See more : Shanghai QiFan Cable Co., Ltd (605222.SS) Income Statement Analysis – Financial Results
Complete financial analysis of Hormel Foods Corporation (HRL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hormel Foods Corporation, a leading company in the Packaged Foods industry within the Consumer Defensive sector.
You may be interested
- Thoresen Thai Agencies Public Company Limited (TTA.BK) Income Statement Analysis – Financial Results
- Heron Lake BioEnergy, LLC (HLBYL) Income Statement Analysis – Financial Results
- BlockQuarry Corp. (BLQC) Income Statement Analysis – Financial Results
- Nakamoto Packs Co.,Ltd. (7811.T) Income Statement Analysis – Financial Results
- 4DS Memory Limited (FRDSF) Income Statement Analysis – Financial Results
Hormel Foods Corporation (HRL)
About Hormel Foods Corporation
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.92B | 12.11B | 12.46B | 11.39B | 9.61B | 9.50B | 9.55B | 9.17B | 9.52B | 9.26B | 9.32B | 8.75B | 8.23B | 7.90B | 7.22B | 6.53B | 6.75B | 6.19B | 5.75B | 5.41B | 4.78B | 4.20B | 3.91B | 4.12B | 3.68B | 3.36B | 3.26B | 3.26B | 3.10B | 3.05B | 3.06B | 2.85B | 2.81B | 2.84B | 2.68B | 2.34B | 2.29B | 2.31B | 1.96B | 1.50B |
| Cost of Revenue | 9.90B | 10.11B | 10.29B | 9.46B | 7.78B | 7.61B | 7.55B | 7.16B | 7.37B | 7.46B | 7.75B | 7.34B | 6.90B | 6.56B | 5.98B | 5.43B | 5.23B | 4.78B | 4.36B | 4.13B | 3.66B | 3.19B | 2.95B | 2.99B | 2.61B | 2.32B | 2.34B | 2.44B | 2.36B | 2.26B | 2.31B | 2.17B | 2.16B | 2.24B | 2.12B | 1.82B | 1.82B | 1.90B | 1.58B | 1.16B |
| Gross Profit | 2.02B | 2.00B | 2.16B | 1.93B | 1.83B | 1.88B | 2.00B | 2.00B | 2.16B | 1.81B | 1.56B | 1.41B | 1.33B | 1.33B | 1.24B | 1.10B | 1.52B | 1.41B | 1.38B | 1.28B | 1.12B | 1.01B | 962.85M | 1.13B | 1.07B | 1.04B | 920.90M | 811.80M | 743.10M | 789.10M | 755.90M | 679.30M | 655.80M | 597.80M | 561.70M | 522.50M | 477.50M | 412.00M | 376.20M | 345.20M |
| Gross Profit Ratio | 16.96% | 16.51% | 17.37% | 16.93% | 19.00% | 19.84% | 20.90% | 21.85% | 22.66% | 19.52% | 16.80% | 16.14% | 16.18% | 16.90% | 17.16% | 16.82% | 22.53% | 22.84% | 24.07% | 23.69% | 23.45% | 24.12% | 24.62% | 27.52% | 29.01% | 31.06% | 28.24% | 24.93% | 23.98% | 25.90% | 24.66% | 23.80% | 23.31% | 21.08% | 20.95% | 22.32% | 20.83% | 17.80% | 19.19% | 22.98% |
| Research & Development | 0.00 | 33.70M | 34.70M | 33.60M | 31.90M | 32.50M | 33.80M | 34.20M | 34.70M | 32.00M | 29.90M | 29.90M | 29.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 748.37M | 721.97M | 714.57M | 637.72M | 596.48M | 686.71M | 626.50M | 667.87M | 598.31M | 536.55M | 537.44M | 502.47M | 0.00 | 0.00 | 0.00 | 178.03M | 162.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 160.10M | 157.30M | 138.50M | 123.60M | 131.10M | 151.50M | 135.60M | 204.10M | 145.30M | 114.40M | 89.90M | 103.40M | 0.00 | 0.00 | 0.00 | 834.29M | 771.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.01B | 908.47M | 879.27M | 853.07M | 761.32M | 727.58M | 838.21M | 762.10M | 871.97M | 743.61M | 650.95M | 627.34M | 605.87M | 618.59M | 605.29M | 567.09M | 1.01B | 934.08M | 937.03M | 864.03M | 768.18M | 708.63M | 652.34M | 834.47M | 737.65M | 737.20M | 677.20M | 590.70M | 578.80M | 568.50M | 532.20M | 491.70M | 475.00M | 429.50M | 407.30M | 377.10M | 344.50M | 291.60M | 271.30M | 237.00M |
| Other Expenses | -51.09M | -14.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -26.76M | 0.00 | 0.00 | 0.00 | 0.00 | -4.55M | 9.99B | -24.52M | -5.89M | -7.74M | 0.00 | 65.89M | 64.70M | 60.30M | 52.90M | 42.70M | 37.20M | 36.60M | 32.20M | 34.30M | 34.70M | 34.30M | 35.70M | 34.30M | 32.50M | 30.70M | 28.10M |
| Operating Expenses | 959.76M | 927.80M | 879.27M | 853.07M | 761.32M | 727.58M | 838.21M | 762.10M | 871.97M | 743.61M | 650.95M | 627.34M | 605.87M | 591.83M | 605.29M | 567.09M | 1.01B | 934.08M | 932.48M | 10.86B | 743.66M | 702.74M | 644.60M | 834.47M | 803.54M | 801.90M | 737.50M | 643.60M | 621.50M | 605.70M | 568.80M | 523.90M | 509.30M | 464.20M | 441.60M | 412.80M | 378.80M | 324.10M | 302.00M | 265.10M |
| Cost & Expenses | 10.85B | 11.04B | 11.17B | 10.31B | 8.54B | 8.34B | 8.39B | 7.93B | 8.24B | 8.20B | 8.40B | 7.97B | 7.50B | 7.15B | 6.59B | 6.00B | 6.25B | 5.71B | 5.29B | 14.99B | 4.40B | 3.89B | 3.59B | 3.82B | 3.41B | 3.12B | 3.08B | 3.09B | 2.98B | 2.86B | 2.88B | 2.70B | 2.67B | 2.70B | 2.56B | 2.23B | 2.19B | 2.23B | 1.89B | 1.42B |
| Interest Income | 48.40M | 14.83M | 28.01M | 46.88M | 35.60M | 31.52M | 8.86M | 10.86M | 6.19M | 2.93M | 3.24M | 4.97M | 6.52M | 0.00 | 4.57M | 19.56M | 0.00 | 13.62M | 0.00 | 8.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 80.89M | 73.40M | 62.52M | 43.31M | 21.07M | 18.07M | 26.49M | 12.68M | 12.87M | 13.11M | 12.70M | 12.45M | 12.86M | 23.45M | 26.59M | 28.00M | 56.13M | 27.71M | 20.17M | 27.74M | 0.00 | 21.08M | 24.28M | 15.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 114.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.50M | 0.00 | 5.40M |
| Depreciation & Amortization | 257.76M | 253.31M | 262.75M | 228.41M | 205.78M | 165.21M | 161.86M | 130.98M | 131.97M | 133.43M | 130.04M | 124.85M | 119.49M | 124.17M | 125.59M | 127.14M | 126.19M | 126.74M | 121.10M | 115.19M | 94.75M | 88.02M | 83.24M | 90.19M | 65.89M | 64.70M | 60.30M | 52.90M | 42.70M | 37.20M | 36.60M | 32.20M | 34.30M | 34.70M | 34.30M | 35.70M | 34.30M | 32.50M | 30.70M | 28.10M |
| EBITDA | 1.36B | 1.31B | 1.60B | 1.40B | 1.34B | 1.39B | 1.30B | 1.37B | 1.42B | 1.21B | 1.06B | 935.81M | 890.69M | 866.45M | 776.73M | 680.12M | 639.85M | 624.28M | 577.28M | 551.79M | 475.12M | 398.43M | 401.49M | 390.50M | 330.96M | 305.60M | 243.70M | 221.10M | 164.30M | 220.60M | 223.70M | 187.60M | 180.80M | 168.30M | 154.40M | 145.40M | 133.00M | 120.40M | 104.90M | 108.20M |
| EBITDA Ratio | 11.38% | 10.83% | 12.87% | 12.28% | 13.96% | 14.67% | 14.53% | 15.52% | 15.36% | 13.23% | 11.43% | 10.69% | 10.82% | 10.97% | 10.94% | 10.43% | 9.47% | 10.08% | 9.95% | -174.75% | 9.50% | 9.49% | 10.27% | 9.47% | 8.93% | 8.89% | 6.02% | 6.24% | 5.13% | 6.82% | 7.09% | 6.32% | 6.13% | 5.69% | 5.59% | 6.01% | 5.57% | 5.13% | 5.12% | 7.00% |
| Operating Income | 1.07B | 1.07B | 1.31B | 1.12B | 1.10B | 1.20B | 1.20B | 1.28B | 1.32B | 1.07B | 931.62M | 805.99M | 764.67M | 742.28M | 646.58M | 533.41M | 513.66M | 483.92M | 450.71M | 424.10M | 377.34M | 310.41M | 318.25M | 300.31M | 262.61M | 240.90M | 183.40M | 168.20M | 121.60M | 183.40M | 187.10M | 155.40M | 146.50M | 133.60M | 120.10M | 109.70M | 98.70M | 87.90M | 74.20M | 80.10M |
| Operating Income Ratio | 8.96% | 8.85% | 10.54% | 9.86% | 11.45% | 12.60% | 12.56% | 13.97% | 13.90% | 11.52% | 10.00% | 9.21% | 9.29% | 9.40% | 8.95% | 8.16% | 7.60% | 7.81% | 7.84% | 7.83% | 7.89% | 7.39% | 8.14% | 7.28% | 7.15% | 7.17% | 5.62% | 5.16% | 3.92% | 6.02% | 6.10% | 5.44% | 5.21% | 4.71% | 4.48% | 4.69% | 4.30% | 3.80% | 3.79% | 5.33% |
| Total Other Income/Expenses | -32.50M | -58.57M | -34.50M | 3.57M | 14.53M | 13.45M | -17.64M | 1.90M | -6.68M | -10.18M | -9.47M | -7.48M | 32.35M | 13.36M | -34.06M | -11.60M | -56.13M | -27.41M | -19.31M | -19.21M | -12.78M | -21.08M | -24.28M | -18.79M | -689.00K | 10.50M | 33.90M | 2.70M | 3.90M | 11.20M | 4.00M | 5.80M | 4.60M | 4.30M | 1.20M | 1.10M | -3.30M | -8.10M | -3.30M | -8.40M |
| Income Before Tax | 1.04B | 1.01B | 1.28B | 1.13B | 1.11B | 1.21B | 1.18B | 1.28B | 1.32B | 1.06B | 922.15M | 798.51M | 758.34M | 718.84M | 624.55M | 524.98M | 457.54M | 469.84M | 430.54M | 404.89M | 364.57M | 289.33M | 293.97M | 285.01M | 264.38M | 251.40M | 217.30M | 170.90M | 125.50M | 194.60M | 191.10M | 161.20M | 151.10M | 137.90M | 121.30M | 110.80M | 95.40M | 79.80M | 70.90M | 71.70M |
| Income Before Tax Ratio | 8.69% | 8.37% | 10.26% | 9.89% | 11.60% | 12.74% | 12.38% | 13.95% | 13.83% | 11.41% | 9.90% | 9.12% | 9.21% | 9.10% | 8.65% | 8.04% | 6.77% | 7.59% | 7.49% | 7.48% | 7.63% | 6.89% | 7.52% | 6.91% | 7.19% | 7.49% | 6.66% | 5.25% | 4.05% | 6.39% | 6.24% | 5.65% | 5.37% | 4.86% | 4.52% | 4.73% | 4.16% | 3.45% | 3.62% | 4.77% |
| Income Tax Expense | 230.80M | 220.55M | 277.88M | 217.03M | 206.39M | 230.57M | 168.70M | 431.54M | 426.70M | 369.88M | 316.13M | 268.43M | 253.37M | 239.64M | 224.78M | 182.17M | 172.04M | 167.95M | 144.40M | 151.43M | 132.90M | 103.55M | 104.65M | 102.57M | 94.16M | 88.00M | 78.00M | 61.40M | 46.10M | 74.20M | 73.10M | 60.40M | 55.90M | 51.50M | 44.20M | 40.70M | 35.20M | 33.90M | 31.80M | 33.10M |
| Net Income | 805.04M | 793.57M | 999.99M | 908.84M | 908.08M | 978.81M | 1.01B | 846.74M | 890.05M | 686.09M | 602.68M | 526.21M | 500.05M | 474.20M | 395.59M | 342.81M | 285.50M | 301.89M | 286.14M | 253.46M | 231.66M | 185.78M | 189.32M | 182.44M | 170.22M | 163.40M | 139.30M | 109.50M | 79.40M | 120.40M | 118.00M | -26.70M | 95.20M | 86.40M | 77.10M | 70.10M | 60.20M | 45.90M | 39.10M | 38.60M |
| Net Income Ratio | 6.75% | 6.55% | 8.03% | 7.98% | 9.45% | 10.31% | 10.60% | 9.24% | 9.35% | 7.41% | 6.47% | 6.01% | 6.08% | 6.01% | 5.48% | 5.25% | 4.23% | 4.87% | 4.98% | 4.68% | 4.85% | 4.42% | 4.84% | 4.42% | 4.63% | 4.87% | 4.27% | 3.36% | 2.56% | 3.95% | 3.85% | -0.94% | 3.38% | 3.05% | 2.88% | 3.00% | 2.63% | 1.98% | 1.99% | 2.57% |
| EPS | 1.47 | 1.45 | 1.84 | 1.68 | 1.69 | 1.83 | 1.91 | 1.60 | 1.68 | 1.30 | 1.14 | 1.00 | 0.95 | 0.89 | 0.74 | 0.64 | 0.53 | 0.55 | 0.52 | 0.46 | 0.42 | 0.34 | 0.34 | 0.33 | 0.30 | 0.28 | 0.23 | 0.18 | 0.13 | 0.20 | 0.19 | -0.04 | 0.16 | 0.14 | 0.13 | 0.12 | 0.10 | 0.08 | 0.07 | 0.07 |
| EPS Diluted | 1.47 | 1.45 | 1.82 | 1.66 | 1.66 | 1.80 | 1.86 | 1.57 | 1.64 | 1.27 | 1.12 | 0.98 | 0.93 | 0.87 | 0.73 | 0.63 | 0.52 | 0.54 | 0.51 | 0.46 | 0.42 | 0.33 | 0.34 | 0.33 | 0.30 | 0.28 | 0.23 | 0.18 | 0.13 | 0.20 | 0.19 | -0.04 | 0.16 | 0.14 | 0.13 | 0.12 | 0.10 | 0.08 | 0.07 | 0.07 |
| Weighted Avg Shares Out | 548.13M | 546.42M | 544.92M | 541.11M | 538.01M | 534.58M | 530.74M | 528.36M | 529.29M | 528.14M | 527.62M | 528.63M | 526.93M | 532.79M | 533.46M | 536.91M | 541.44M | 548.86M | 551.38M | 552.16M | 554.38M | 553.76M | 554.82M | 552.85M | 562.70M | 583.57M | 599.14M | 608.33M | 610.77M | 609.62M | 612.99M | 628.24M | 614.19M | 606.32M | 604.71M | 609.57M | 602.00M | 612.00M | 601.54M | 593.85M |
| Weighted Avg Shares Out (Dil) | 548.83M | 548.98M | 549.57M | 547.58M | 546.59M | 545.23M | 543.87M | 539.12M | 542.47M | 541.00M | 540.43M | 540.45M | 537.78M | 543.83M | 541.40M | 541.96M | 548.51M | 556.60M | 558.24M | 558.31M | 560.72M | 558.84M | 561.17M | 561.36M | 567.39M | 588.83M | 602.38M | 608.33M | 610.77M | 609.62M | 612.99M | 628.24M | 614.19M | 617.14M | 616.80M | 609.57M | 602.00M | 612.00M | 601.54M | 593.85M |
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around...
MegaMex Foods Launches 3 New WHOLLY® GUACAMOLE Flavors for Foodservice Operators
So much flavor, so little prep time ORANGE, Calif. , Sept. 12, 2024 /PRNewswire/ -- Over the years, guacamole has become a staple for restaurants — as an appetizer, topper and versatile ingredient used on sandwiches, burgers and Mexican dishes.
Buy 4 September Dividend Aristocrats And Watch 6
The S&P 500 Dividend Aristocrats list was rebalanced in January 2024, with notable changes including the removal of Walgreens and 3M, and the addition of Fastenal and Kenvue.
Hormel: Time to Feast on the Dip as Yield Gets Tastier
Hormel Foods Co. (NYSE: HRL) is a global branded food company in the consumer staples sector. Its shelf-stable, refrigerated meat and poultry food products are stocked across supermarkets, convenience stores, retailers, commercial kitchens, and food service provider pantries.
Celebrate National Peanut Day with the Exclusive Release of PLANTERS® Special Reserve Peanuts
Exclusive, limited-edition peanuts available September 13 AUSTIN, Minn. , Sept. 9, 2024 /PRNewswire/ -- In celebration of National Peanut Day on Sept.
5 Safe Dividend Aristocrat Favorites Can Survive a Fall Market Sell-Off
24/7 Wall St. Insights The S&P 500 is up a stunning 16.5% this year, after a massive 2023.
Hormel Foods' Q3 Earnings Cook, But Revenue Misses The Plate
Hormel Foods Corporation's recent fiscal Q3 earnings beat expectations by a penny, but revenue fell short by $65M, highlighting slow earnings growth and underperformance relative to the S&P 500. Despite international profit gains and a promising “transform and modernize” plan,...
Hormel Foods Corporation (HRL) Presents Barclays 17th Annual Global Consumer Staples Conference (Transcript)
Hormel Foods Corporation (NYSE:HRL ) Barclays 17th Annual Global Consumer Staples Conference September 5, 2024 9:45 AM ET Company Participants Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Unidentified Analyst Said -...
Hormel Foods Stock Drops After Food Maker Cuts Its Outlook
Hormel Foods (HRL) shares sank as the food company's sales fell and it cut its outlook on lower prices and factory disruptions.
Hormel Foods Corporation (HRL) Q3 2024 Earnings Call Transcript
Hormel Foods Corporation (NYSE:HRL ) Q3 2024 Earnings Conference Call September 4, 2024 9:00 AM ET Company Participants Jess Blomberg - Media Relations Jim Snee - Chairman, President & CEO Jacinth Smiley - EVP & CFO Conference Call Participants Benjamin...
Source: https://incomestatements.info
Category: Stock Reports