荷美尔食品 2024年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSION FORM11-K [X] For the fiscal year ended December 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 [ ] For the transition period from __________ to __________ Commission file number1-2402 Full title of the plan and the address of the plan, if different from that of the issuer named below: Hormel Foods Corporation Tax Deferred Investment Plan A B.Name of issuer of the securities held pursuant to the plan and the address of its principal executiveoffice: Hormel Foods Corporation1 Hormel PlaceAustin, MN55912507-437-5611 Hormel Foods CorporationTax Deferred Investment Plan A Years Ended December 31, 2024 and 2023 Contents Report of Independent Registered Public Accounting Firm Financial StatementsStatements of Net Assets Available for BenefitsStatements of Changes in Net Assets Available for BenefitsNotes to the Financial Statements Supplemental SchedulesSchedule H, Line 4a– ScheduleofDelinquent Participant ContributionsSchedule H, Line 4i– Schedule of Assets (Held at End of Year) Exhibit23Consent of Independent Registered Public Accounting Firm Report of Independent Registered Public Accounting Firm To the Plan Participants and the Plan Administrator ofHormel Foods Corporation Tax Deferred Investment Plan A Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Hormel Foods CorporationTax Deferred Investment Plan A (the Plan) as of December 31, 2024 and 2023, and the related statements ofchanges in net assets available for benefits for the years then ended, and the related notes (collectively referredto as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express anopinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered withthe Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we planand perform the audit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform,an audit of its internal control over financial reporting. As part of our audits we are required to obtain an Our audits included performing procedures to assess the risks of material misstatement of the financialstatements, whether due to error or fraud, and performing procedures that respond to those risks. Suchprocedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financialstatements. Our audits also included evaluating the accounting principles used and significant estimates made Supplemental Schedule Required by ERISA The accompanying supplemental schedules of assets (held at end of year) as of December 31, 2024, anddelinquent participant contributions for the year then ended (referred to as the “supplemental schedules”), havebeen subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements.The information in the supplemental schedules is the responsibility of the Plan’s management. Our audit Table of Contents presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosureunder the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in /s/ Ernst & Young LLP We have served as the Plan’s auditor since 1986. Minneapolis, MinnesotaMay 22, 2025 Hormel Foods CorporationTax Deferred Investment Plan A Statements of Net Assets Available for Benefits Assets Investments:Investments at fair valueInvestments at contract valueTotal investmentsReceivables: See accompanying notes to the financial statements. Hormel Foods CorporationTax Deferred Investment Plan A Additions:Contributions from employerContributions from participantsEmployee rolloverInterest and dividend incomeInterest income– promissory notes receivableTotal additions Net realized and unrealized appreciation in fair value of investmentsNet additionsNet assets available for benefits at beginning of periodNet assets available for benefits at end of period See accompanying notes to the financial statements. Hormel Foods CorporationTax Deferred Investment Plan A Notes to the Financial Statements December 31, 2024 1. Description of the Plan The following description of the Hormel Foods Corporation Tax Deferred Investment Plan A (the Plan) providesonly general information. Participants should refer to the plan document or summary plan description for a General -The Plan is a defined contribution plan covering certa