HRL Q2 2022 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q2 2022 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.1B+18.8% YoY

Gross Profit

$553M17.9% margin

Operating Income

$335M10.8% margin

Net Income

$262M8.4% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$193M

Free Cash Flow

$115M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$13.1B

Total Liabilities

$5.8B

Stockholders' Equity

$7.3B

Cash & Equivalents

$862M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.1B	$2.6B	+18.8%
Gross Profit	$553M	$476M	+16.2%
Operating Income	$335M	$289M	+15.7%
Net Income	$262M	$228M	+14.8%

Revenue Segments

Perishable Meat

$1.8B58%

Shelf Stable

$629M20%

Poultry

$566M18%

Other Products

$118M4%