HRL Q1 2023 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q1 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.0B-2.4% YoY

Gross Profit

$496M16.7% margin

Operating Income

$289M9.7% margin

Net Income

$218M7.3% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-9.5%

Cash Flow

Operating Cash Flow

$204M

Free Cash Flow

$167M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$13.3B

Total Liabilities

$5.7B

Stockholders' Equity

$7.6B

Cash & Equivalents

$600M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.0B	-2.4%
Gross Profit	$496M	$539M	-7.9%
Operating Income	$289M	$320M	-9.5%
Net Income	$218M	$240M	-9.1%

Revenue Segments

Perishable Meat

$2.1B70%

Shelf Stable

$891M30%