Hormel Foods Appoints Domenic Borrelli as EVP of Retail to Drive Brand Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: PRnewswire
- Executive Appointment: Hormel Foods Corporation announced the appointment of Domenic Borrelli as Executive Vice President of Retail effective February 23, 2026, overseeing several of the company's well-known consumer brands, which is expected to drive growth in the retail sector.
- Extensive Experience: Borrelli brings over 25 years of experience in the food and beverage industry, having served as President of Beverage Creations at Danone North America, where he successfully led a portfolio of brands and demonstrated strong market-driving capabilities.
- Strategic Direction: Hormel Foods President John Ghingo stated that Borrelli's addition will provide clear strategic direction for the retail business and drive performance growth by staying close to consumers, further solidifying the company's market position.
- Educational Background: Borrelli holds an MBA from the Schulich School of Business at York University and a bachelor's degree from York University, and has served on the boards of various industry associations, showcasing his influence and expertise in the sector.
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Analyst Views on HRL
Wall Street analysts forecast HRL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HRL is 27.40 USD with a low forecast of 26.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 24.600
Low
26.00
Averages
27.40
High
30.00
Current: 24.600
Low
26.00
Averages
27.40
High
30.00
About HRL
Hormel Foods Corporation is a global-branded food company. The Company develops, processes, and distributes a range of food products in a variety of markets. Its segments include Retail, Foodservice, and International. The Retail segment is primarily engaged in the processing, marketing, and sale of food products sold predominantly in the retail market. This segment also includes the Company’s MegaMex Foods, LLC joint venture. The Foodservice segment consists primarily of the processing, marketing, and sale of food products to foodservice, convenience store, and commercial customers located in the United States. The International segment processes, markets, and sells its products internationally. This segment also includes the results from the Company’s international joint ventures, international equity method investments, and international royalty arrangements. It has a global presence within several major international markets, including Australia, Brazil, Canada, China, and England.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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