Hormel Foods Corp
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.17B | $9.52B | $9.26B | $9.32B | $8.75B | $8.23B | $7.90B | $7.22B |
| Grocery Products | $1.78B | $1.60B | $1.62B | $1.62B | $1.48B | $1.19B | $1.11B | $1.06B |
| Refrigerated Foods | $4.98B | $4.77B | $4.44B | $4.47B | $4.23B | $4.12B | $3.92B | $3.51B |
| Jennie-O Turkey Store | $1.69B | $1.73B | $1.66B | $1.64B | $1.56B | $1.50B | $1.44B | $1.29B |
| Specialty Foods | $0 | $790.4M | $960.7M | $1.01B | $957.0M | $925.0M | $960.7M | $946.8M |
| International & Other | $716.0M | $638.7M | $579.7M | $577.1M | $534.3M | $489.5M | $458.1M | $411.6M |
| Retail | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Foodservice | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| International | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $7.17B | $7.37B | $7.46B | $7.75B | $7.34B | $6.90B | $6.56B | $5.98B |
| Gross Profit | $2.00B | $2.16B | $1.81B | $1.56B | $1.41B | $1.33B | $1.33B | $1.24B |
| Gross Margin | 21.8% | 22.7% | 19.5% | 16.8% | 16.1% | 16.2% | 16.9% | 17.2% |
| Operating Expenses | ||||||||
| Research & Development | $34.2M | $34.7M | $32.0M | $29.9M | $29.9M | $29.8M | $29.4M | $27.6M |
| SG&A Expense | $759.3M | $872.0M | $743.6M | $650.9M | $627.3M | $605.9M | $618.6M | $605.3M |
| Operating Income | $1.28B | $1.32B | $1.07B | $931.6M | $806.0M | $781.2M | $741.5M | $651.1M |
| Operating Margin | 13.9% | 13.9% | 11.5% | 10.0% | 9.2% | 9.5% | 9.4% | 9.0% |
| Interest Expense | $12.7M | $12.9M | $13.1M | $12.7M | $12.5M | $12.9M | $22.7M | $26.6M |
| Pretax Income | $1.28B | $1.32B | $1.06B | $922.2M | $798.5M | $758.3M | $718.8M | $624.6M |
| Income Tax Expense | $431.5M | $426.7M | $369.9M | $316.1M | $268.4M | $253.4M | $239.6M | $224.8M |
| Net Income | $846.7M | $890.1M | $686.1M | $602.7M | $526.2M | $500.1M | $474.2M | $395.6M |
| Net Margin | 9.2% | 9.3% | 7.4% | 6.5% | 6.0% | 6.1% | 6.0% | 5.5% |
| EPS (Basic) | $1.60 | $1.68 | $1.30 | $1.14 | $1.99 | $1.90 | $1.78 | $1.48 |
| EPS (Diluted) | $1.57 | $1.64 | $1.27 | $1.12 | $1.95 | $1.86 | $1.74 | $1.46 |
| Shares Outstanding (Basic) | 528.4M | 529.3M | 528.1M | 527.6M | 264.3M | 263.5M | 266.4M | 266.7M |
| Shares Outstanding (Diluted) | 539.1M | 542.5M | 541.0M | 540.4M | 270.2M | 268.9M | 271.9M | 270.7M |
| Dividends Per Share | $0.68 | $0.58 | $0.50 | $0.40 | $0.68 | $0.60 | $0.51 | $0.42 |