Hormel Foods Corporation

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Company Name	Hormel Foods Corporation
Stock Symbol	HRL

On October 12, 2023, the United Food and Commercial Workers International Union announced workers for Hormel in Minnesota, Georgia, Wisconsin and Iowa voted to ratify a new labor contract that includes "the largest wage increases in the company's history." On that day, Hormel held an investor event and issued its financial targets which “outline[d] updated strategic priorities” and updated its long-term forecast, projecting sales growth in the low-to-mid single digits, and long-term earnings per share growth in the high single digits.

On this news, Hormel’s stock price fell $3.33, or 9.8%, to close at $32.40 per share on October 12, 2023, thereby injuring investors.

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If you suffered a loss on your Hormel Foods Corporation investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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