HORMEL FOODS CORP DE
For the period ended Jan 28, 2024. Filed Feb 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 28, 2024 · Filed Feb 29, 2024
HRL$22.26+1.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Quarter Ended | ||
|---|---|---|
| In thousands, except per share amounts | January 28, 2024 | January 29, 2023 |
| Net Sales | $2,996,911 | $2,970,992 |
| Cost of Products Sold | 2,488,178 | 2,475,043 |
| Gross Profit | 508,733 | 495,949 |
| Selling, General, and Administrative | 240,386 | 222,056 |
| Equity in Earnings of Affiliates | 16,091 | 15,559 |
| Operating Income | 284,438 | 289,452 |
| Interest and Investment Income | 19,434 | 10,096 |
| Interest Expense | 18,326 | 18,347 |
| Earnings Before Income Taxes | 285,547 | 281,201 |
| Provision for Income Taxes | 66,818 | 63,551 |
| Net Earnings | 218,729 | 217,651 |
| Less: Net Earnings (Loss) Attributable to Noncontrolling Interest | (134) | (69) |
| Net Earnings Attributable to Hormel Foods Corporation | $218,863 | $217,719 |
| Net Earnings Per Share | ||
| Basic | $0.40 | $0.40 |
| Diluted | $0.40 | $0.40 |
| Weighted-average Shares Outstanding | ||
| Basic | 547,020 | 546,384 |
| Diluted | 547,920 | 550,031 |
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