secwatch.observer — SEC 8-K summary
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Issuer:     HORMEL FOODS CORP /DE/ (HRL)
CIK:        0000048465
Form:       8-K/A
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0000048465-21-000046
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hormel files audited FY2020 financials for acquired Planters business; net sales $1.06B, net income $77.5M
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- Planters FY2020 net sales $1,060.8M, net income $77.5M, operating income $99.1M.
- Gross profit $304.6M; intangible asset impairment losses $13.8M.
- Walmart represented ~40% of net sales in 2020.
- Financial statements prepared under allocation methods; standalone results may differ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48465/000004846521000046/0000048465-21-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48465/000004846521000046/hrl-20210607.htm
  HTML page:      https://secwatch.observer/filing/0000048465-21-000046

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