Supermarket Perimeter - October 2024 - 35

to show operators how to easily create dishes that will satisfy any
meat lover. "
Smithfield Smoke'NFast offers a line of cooked and smoked meats
that require minimal prep time and equipment, the company said. The
products are available pre-sauced and without sauce to give retailers
the option to add their own sauces and seasonings in-store.
" The Smoke'NFast lineup includes pit-master approved barbecue
favorites as well as global flavors, including carnitas, barbacoa and osso
buco, " Smithfield said.
Hormel sees growth in barbecue products
Austin, Minn.-based Hormel Foods Corporation reported in its third
quarter of fiscal 2024, ended July 28, that the company made progress
in executing several strategic priorities. One of the top priorities listed
was to drive focus and growth in Hormel's retail business. This included
its Lloyd's barbecue line, which Hormel said grew in both volume and
dollar sales in the quarter. Hormel's Lloyd's line includes the following
retail products:
* Seasoned & Smoked St. Louis Style Spareribs in Original BBQ Sauce
* Seasoned & Smoked Baby back Ribs in Original BBQ Sauce
* Seasoned & Shredded Pork in Original BBQ Sauce
* Seasoned & Shredded Beef in Original BBQ Sauce
* Seasoned & Shredded Chicken in Original BBQ Sauce
Key brands like Lloyd's partially offset the declines the retail category
saw from volume and pricing declines for whole bird turkeys and lower
sales of Planters snack nuts, Hormel said.
" We delivered solid third-quarter results and another quarter of
better-than-expected earnings, " said Jim Snee, chairman of the board,
president and chief executive officer. " Many of our key retail brands
are growing, outperforming their categories and, most importantly,
resonating with our customers and consumers. Our foodservice
business continued to deliver above-industry growth, highlighting the
importance of our solutions-based portfolio, direct selling team, and
diverse customer and operator base. We again experienced significant
recovery in our international segment, led by our global brands. Lastly,
we continued to realize growing benefits from our transform and
modernize initiative, creating impactful improvements across our
supply chain. "
Hormel reported a strong quarter of volume and net sales growth in
foodservice. Volume was up 2%, and net sales were up 7%. Its premium
prepared proteins category was a
primary driver of the foodservice
growth, Hormel said.
" Premium prepared proteins
continue to offer solutions-based
options to our operators. Our
newest items - Hormel Flash 180
sous vide-style chicken breast
and Hormel Fire Braised loin back
ribs - both contributed growth
this quarter. "
The Flash 180 Battered Sous
Vide Chicken is a versatile
product that retail prepared foods
In-store BBQ counter
Tina Lee, CEO of Canadian retailer T&T
Supermarkets, is hopeful T&T's flagship US
location in Bellevue, Wash., will be ready to open
by the end of this year. In the meantime, T&T
has already shared plans for a second location
expected to open in 2025 in Lynnwood, Wash.,
along with a third US store in San Jose, Calif.
The San Jose location will feature a BBQ counter,
noodle station, dim sum and street food section, hot
food bar, and a made to order Chinese crepe station.
" We aim to create a destination, " Lee said.
" It's a place for discovery, innovation, and
bringing people together through food. We
want to evolve our grocery store beyond the
functional - we want to be the place where
people want to go, not just need to go. "
departments can use in ready-to-eat meal kits with their own barbecue
sauces and sides.
" Our homestyle batter allows for complete creative customization
with spices, seasonings and sauces, " Hormel Foodservice said. " Lock
in flavor and moisture while keeping things clean and crispy, thanks to
our innovative process that cooks the chicken sous vide while in a tasty
homestyle batter. "
The new Fire Braised Loin Back Pork Ribs are also customizable.
Hormel said they are lightly seasoned so a signature barbecue sauce
can be added.
" Fully cooked, Loin Back Pork Ribs that are seared to caramelize the
exterior and develop flavor, " Hormel said. " It is then slow-cooked in its
own natural juices until it is tender, moist and delicious. "
Hormel is also on top of the international barbecue trend with its
suggested use for the Fire Braised Loin Back Pork Ribs including a
Barbacoa Burrito Bowl and Pork Al Pastor Street Tacos. These menu
ideas and more can be found at HormelFoodservice.com.
Snee said the Hormel team is focused on continuing progress with
the company's strategic priorities through the end of the year. The team
expects to see continued momentum across key retail brands such as
Lloyd's and growth within foodservice.
supermarketperimeter.com
OCTOBER 2024 - 35
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Supermarket Perimeter - October 2024

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