secwatch.observer — SEC 8-K summary
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Issuer:     HORMEL FOODS CORP /DE/ (HRL)
CIK:        0000048465
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000048465-23-000005
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Hormel Foods recasts historical segment data to reflect new three-segment structure effective Q1 FY2023
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- New reportable segments: Retail, Foodservice, International; replaces prior four-segment structure.
- Recast unaudited data for FY2021 and FY2022 provided; no impact on previously reported consolidated results.
- Retail segment includes MegaMex Foods joint venture; International includes international JVs and royalties.
- Historical segment profit and net sales recast for comparability; chief operating decision maker uses new segments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48465/000004846523000005/0000048465-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48465/000004846523000005/hrl-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000048465-23-000005

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