Hormel Foods 2011 Annual Report Download - page 66

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10%
E Printed on recycled paper. Please recycle.
This report was printed using soy-based inks. Cover
and pages 1-12 contain 10% total recovered fiber/all
post-consumer waste, FSC® Certified Fiber. Pages
13-62 contain 30% total recovered fiber/all post-
consumer waste, FSC® Certified Fiber.
Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912-3680
Performance
Achieve financial objectives
• Revenue growth of 5% per year
• Operating income growth of 10%
per year
• $2 billion of new product sales by 2012
• Enhance our balanced model
Process
Pursue continuous improvement
• Set the industry “gold standard” in
operational excellence
• Maintain leadership in food safety,
employment safety and animal welfare
• Operate on a sustainable basis
People
Leverage organizational support
• Collaborate across operating segments
• Uphold corporate standards in all
regulatory areas
• Strengthen our team through diversity,
inclusion, training and career
development
Products
Accelerate growth in targeted product
categories...
• Convenient meals, sides and enhancers
• Value-added protein products
• Value-added fresh meat and turkey
• Solution products aimed at the food-
service/deli channel
…while serving a global, multicultural
marketplace
Building upon our heritage of innovation and quality, together we will
elevate the everyday experience by making Hormel Foods the favorite
part of any eating occasion.
Mission: Hormel Foods is a leading branded food company with a focus on profitable growth. Inspired by our
founder’s charge to “originate, don’t imitate” we market a balanced portfolio of highly differentiated quality prod-
ucts. We engage our employees by creating an environment where careers are fostered, people make a difference
and integrity is absolute.
To learn more about Our Way, visit www.HormelFoods.com