Hormel Customers Are More 'Plant Curious' Than in the Past, CEO Says

The transcript discusses consumer trends, focusing on the balance between iconic and new brands, and the growing interest in plant-based proteins. It highlights the company's strategic moves in ethnic foods and organic meats, and the impact of geopolitical issues on Spam's market. The popularity of Pumpkin Spice Spam is also explored, showcasing its unexpected demand and media attention.

What is the company's strategy regarding their brand portfolio?

• Focus solely on iconic brands

• Eliminate older brands

• Only invest in new brands

• Balance iconic brands with new additions

What is the company's approach to plant-based proteins?

• They are not interested in plant-based proteins

• They are focusing on meeting consumer demand for plant-based options

• They are only interested in meat-based products

• They are phasing out plant-based products

How is the company addressing changing eating trends?

• By focusing on ethnic foods and demographic changes

• By ignoring them

• By reducing their product range

• By only offering traditional products

What is the company's stance on natural and organic products?

• They are phasing out natural products

• They are focused on aligning products with consumer needs

• They are only interested in synthetic products

• They are not interested in natural and organic products

How has the introduction of Spam in China been received?

• It has been banned

• It has been poorly received

• It has had no impact

• It has exceeded expectations

What was the consumer reaction to the pumpkin spice Spam?

• It was ignored

• It was highly popular and sold out quickly

• It was criticized

• It was banned

What impact have trade issues had on the company's Spam production?

• No impact due to local production

• Significant impact

• Complete halt in production

• Increased costs