HRL FY 2023 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

FY 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$12.1B-2.8% YoY

Gross Profit

$2.0B16.5% margin

Operating Income

$1.1B8.9% margin

Net Income

$794M6.6% margin

EPS (Diluted)

$1.45

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$778M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$13.4B

Total Liabilities

$5.7B

Stockholders' Equity

$7.7B

Cash & Equivalents

$737M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12.1B	$12.5B	-2.8%
Gross Profit	$2.0B	$2.2B	-7.6%
Operating Income	$1.1B	$1.3B	-18.3%
Net Income	$794M	$1000M	-20.6%