USA – Hormel Foods Corp. has rolled out a new addition to its Hormel Black Label lineup: the Oven Ready Thick Cut bacon.
The product, designed for convenience, comes in an oven-safe tray and offers consumers eight fully cooked slices of thick-cut bacon.
Aly Sill, senior brand manager for Hormel Black Label Bacon, stated that the company’s goal was to simplify the cooking process for their well-known bacon product.
“Our oven-ready bacon makes it easier for customers to enjoy the signature flavor of Hormel Black Label Bacon without the hassle,” Sill said.
The product requires only a preheated oven and about 20 minutes of cooking time to achieve the desired level of crispiness.
The included disposable tray minimizes cleanup after cooking, adding another layer of convenience.
According to Hormel, the bacon is versatile enough for use in a variety of meals, including breakfast, snacks, or as a topping for other dishes.
Hormel Black Label Oven Ready Thick Cut Bacon is currently available at select retailers across the country, with plans for wider distribution in 2025.
This news comes a few weeks after partnering with Cinnamon Toast Crunch, Hormel Foods launched a new product combining its Black Label Bacon with the cereal’s signature “Cinnadust” seasoning.
This sweet-and-savory creation features thick-cut bacon hand-rubbed with a cinnamon-sugar mix, which is left overnight to enhance the flavors.
The limited-edition bacon will be available at select Walmart stores starting September 16.
Hormel Foods Corp., based in Austin, Minnesota, is a global food company with annual revenues exceeding US$12 billion.
In its third-quarter fiscal 2024 report, Hormel Foods posted earnings per share (EPS) of US$0.40, falling short of market expectations.
The company also recorded a 2.3% decline in net sales, amounting to US$2.96 billion, and a net income of US$162.7 million for the quarter.
Despite aligning with EPS projections, Hormel’s quarterly revenue of US$2.9 billion missed analysts’ estimates, representing a 2.2% decrease.
Following the disappointing financial results, Hormel’s stock dropped by over 7%, contributing to the company’s negative performance for the year.
In response, the company revised its full-year revenue forecast, reducing it to a range of US$11.8 billion to US$12.1 billion, down from the previous projection of US$12.2 billion to US$12.5 billion.
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