Hormel Foods Corp
Income Statement
| Line Item | Jul 2024 | Apr 2024 | Jan 2024 | Oct 2023 | Jul 2023 | Apr 2023 | Jan 2023 | Oct 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B | $2.89B | $3.00B | $3.20B | $2.96B | $2.98B | $2.97B | $3.28B |
| Cost of Revenue | $2.41B | $2.38B | $2.49B | $2.68B | $2.47B | $2.49B | $2.48B | $2.72B |
| Gross Profit | $488.4M | $503.8M | $508.7M | $514.4M | $498.0M | $491.4M | $495.9M | $566.4M |
| Gross Margin | 16.8% | 17.4% | 17.0% | 16.1% | 16.8% | 16.5% | 16.7% | 17.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $259.7M | $266.7M | $240.4M | $216.5M | $291.1M | $212.5M | $222.1M | $206.5M |
| Operating Income | $236.7M | $252.3M | $284.4M | $270.0M | $216.8M | $295.8M | $289.5M | $367.2M |
| Operating Margin | 8.2% | 8.7% | 9.5% | 8.4% | 7.3% | 9.9% | 9.7% | 11.2% |
| Interest Expense | — | $21.7M | $18.3M | $18.4M | $18.4M | $18.3M | $18.3M | $17.6M |
| Pretax Income | $225.7M | $244.1M | $285.5M | $245.8M | $207.6M | $278.8M | $281.2M | $357.5M |
| Income Tax Expense | $49.0M | $54.9M | $66.8M | $50.3M | $45.1M | $61.6M | $63.6M | $77.5M |
| Net Income | $176.7M | $189.3M | $218.9M | $195.9M | $162.7M | $217.2M | $217.7M | $279.9M |
| Net Margin | 6.1% | 6.6% | 7.3% | 6.1% | 5.5% | 7.3% | 7.3% | 8.5% |
| EPS (Basic) | $0.32 | $0.35 | $0.40 | $0.35 | $0.30 | $0.40 | $0.40 | $0.52 |
| EPS (Diluted) | $0.32 | $0.34 | $0.40 | $0.35 | $0.30 | $0.40 | $0.40 | $0.50 |
| Shares Outstanding (Basic) | 548.7M | 547.9M | 547.0M | 546.4M | 546.4M | 546.4M | 546.4M | 544.9M |
| Shares Outstanding (Diluted) | 549.3M | 548.7M | 547.9M | 549.0M | 548.6M | 549.0M | 550.0M | 549.6M |
| Dividends Per Share | $0.28 | $0.28 | $0.28 | $0.28 | $0.28 | $0.28 | $0.28 | $0.26 |