Hormel: Time will heal these wounds Hormel Foods (NYSE: HRL) is a food maker that's struggling today. Inflation, a broader industry headwind, is particularly problematic at the moment with price hikes in the fiscal first quarter of 2023 (ended Jan. 29) more than offset by an 11% volume decline. And you can collect a historically high yield while you wait for things to get better, potentially making it an attractive growth and income play.