Key Takeaways Hormel's Transform and Modernize initiative delivered 90 projects, boosting Q3 results.Hormel's T&M strategy spans supply-chain moves, facility changes and modernizing iconic brands.The program targets $100-$150M in 2025 gains, helping offset rising pork and beef costs.Hormel Foods Corporation ((HRL) is leaning heavily on the multi-year Transform and Modernize (T&M) initiative to reshape itself for long-term profitability. While commodity inflation dented margins in the third quarter of fiscal ...