HORMEL FOODS CORP /DE/
For the period ended Jul 27, 2025. Filed Aug 28, 2025.
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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.
Jul 27, 2025 · Filed Aug 28, 2025
HRL$22.21-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Position
| In thousands, except share and per share amounts | July 27, 2025 | October 27, 2024 |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | $599,189 | $741,881 |
| Short-term Marketable Securities | 31,480 | 24,742 |
| Accounts Receivable (Net of Allowance for Doubtful Accounts of$3,660 at July 27, 2025, and $3,712 at October 27, 2024) | 764,338 | 817,908 |
| Inventories | 1,821,860 | 1,576,300 |
| Taxes Receivable | 50,559 | 50,380 |
| Prepaid Expenses and Other Current Assets | 55,064 | 35,265 |
| Total Current Assets | 3,322,490 | 3,246,476 |
| Goodwill | 4,923,218 | 4,923,487 |
| Intangible Assets | 1,721,487 | 1,732,705 |
| Pension Assets | 192,123 | 205,964 |
| Investments in Affiliates | 698,632 | 719,481 |
| Other Assets | 426,068 | 411,889 |
| Property, Plant, and Equipment | ||
| Land | 74,411 | 75,159 |
| Buildings | 1,506,306 | 1,503,519 |
| Equipment | 2,940,137 | 2,905,058 |
| Construction in Progress | 330,408 | 228,726 |
| Less: Allowance for Depreciation | (2,638,553) | (2,517,734) |
| Net Property, Plant, and Equipment | 2,212,709 | 2,194,728 |
| Total Assets | $13,496,726 | $13,434,729 |
| Liabilities and Shareholders’ Investment | ||
| Accounts Payable | $707,753 | $735,604 |
| Accrued Expenses | 59,036 | 66,380 |
| Accrued Marketing Expenses | 117,328 | 108,156 |
| Employee-related Expenses | 251,860 | 283,490 |
| Interest and Dividends Payable | 174,361 | 175,941 |
| Taxes Payable | 28,454 | 21,916 |
| Current Maturities of Long-term Debt | 6,740 | 7,813 |
| Total Current Liabilities | 1,345,531 | 1,399,299 |
| Long-term Debt Less Current Maturities | 2,850,165 | 2,850,944 |
| Pension and Post-retirement Benefits | 386,554 | 379,891 |
| Deferred Income Taxes | 595,066 | 589,366 |
| Other Long-term Liabilities | 226,316 | 211,219 |
| Shareholders’ Investment | ||
| Preferred Stock, Par Value $0.01 a Share — Authorized 160,000,000 Shares; Issued — None | — | — |
| Common Stock, Nonvoting, Par Value $0.01 a Share — Authorized 400,000,000 Shares; Issued — None | — | — |
| Common Stock, Par Value $0.01465 a Share — Authorized 1,600,000,000 Shares;Shares Issued as of July 27, 2025: 549,998,398Shares Issued as of October 27, 2024: 548,605,305 | 8,057 | 8,037 |
| Additional Paid-in Capital | 617,598 | 571,178 |
| Accumulated Other Comprehensive Loss | (275,006) | (263,331) |
| Retained Earnings | 7,732,618 | 7,677,537 |
| Hormel Foods Corporation Shareholders’ Investment | 8,083,268 | 7,993,420 |
| Noncontrolling Interest | 9,824 | 10,590 |
| Total Shareholders’ Investment | 8,093,092 | 8,004,011 |
| Total Liabilities and Shareholders’ Investment | $13,496,726 | $13,434,729 |
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