This founder went from waiting tables to selling his peanut butter company for $281 million: It ‘blew my mind' [CNBC]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: CNBC
“I'm on a mountain bike ride right here in Boulder, [Colorado], and I'm eating an energy gel [packet],” Gold told CNBC in a recent interview. “And I was curious why you couldn't put peanut butter or almond butter in that same type of squeeze pack and have an on-the-go, plant-based protein experience like an energy bar.” Gold had been selling nut butters at a popular farmer's market in Boulder for two years by that point. He'd landed a coveted placement in the local Whole Foods Market, too. But at the time, consumers still gravitated toward a handful of traditional peanut butter brands. Almond butter wasn't particularly popular yet, much less the flavor combinations Justin's was selling, like maple almond or chocolate hazelnut. So, despite positive feedback from customers, Justin's had yet to turn a profit — and Gold was still waiting tables and working a retail job to make ends meet, he said. Within two years of introducing nut butters in tiny pouches, Justin's was profitable
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HRL
News
- Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli Products [Yahoo! Finance]Yahoo! Finance
- Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli ProductsPR Newswire
- Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative AffairsPR Newswire
- With Summertime Parties on the Horizon, the Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray [Yahoo! Finance]Yahoo! Finance
HRL
Earnings
- 2/29/24 - Beat
HRL
Sec Filings
- 4/8/24 - Form 144
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- HRL's page on the SEC website