Hormel Foods 2015 Annual Report Download - page 12

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10
Grocery Products
2015 Net sales
$1,617.7 million (17% of total)
2015 Operating profi t
$239.1 million (21% of total)*
Our Grocery Products portfolio
features some of America’s
favorite and most trusted
brands, offering convenient,
delicious foods for every meal
occasion. Items such as SKIPPY®
peanut butter, SKIPPY® P.B.
Bites, Hormel® chili, the SPAM®
family of products, Hormel®
Compleats® microwaveable
meals, Hormel® bacon toppings,
and Hormel® Mary Kitchen® hash
are included in this segment’s
portfolio along with Herdez® and
CHI-CHI’S® salsas and foods
and Wholly Guacamole® dips.
Refrigerated Foods
2015 Net sales
$4,372.3 million (47% of total)
2015 Operating profi t
$425.0 million (38% of total)
No matter the eating occa-
sion, the Refrigerated Foods
line-up of products has the
brands to deliver fl avor, value,
and convenience. Trusted
brands include all-natural
Hormel® Natural Choice® meats,
Hormel® Cure 81® hams, Hormel®
pepperoni, Hormel® REV®
wraps, Hormel® refrigerated
entrees, Hormel® side dishes,
Hormel® Black Label® bacon,
Hormel Gatherings® party trays,
and Lloyd’s® barbeque ribs. In
2015, we acquired Applegate®,
the No.1 brand of natural and
organic meats, to meet the
growing consumer demand for
items with these attributes.
At a glance
Five segments make up
the balanced business
model that continues
to propel Hormel Foods
fi nancial performance.
Grocery Products,
Refrigerated Foods,
Jennie-O Turkey Store,
Specialty Foods, and
International & Other
allow us to provide a
wide array of delicious
and convenient meal
and snacking solutions
that meet the changing
needs of our customers,
foodservice operators,
and consumers.
■ Grocery Products 17%
■ Refrigerated Foods 47%
■ Jennie-O Turkey Store 18%
■ Specialty Foods 12%
■ International & Other 6%
2015
Net sales
* Non-GAAP number—See reconciliation
of non-GAAP adjusted measures to GAAP
measures on page 17.