HORMEL FOODS CORP DE

For the period ended Jul 28, 2024. Filed Sep 4, 2024.

About this filing

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.

Jul 28, 2024 · Filed Sep 4, 2024

HRL$22.26+1.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Quarter Ended		Nine Months Ended
In thousands, except per share amounts	July 28, 2024	July 30, 2023	July 28, 2024	July 30, 2023
Net Sales	$2,898,443	$2,963,299	$8,782,706	$8,911,930
Cost of Products Sold	2,410,075	2,465,251	7,281,798	7,426,514
Gross Profit	488,369	498,048	1,500,908	1,485,417
Selling, General, and Administrative	259,653	291,073	766,707	725,621
Equity in Earnings of Affiliates	7,977	9,784	39,250	42,213
Operating Income	236,693	216,759	773,452	802,009
Interest and Investment Income	10,484	9,239	43,416	20,700
Interest Expense	21,459	18,372	61,464	55,042
Earnings Before Income Taxes	225,719	207,626	755,404	767,666
Provision for Income Taxes	48,984	45,055	170,733	170,230
Net Earnings	176,735	162,571	584,671	597,437
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest	34	(108)	(170)	(200)
Net Earnings Attributable to Hormel Foods Corporation	$176,701	$162,679	$584,842	$597,637
Net Earnings Per Share
Basic	$0.32	$0.30	$1.07	$1.09
Diluted	$0.32	$0.30	$1.07	$1.09
Weighted-average Shares Outstanding
Basic	548,685	546,358	547,858	546,389
Diluted	549,266	548,637	548,624	549,227

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.