Who Owns Lloyd's Barbeque?
Lloyd's Barbeque is owned by Hormel Foods Corporation, the publicly traded food company headquartered in Austin, Minnesota. Lloyd's is Hormel's refrigerated barbecue brand, selling fully cooked ribs, pulled pork, shredded chicken, and shredded beef in sauce-packed tubs for heat-and-eat meals.
Lloyd's Barbeque Timeline
Who Owns Lloyd's Barbeque?
- Parent Company: Hormel Foods
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NYSE: HRL
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Lloyd's Barbeque | Hormel Foods | Wholly owned |
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History of Lloyd's Barbeque
- Founded: 1978
- Founders: Lloyd's Barbeque Company
Lloyd's Barbeque Company built its name on slow-cooked, sauce-covered ribs sold in plastic tubs in the grocery refrigerated case, making restaurant-style barbecue a home meal long before meal kits existed. Hormel acquired the brand and made it the anchor of its refrigerated prepared meats business.
Under Hormel, the line expanded beyond ribs to pulled pork, shredded chicken, shredded beef, and burnt ends, all sold fully cooked with sauce included. The tub format became the category standard, and Lloyd's extended into shredded-meat varieties positioned for sandwiches and quick dinners.
About Hormel Foods
Is Hormel Foods publicly traded?
Yes, Hormel Foods trades on the New York Stock Exchange under ticker HRL and is included in the S&P 500 Index and the S&P 500 Dividend Aristocrats. The company is widely held by institutional and individual investors.
Who is the CEO of Hormel Foods?
John Ghingo was named CEO effective October 26, 2026, succeeding interim CEO Jeff Ettinger. Ghingo previously served as president of Hormel Foods since July 2025. Jim Snee, who had been CEO since 2016, stepped down in 2025. Ettinger, a former Hormel CEO from 2005 to 2016, returned as interim CEO in July 2025.
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Who founded Hormel Foods?
Hormel Foods was founded in 1891 by George A. Hormel in Austin, Minnesota. The company became publicly traded in 1928.
What is Hormel's annual revenue?
For fiscal year 2025 (ended October 26, 2025), Hormel reported net sales of $12.1 billion, up 2% year-over-year with organic growth of 2%. Adjusted operating income was $1.02 billion and adjusted diluted EPS was $1.37. For fiscal 2026, the company expects net sales of $12.2 to $12.5 billion.
Does Hormel own SPAM?
Yes, SPAM is Hormel's most iconic product. The canned pork product was introduced in 1937 and remains popular globally, particularly in Hawaii, Guam, South Korea, and other Pacific regions. SPAM is one of the company's key growth drivers internationally.
What brands does Hormel own?
Hormel owns more than 40 brands including SPAM, Skippy peanut butter, Jennie-O turkey products, Planters nuts, Applegate natural and organic meats, Columbus Craft Meats, Wholly guacamole, Fontanini Italian meats, Hormel Black Label bacon, Dinty Moore stew, and Hormel Chili. The Justin's brand was placed into a joint venture in 2025.
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Does Hormel pay dividends?
Yes, Hormel has increased its dividend for 60 consecutive years, making it a member of the S&P 500 Dividend Aristocrats. The annualized dividend rate is $1.17 per share. In FY2025, the company returned a record $633 million to shareholders in dividends.
- Founded: 1891
- Headquarters: Austin, Minnesota, USA
- Company Type: Publicly Traded
- Stock: NYSE: HRL
- Revenue: $12.1 billion (FY2025, ended October 26, 2025)
- Employees: Approximately 20,000
Where Is Lloyd's Barbeque Made / Based?
- Headquarters: Austin, Minnesota, USA
- Manufacturing / Operations: United States
Lloyd's Barbeque Categories & Tags
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Lloyd's Barbeque Ownership: Pros & Cons
Advantages
- +Category leadership in refrigerated barbecue with weak branded competition.
- +Hormel's meat sourcing and cooking capacity supports the fully cooked format at scale.
- +The product fits Hormel's prepared-foods strategy of selling convenience meals, not just ingredients.
Considerations
- -The refrigerated tub limits distribution to stores with adequate cold case space.
- -Perishable format has higher spoilage and supply-chain cost than Hormel's shelf-stable lines.
Sources & Further Reading
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Competitors to Lloyd's Barbeque
No direct competitors found in the same category. This could be because Lloyd's Barbequeoperates in a unique market segment or we're still building our competitor database.
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Hormel Foods Stock Information
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