HRL Q2 2023 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q2 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.0B-3.8% YoY

Gross Profit

$491M16.5% margin

Operating Income

$296M9.9% margin

Net Income

$217M7.3% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

$208M

Free Cash Flow

$155M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$13.3B

Total Liabilities

$5.6B

Stockholders' Equity

$7.7B

Cash & Equivalents

$580M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.1B	-3.8%
Gross Profit	$491M	$553M	-11.2%
Operating Income	$296M	$335M	-11.6%
Net Income	$217M	$262M	-17.0%

Revenue Segments

Perishable Meat

$2.1B70%

Shelf Stable

$904M30%