nbsp;Inc., an authentic, premium deli meat and salami company. </font><font size="3" style="font-size:12.0pt;">&#160;A copy of the press release is furnished as Exhibit&nbsp;99 to this Form&nbsp;8-K and is incorporated herein by reference.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Section&nbsp;8 &#150; OTHER EVENTS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Item 8.01 <u>Other Events</u></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">On November&nbsp;27, 2017, in connection with the closing of the acquisition, the Company issued a press release to also provide updated guidance for fiscal year 2018.</font><font size="3" style="font-size:12.0pt;"> &#160;A copy of the press release is furnished as Exhibit&nbsp;99 to this Form&nbsp;8-K and is incorporated herein by reference.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Section&nbsp;9 &#150; FINANCIAL STATEMENTS AND EXHIBITS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Item 9.01 <u>Financial Statements and Exhibits</u></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 9.0pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(d)&#160;&#160;&#160; Exhibits furnished pursuant to Items 7.01 and 8.01</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><a href="a17-27596_1ex99.htm#Exhibit99_020616" title="Click to goto "><font size="3" style="font-size:12.0pt;">Press   release issued November&nbsp;27, 2017</font></a></font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" style="font-size:12.0pt;">2</font><a name="PB_2_020310_1226"></a></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><u><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">SIGNATURES</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><b><u><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">HORMEL FOODS CORPORATION</font></u></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Dated:   <u>November&nbsp;27, 2017</u></font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">By</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><u><font size="3" face="Times New Roman" style="font-size:12.0pt;">/s/   JAMES P. SNEE</font></u></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">JAMES   P. SNEE</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Chairman   of the Board, President and</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Dated: <u>November&nbsp;27,   2017</u></font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><u><font size="3" face="Times New Roman" style="font-size:12.0pt;">/s/ JAMES N. SHEEHAN</font></u></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">JAMES N. SHEEHAN</font></p>    </td>   </tr>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Exhibit&nbsp;99</font></b><a name="Exhibit99_020616"></a></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">FOR IMMEDIATE   RELEASE</font></b></p>    </td>
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<p align="center" style="background:white;margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Arial" style="font-size:12.0pt;font-weight:bold;">HORMEL FOODS ANNOUNCES CLOSING OF ACQUISITION OF COLUMBUS MANUFACTURING</font></b><b><font size="3" color="#222222" face="Arial" style="color:#222222;font-size:12.0pt;font-weight:bold;"> INC., MAKER OF COLUMBUS</font></b><b><font size="1" color="#222222" face="Arial" style="border:none windowtext 1.0pt;color:#222222;font-size:8.0pt;font-weight:bold;padding:0in;position:relative;top:-4.0pt;">&#174;</font></b><b><font size="3" color="#222222" face="Arial" style="color:#222222;font-size:12.0pt;font-weight:bold;">&nbsp;CRAFT MEATS</font></b></p>
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<p align="center" style="background:white;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" color="#222222" face="Arial" style="color:#222222;font-size:10.0pt;font-style:italic;">Fiscal 2018 Sales and Earnings Guidance Increased</font></i></p>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">AUSTIN, Minn.</font></b><font size="2" face="Arial" style="font-size:11.0pt;"> (November&nbsp;27, 2017) &#151; Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of <font style="background:white;">Columbus Manufacturing,&nbsp;Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments. The addition of the <i>Columbus</i></font></font><i><font size="1" face="Arial" style="background:white;font-size:7.0pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><font size="2" face="Arial" style="background:white;font-size:11.0pt;">&#160;brand further strengthens Hormel Foods&#146; position as a total deli solutions provider while enhancing its other strong deli brands such as&nbsp;<i><font color="#222222" style="border:none windowtext 1.0pt;color:#222222;font-style:italic;padding:0in;">Hormel</font></i></font><i><font size="1" color="#222222" face="Arial" style="background:white;border:none windowtext 1.0pt;color:#222222;font-size:7.0pt;font-style:italic;padding:0in;position:relative;top:-3.0pt;">&#174;</font></i><font size="2" face="Arial" style="background:white;font-size:11.0pt;">,&nbsp;<i><font color="#222222" style="border:none windowtext 1.0pt;color:#222222;font-style:italic;padding:0in;">Jennie-O</font></i></font><i><font size="1" color="#222222" face="Arial" style="background:white;border:none windowtext 1.0pt;color:#222222;font-size:7.0pt;font-style:italic;padding:0in;position:relative;top:-3.0pt;">&#174;</font></i><font size="2" face="Arial" style="background:white;font-size:11.0pt;">,&nbsp;<i><font color="#222222" style="border:none windowtext 1.0pt;color:#222222;font-style:italic;padding:0in;">Applegate</font></i></font><i><font size="1" color="#222222" face="Arial" style="background:white;border:none windowtext 1.0pt;color:#222222;font-size:7.0pt;font-style:italic;padding:0in;position:relative;top:-3.0pt;">&#174;</font></i><font size="2" face="Arial" style="background:white;font-size:11.0pt;">, and&nbsp;<i><font color="#222222" style="border:none windowtext 1.0pt;color:#222222;font-style:italic;padding:0in;">Di Lusso</font></i></font><i><font size="1" color="#222222" face="Arial" style="background:white;border:none windowtext 1.0pt;color:#222222;font-size:7.0pt;font-style:italic;padding:0in;position:relative;top:-3.0pt;">&#174;</font></i><font size="2" face="Arial" style="background:white;font-size:11.0pt;">.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="background:white;font-size:11.0pt;">The purchase price is approximately $850 million. Total annual sales are approximately $300 million with an expected growth rate in excess of 5 percent. Hormel Foods expects this acquisition to be modestly accretive to earnings per share in fiscal 2018.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="background:white;font-size:11.0pt;">&#147;The acquisition of Columbus is the catalyst for uniting all our deli businesses into one group,&#148; said Jim Snee, chairman of the board, president and chief executive officer. &#147;We received regulatory approval faster than anticipated and are excited to start building a stronger, more united deli organization.&#148;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="background:white;font-size:11.0pt;">Subsequent to the closing of the acquisition, Hormel Foods is increasing its fiscal 2018 net sales guidance to $9.7 - $10.1 billion and increasing its earnings per share guidance to $1.62 - $1.72 per share.</font></p>
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<p style="margin:0in 0in .0001pt;"><b><u><font size="2" color="black" face="Arial" style="color:black;font-size:10.0pt;font-weight:bold;">ABOUT HORMEL FOODS - Inspired People. Inspired Food.&#153;</font></u></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" color="black" face="Arial" style="color:black;font-size:10.0pt;">Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across more than 80 countries worldwide. Its brands include <i>Skippy</i></font><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><font color="black" face="Arial" style="color:black;">, SPAM</font><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;position:relative;top:-3.0pt;">&#174;</font><font color="black" face="Arial" style="color:black;">, <i>Hormel</i></font><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><i><font color="black" face="Arial" style="color:black;font-style:italic;">&#160;Natural Choice</font></i><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><i><font color="black" face="Arial" style="color:black;font-style:italic;">, Applegate</font></i><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><i><font color="black" face="Arial" style="color:black;font-style:italic;">, Justin&#146;s</font></i><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><i><font color="black" face="Arial" style="color:black;font-style:italic;">, Wholly Guacamole</font></i><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><i><font color="black" face="Arial" style="color:black;font-style:italic;">, Hormel</font></i><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><i><font color="black" face="Arial" style="color:black;font-style:italic;">&#160;Black Label</font></i><i><font size="1" color="black" face="Arial" style="color:black;font-size:6.5pt;font-style:italic;position:relative;top:-3.0pt;">&#174;</font></i><font color="black" face="Arial" style="color:black;">&#160;and more than 30 other beloved brands. The company is a member of the S&amp;P 500 Index and the S&amp;P 500 Dividend Aristocrats, was named one of &#147;The 100 Best Corporate Citizens&#148; by Corporate Responsibility Magazine for the ninth year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. Inspired Food.&#153; - focusing on its legacy of innovation. For more information, visit </font><font color="blue" face="Arial" style="color:blue;">www.hormelfoods.com</font><font face="Arial">  <font color="black" style="color:black;">and </font><font color="blue" style="color:blue;">http://csr.hormelfoods.com/</font><font color="black" style="color:black;">.</font></font></p>
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<p style="margin:0in 0in .0001pt;"><b><u><font size="2" color="black" face="Arial" style="color:black;font-size:10.0pt;font-weight:bold;">FORWARD-LOOKING STATEMENTS</font></u></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" color="black" face="Arial" style="color:black;font-size:10.0pt;">This news release contains forward-looking information based on management&#146;s current views and assumptions. Actual events may differ materially. Please refer to the cautionary statement regarding Forward-Looking Statements and Risk Factors which appear on pages&nbsp;32 - 39 in the company&#146;s Form&nbsp;10-Q for the quarter ended July&nbsp;30, 2017, which can be accessed at </font><font color="blue" face="Arial" style="color:blue;">www.hormelfoods.com</font><font color="black" face="Arial" style="color:black;"> under &#147;Investors-SEC Filings.&#148;</font></p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
