Hormel Foods Corp /De/ financial data

Symbol
HRL on NYSE
Industry
Meat Packing Plants
Location
1 Hormel Pl, Austin, Minnesota
State of incorporation
Delaware
Fiscal year end
October 27
Former names
HORMEL GEO A & CO (to 3/14/1995)
Latest financial report
Q1 2024 - May 30, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 151 % -37.2%
Quick Ratio 72.5 % -41.2%
Return On Equity 9.83 % -20.5%
Return On Assets 5.63 % -20.2%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 11.7 B USD -22.8%
Weighted Average Number of Shares Outstanding, Basic 548 M shares +0.26%
Weighted Average Number of Shares Outstanding, Diluted 549 M shares -0.06%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 33.7 M USD -2.88%
Operating Income (Loss) 1.02 B USD -17.7%
Nonoperating Income (Expense) -246 M USD -128%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 983 M USD -18.6%
Income Tax Expense (Benefit) 217 M USD -20.7%
Net Income (Loss) Attributable to Parent 767 M USD -17.9%
Earnings Per Share, Basic 1.4 USD/shares -18.6%
Earnings Per Share, Diluted 1.39 USD/shares -18.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.49 B USD +156%
Marketable Securities, Current 23.1 M USD +31.6%
Accounts Receivable, after Allowance for Credit Loss, Current 732 M USD -3.93%
Inventory, Net 1.67 B USD -4.14%
Other Assets, Current 13.2 M USD
Assets, Current 3.98 B USD +25.7%
Operating Lease, Right-of-Use Asset 132 M USD +79.2%
Intangible Assets, Net (Excluding Goodwill) 1.75 B USD -2.56%
Goodwill 4.93 B USD -0.02%
Other Assets, Noncurrent 412 M USD +25.7%
Assets 14.1 B USD +6.16%
Accounts Payable, Current 691 M USD
Accrued Liabilities, Current 66.2 M USD
Liabilities, Current 2.3 B USD +76.6%
Long-term Debt and Lease Obligation 2.85 B USD -13.4%
Deferred Income Tax Liabilities, Net 505 M USD +8.32%
Operating Lease, Liability, Noncurrent 109 M USD +96.6%
Other Liabilities, Noncurrent 221 M USD +33.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -262 M USD -7.12%
Retained Earnings (Accumulated Deficit) 7.59 B USD +2.1%
Stockholders' Equity Attributable to Parent 7.89 B USD +2.6%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 7.9 B USD +2.66%
Liabilities and Equity 14.1 B USD +6.16%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 404 M USD +98.4%
Net Cash Provided by (Used in) Financing Activities -133 M USD +5.8%
Net Cash Provided by (Used in) Investing Activities -48.2 M USD +89.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 227 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.49 B USD +156%
Interest Paid, Excluding Capitalized Interest, Operating Activities 57.1 M USD +0.18%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 135 M USD +76.5%
Depreciation 227 M USD +6.72%
Payments to Acquire Property, Plant, and Equipment 47.2 M USD +27.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 749 M USD -17.7%
Lessee, Operating Lease, Liability, to be Paid 155 M USD +80.6%
Operating Lease, Liability, Current 26.2 M USD +23.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 29.1 M USD +52.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 31.7 M USD +35.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure +96.2%
Deferred Income Tax Expense (Benefit) -179 K USD +42.4%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 19.6 M USD +115%
Lessee, Operating Lease, Liability, to be Paid, Year Three 26.1 M USD +75%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 23.2 M USD -85.8%
Current Income Tax Expense (Benefit) 189 M USD +87.1%
Preferred Stock, Shares Authorized 160 M shares 0%
Unrecognized Tax Benefits 19.1 M USD -2.01%
Lessee, Operating Lease, Liability, to be Paid, Year Four 19.8 M USD +95.5%
Operating Lease, Payments 29.4 M USD +22.2%
Additional Paid in Capital 549 M USD +12.5%
Current State and Local Tax Expense (Benefit) 20.2 M USD +0.56%
Current Federal Tax Expense (Benefit) 161 M USD +138%
Amortization of Intangible Assets 17.6 M USD -6.5%
Depreciation, Depletion and Amortization 64.1 M USD +4.17%
Share-based Payment Arrangement, Expense 24.1 M USD -3.21%
Deferred State and Local Income Tax Expense (Benefit) 8.6 M USD -36.9%
Interest Expense 76.7 M USD +9.8%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%