Shares of Hormel Foods Corp (NYSE:HRL) ended Wednesday session in red amid volatile trading. The shares closed down -0.19 points or -0.53% at $36.91 with 3.17 million shares getting traded. Post opening the session at $37.06, the shares hit an intraday low of $36.75 and an intraday high of $37.15 and the price vacillated in this range throughout the day. The company has a market cap of $19.05 billion and the numbers of outstanding shares have been calculated to be 529.20 million shares.
Hormel Foods Corp (HRL) announced several leadership appointments. James M. Splinter has been appointed to the position of group vice president, corporate strategy. In this new role, Splinter will have responsibility for leading the company’s strategic growth areas including innovation, corporate development and strategy, consumer insights and building the company’s digital and e-commerce capabilities across the enterprise. Splinter will report to James P. Snee, president and chief operating officer who will assume the post of chief executive officer on October 31.
“The growth of Hormel Foods is a product of our continued focus on our formula for success as we grow our portfolio of leading consumer brands, accelerate innovation, complete evolutionary acquisitions and build our balanced portfolio,” said Snee.
“Jim Splinter has led impressive growth in our Grocery Products segment by expanding our legacy product portfolio, heading up the recent acquisitions of the SKIPPY® and Justin’s® brands and overseeing our MegaMex Foods joint venture. In this new role, Jim will be focused on enhancing our business model, both organically and through strategic acquisitions, across our entire portfolio. He will also provide visionary leadership for our e-commerce capabilities, working closely with our customers to ensure that consumers have access to our products around the world, right from their devices.”
Shares of Hanesbrands Inc. (NYSE:HBI) ended Wednesday session in green amid volatile trading. The shares closed up +0.02 points or 0.08% at $25.51 with 3.20 million shares getting traded. Post opening the session at $25.55, the shares hit an intraday low of $25.48 and an intraday high of $25.89 and the price vacillated in this range throughout the day. The company has a market cap of $9.64 billion and the numbers of outstanding shares have been calculated to be 377.80 million shares.
Hanesbrands Inc. (HBI) designs, manufactures, sources, and sells various basic apparels for men, women, and children in the United States. The company operates through four segments: Innerwear, Activewear, Direct to Consumer, and International. It sells bras, panties, shapewears, hosiery, mens underwear, childrens underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores and other channels.