HRL Q1 2024 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q1 2024 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.0B+0.9% YoY

Gross Profit

$509M17.0% margin

Operating Income

$284M9.5% margin

Net Income

$219M7.3% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-6.3%

Cash Flow

Operating Cash Flow

$404M

Free Cash Flow

$357M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$5.7B

Stockholders' Equity

$7.8B

Cash & Equivalents

$963M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.0B	+0.9%
Gross Profit	$509M	$496M	+2.6%
Operating Income	$284M	$289M	-1.7%
Net Income	$219M	$218M	+0.5%

Revenue Segments

Perishable Meat

$2.1B70%

Shelf Stable

$890M30%