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
- ECD Automotive Design, Inc. (ECDAW) Income Statement Analysis – Financial Results
- Justride Enterprises Limited (JRELTD.BO) Income Statement Analysis – Financial Results
- ShenZhen Consys Science & Technology Co., Ltd. (688788.SS) Income Statement Analysis – Financial Results
- EverArc Holdings Limited (EVRA.L) Income Statement Analysis – Financial Results
- Abri SPAC I, Inc. (ASPAW) 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 |
HRL's Q3 Earnings Top, Sales Decline on Weak Commodity Markets
Hormel Foods' third-quarter fiscal 2024 results reflect lower sales and earnings amid weaker-than-expected commodity markets. Management cuts fiscal 2024 view.
Hormel Foods shares slide as lower prices, production issues weigh on quarterly sales
Hormel Foods Corp (NYSE:HRL) shares fell after the branded food firm's quarterly sales took a hit from lower prices and a production disruption at its Virginia facility. For the fiscal third quarter which ended on July 28, 2024, the maker...
Why Hormel Foods Stock Got Knocked Down Today
Hormel's sales are down more than analysts expected. The company's dividend yield is near an all-time high, which suggests that investors don't have enough confidence to buy shares right now.
Compared to Estimates, Hormel (HRL) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Hormel (HRL) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hormel Foods (HRL) Q3 Earnings Beat Estimates
Hormel Foods (HRL) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.40 per share a year ago.
Makers of HORMEL® Pepperoni Encourage and Reward Fans for Taking PTO to Celebrate National Pepperoni Pizza Day
Beginning Sept. 4, fans can declare their intention to take 'Pepperoni Time Off' on National Pepperoni Pizza Day to win the Ultimate HORMEL® Pepperoni Pizza Vacation AUSTIN, Minn.
Hormel Foods' earnings dinged by continued pressure on whole-bird turkey prices
Austin, Minn.-based Hormel has been beset by lower prices for whole bird turkeys this year, as well as a production interruption at a Planters facility in Virginia and lower center-store and contract manufacturing volumes.
HORMEL FOODS REPORTS THIRD QUARTER FISCAL 2024 RESULTS
Delivers better-than-expected earnings and sees growing benefits from transform and modernize initiative AUSTIN, Minn. , Sept. 4, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the third quarter of fiscal...
How To Earn $500 A Month From Hormel Foods Stock Ahead Of Q3 Earnings Report
Hormel Foods Corporation HRL is set to release earnings results for its third quarter, after the closing bell on Wednesday, Sept. 4.
Makers of HORMEL® BLACK LABEL® Bacon Launch First-Ever Co-Branded Bacon with CINNAMON TOAST CRUNCH™
Starting on Sept. 16, fans can purchase this 'baconic' collaboration at select retailers nationwide AUSTIN, Minn.
Source: https://incomestatements.info
Category: Stock Reports