Consumer Defensive - Packaged Foods - NYSE - US
$ 29.21
-3.95 %
$ 16 B
Market Cap
20.43
P/E
INCOME STATEMENT
12.1 B
REVENUE
1.07 B
OPERATING INCOME
793 M
NET INCOME
EFFICIENCY
Earnings Waterfall
Hormel Foods Corporation
| Revenue | 12.1 B |
| Cost Of Revenue | 10.1 B |
| Gross Profit | 2 B |
| Operating Expenses | 928 M |
| Operating Income | 1.07 B |
| Other Expenses | 279 M |
| Net Income | 793 M |
Income Statement
Millions
| Oct-2023 | Oct-2022 | Oct-2021 | Oct-2020 | Oct-2019 | Oct-2018 | Oct-2017 | Oct-2016 | Oct-2015 | Oct-2014 | Oct-2013 | Oct-2012 | Oct-2011 | Oct-2010 | Oct-2009 | Oct-2008 | Oct-2007 | Oct-2006 | Oct-2005 | Oct-2004 | Oct-2003 | Oct-2002 | Oct-2001 | Oct-2000 | Oct-1999 | Oct-1998 | Oct-1997 | Oct-1996 | Oct-1995 | Oct-1994 | Oct-1993 | Oct-1992 | Oct-1991 | Oct-1990 | Oct-1989 | Oct-1988 | Oct-1987 | Oct-1986 | Oct-1985 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | |||||||||||||||||||||||||||||||||||||||
| Revenue | 12 110.0 | 12 458.8 | 11 386.2 | 9 608.5 | 9 497.3 | 9 545.7 | 9 167.5 | 9 523.2 | 9 263.9 | 9 316.3 | 8 751.7 | 8 230.7 | 7 895.1 | 7 220.7 | 6 533.7 | 6 754.9 | 6 193.0 | 5 745.5 | 5 414.0 | 4 779.9 | 4 200.3 | 3 910.3 | 4 124.1 | 3 675.1 | 3 357.8 | 3 261.0 | 3 256.6 | 3 098.7 | 3 046.2 | 3 064.8 | 2 854.0 | 2 813.7 | 2 836.2 | 2 681.2 | 2 340.5 | 2 292.8 | 2 314.1 | 1 960.2 | 1 502.2 |
| GROSS PROFIT | |||||||||||||||||||||||||||||||||||||||
| Cost Of Revenue | 10 110.2 | 10 294.1 | 9 458.3 | 7 782.5 | 7 612.7 | 7 550.3 | 7 164.4 | 7 365.0 | 7 455.3 | 7 751.3 | 7 338.8 | 6 898.8 | 6 561.0 | 5 982.0 | 5 434.8 | 5 233.2 | 4 778.5 | 4 362.3 | 4 131.4 | 3 658.9 | 3 187.2 | 2 947.5 | 2 989.3 | 2 609.0 | 2 315.0 | 2 340.1 | 2 444.8 | 2 355.6 | 2 257.1 | 2 308.9 | 2 174.7 | 2 157.9 | 2 238.4 | 2 119.5 | 1 818.0 | 1 815.3 | 1 902.1 | 1 584.0 | 1 157.0 |
| Gross Profit | 1 999.8 | 2 164.7 | 1 927.9 | 1 826.0 | 1 884.6 | 1 995.4 | 2 003.2 | 2 158.2 | 1 808.6 | 1 565.0 | 1 412.8 | 1 331.9 | 1 334.1 | 1 238.7 | 1 098.9 | 1 521.7 | 1 414.5 | 1 383.2 | 1 282.6 | 1 121.0 | 1 013.2 | 962.9 | 1 134.8 | 1 066.1 | 1 042.8 | 920.9 | 811.8 | 743.1 | 789.1 | 755.9 | 679.3 | 655.8 | 597.8 | 561.7 | 522.5 | 477.5 | 412.0 | 376.2 | 345.2 |
| OPERATING INCOME | |||||||||||||||||||||||||||||||||||||||
| Operating Expenses | 927.8 | 879.3 | 853.1 | 761.3 | 727.6 | 838.2 | 762.1 | 872.0 | 743.6 | 650.9 | 627.3 | 605.9 | 591.8 | 605.3 | 567.1 | 1 012.3 | 934.1 | 932.5 | 10 858.5 | 743.7 | 702.7 | 644.6 | 834.5 | 803.5 | 801.9 | 737.5 | 643.6 | 621.5 | 605.7 | 568.8 | 523.9 | 509.3 | 464.2 | 441.6 | 412.8 | 378.8 | 324.1 | 302.0 | 265.1 |
| Selling, General and Administrative Expenses | 908.5 | 879.3 | 853.1 | 761.3 | 727.6 | 838.2 | 762.1 | 872.0 | 743.6 | 650.9 | 627.3 | 605.9 | 618.6 | 605.3 | 567.1 | 1 012.3 | 934.1 | 937.0 | 864.0 | 768.2 | 708.6 | 652.3 | 834.5 | 737.7 | 737.2 | 677.2 | 590.7 | 578.8 | 568.5 | 532.2 | 491.7 | 475.0 | 429.5 | 407.3 | 377.1 | 344.5 | 291.6 | 271.3 | 237.0 |
| Research and Development Expenses | 33.7 | 34.7 | 33.6 | 31.9 | 32.5 | 33.8 | 34.2 | 34.7 | 32.0 | 29.9 | 29.9 | 29.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1 072.0 | 1 312.6 | 1 122.6 | 1 100.2 | 1 196.3 | 1 198.9 | 1 280.5 | 1 323.9 | 1 067.3 | 931.6 | 806.0 | 764.7 | 742.3 | 646.6 | 533.4 | 513.7 | 483.9 | 450.7 | 424.1 | 377.3 | 310.4 | 318.2 | 300.3 | 262.6 | 240.9 | 183.4 | 168.2 | 121.6 | 183.4 | 187.1 | 155.4 | 146.5 | 133.6 | 120.1 | 109.7 | 98.7 | 87.9 | 74.2 | 80.1 |
| PRE-TAX INCOME | |||||||||||||||||||||||||||||||||||||||
| Interest Income Expense | 73.4 | 62.5 | 43.3 | 21.1 | 18.1 | 26.5 | 12.7 | 12.9 | 13.1 | 12.7 | 12.5 | 12.9 | 23.4 | 26.6 | 28.0 | 56.1 | 27.7 | 20.2 | 27.7 | (5.3) | 21.1 | 24.3 | 15.3 | (2.2) | (17.5) | (81.4) | (20.5) | (9.3) | (24.0) | (10.5) | 114.5 | (13.0) | (11.3) | (5.8) | (5.9) | (2.0) | 6.5 | (1.2) | 5.4 |
| Total Other Income | (58.6) | (34.5) | 3.6 | 14.5 | 13.4 | (17.6) | 1.9 | (6.7) | (10.2) | (9.5) | (7.5) | 32.4 | 13.4 | (34.1) | (11.6) | (56.1) | (27.4) | (19.3) | (19.2) | (12.8) | (21.1) | (24.3) | (18.8) | (0.7) | 10.5 | 33.9 | 2.7 | 3.9 | 11.2 | 4.0 | 5.8 | 4.6 | 4.3 | 1.2 | 1.1 | (3.3) | (8.1) | (3.3) | (8.4) |
| Pre-Tax Income | 1 013.5 | 1 278.1 | 1 126.2 | 1 114.7 | 1 209.7 | 1 181.3 | 1 278.6 | 1 317.2 | 1 057.1 | 922.2 | 798.5 | 758.3 | 718.8 | 624.6 | 525.0 | 457.5 | 469.8 | 430.5 | 404.9 | 364.6 | 289.3 | 294.0 | 285.0 | 264.4 | 251.4 | 217.3 | 170.9 | 125.5 | 194.6 | 191.1 | 161.2 | 151.1 | 137.9 | 121.3 | 110.8 | 95.4 | 79.8 | 70.9 | 71.7 |
| NET INCOME | |||||||||||||||||||||||||||||||||||||||
| Tax Provision | 220.6 | 277.9 | 217.0 | 206.4 | 230.6 | 168.7 | 431.5 | 426.7 | 369.9 | 316.1 | 268.4 | 253.4 | 239.6 | 224.8 | 182.2 | 172.0 | 167.9 | 144.4 | 151.4 | 132.9 | 103.6 | 104.6 | 102.6 | 94.2 | 88.0 | 78.0 | 61.4 | 46.1 | 74.2 | 73.1 | 60.4 | 55.9 | 51.5 | 44.2 | 40.7 | 35.2 | 33.9 | 31.8 | 33.1 |
| Net Income | 793.6 | 1 000.0 | 908.8 | 908.1 | 978.8 | 1 012.1 | 846.7 | 890.1 | 686.1 | 602.7 | 526.2 | 500.1 | 474.2 | 395.6 | 342.8 | 285.5 | 301.9 | 286.1 | 253.5 | 231.7 | 185.8 | 189.3 | 182.4 | 170.2 | 163.4 | 139.3 | 109.5 | 79.4 | 120.4 | 118.0 | (26.7) | 95.2 | 86.4 | 77.1 | 70.1 | 60.2 | 45.9 | 39.1 | 38.6 |
| EPS | 1.45 | 1.84 | 1.68 | 1.69 | 1.83 | 1.91 | 1.6 | 1.68 | 1.3 | 1.14 | 1 | 0.95 | 0.89 | 0.74 | 0.64 | 0.53 | 0.55 | 0.52 | 0.46 | 0.42 | 0.34 | 0.34 | 0.33 | 0.3 | 0.28 | 0.23 | 0.18 | 0.13 | 0.2 | 0.19 | 0.0425 | 0.16 | 0.14 | 0.13 | 0.12 | 0.1 | 0.075 | 0.065 | 0.065 |