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Our balanced business model is the strategy behind the continuing success of Hormel Foods. Through five segments—Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other—we are able to navigate changes in the industry and market conditions and provide a wide array of delicious and convenient meal and snacking solutions for customers, foodservice operators, and consumers around the globe. 

## Grocery Products 

Our Grocery Products portfolio features some of America’s favorite and most trusted brands, offering convenient, delicious foods for every meal opportunity. Items such as SKIPPY ®  peanut butter, Hormel ®  chili, the SPAM ®  family of products, Hormel ®  Compleats ® microwaveable meals, Hormel ®  bacon toppings, and Hormel ®  Mary Kitchen ®  hash are included in this seg- ment’s portfolio along with Herdez ®  and CHI-CHI’S ® salsas and foods and Wholly Guacamole ®  dips. 

2014 Net sales:  $1,558.3 million (16% of total) 2014 Operating profit:  $195.1 million (20% of total) 

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## Refrigerated Foods 

No matter the eating occasion, the Refrigerated Foods line-up of products has the brands to deliver flavor, value, and convenience. Trusted brands include all- natural Hormel ®  Natural Choice ®  deli meats, Hormel ® Cure 81 ®  hams, Hormel ® pepperoni, Hormel ®  REV ® wraps, Hormel ®  refrigerated entrees, Hormel ®  side dishes, Hormel ®  Black Label ®  bacon, Hormel ® party trays, and Lloyd’s ®  barbeque ribs. By providing con- sumers and foodservice operators with high quality and flavorful options, our refrigerated foods always bring a little something extra to the table. 

2014 Net sales:  $4,644.2 million (50% of total) 2014 Operating profit:  $338.0 million (35% of total) 

