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Hormel Foods CEO Jim Snee: Our legacy brands resonate with consumersHormel Foods President and CEO Jim Snee joins 'Mad Money' host Jim Cramer to talk customer trends, quarterly results, the impact of weight-loss drugs and more.
Persons: Jim Snee, Jim Cramer Organizations: Hormel, Hormel Foods
Hormel Foods CEO Jim Snee goes one-on-one with Jim Cramer
  + stars: | 2024-02-29 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHormel Foods CEO Jim Snee goes one-on-one with Jim CramerHormel Foods President, Chair and CEO Jim Snee joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, high performing products, and more.
Persons: Jim Snee, Jim Cramer Hormel, Jim Cramer Organizations: Hormel, Jim Cramer Hormel Foods
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've changed our advertising strategy for Planters, says Hormel Foods' CEO Jim SneeHormel Foods President, Chair and CEO Jim Snee joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, high performing products, and more.
Persons: Jim Snee Hormel, Jim Snee, Jim Cramer Organizations: Planters, Jim Snee Hormel Foods
Hormel Foods CEO Jim Snee told CNBC's Jim Cramer on Thursday that his company is set up to do well as weight-loss drugs gain popularity, citing a varied "protein portfolio." Hormel Foods is known for brands like Planters, Skippy, Justin's and Spam. According to Snee, Hormel's protein products appeal to most consumers, as the company offers "affordable protein," "indulgent protein," "natural and organic protein," as well as meat and "non-meat" protein. The company has a variety of flavored Spam products, with maple Spam as its newest iteration. "We've got a couple of really neat flavors still yet to come in the next year or so," Snee said.
Persons: Jim Snee, CNBC's Jim Cramer, Snee, Hormel, We've Organizations: Hormel, Planters
This has spurred export bans, lowered egg and turkey production, and contributed to record prices of the staples ahead of the U.S. holiday season. Europe is already suffering its worst avian flu crisis, with nearly 50 million poultry culled. The United States is monitoring wild birds for avian flu in four migration paths known as flyways, up from two previously, and plans to do the same next year. "This virus could be present in wild birds for the foreseeable future," Sifford said. Minnesota-based Hormel Foods Corp (HRL.N), owner of the Jennie-O Turkey Store brand, said it expects avian flu to reduce its turkey production at least through March 2023.
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