Hormel CEO Breaks Down Sale of Whole-Bird Turkey Business -- Market Talk

Dow Jones02-27

1254 ET - Hormel Foods is divesting its whole-bird turkey business, a deal interim CEO Jeff Ettinger says on a call with analysts supports the company's goal to reduce exposure to volatile, commodity-driven businesses. "The sale involves the hen side of our turkey complex, which are the female birds that you would typically enjoy during the holidays," Ettinger says. It also includes Hormel's whole-bird production facility and a feed mill, both in Minnesota, as well as associated transportation assets. "The sale will not affect our value-added turkey products, and we will continue to own and use the Jennie-O brand name," Ettinger says. "Value-added turkey will remain a strategic and important part of our growth story." (connor.hart@wsj.com)

(END) Dow Jones Newswires

February 26, 2026 12:54 ET (17:54 GMT)

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