HRL Q2 2024 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q2 2024 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$2.9B-3.0% YoY

Gross Profit

$504M17.4% margin

Operating Income

$252M8.7% margin

Net Income

$189M6.6% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

-3.7%

Cash Flow

Operating Cash Flow

$236M

Free Cash Flow

$176M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$14.1B

Total Liabilities

$6.2B

Stockholders' Equity

$7.9B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$3.0B	-3.0%
Gross Profit	$504M	$491M	+2.5%
Operating Income	$252M	$296M	-14.7%
Net Income	$189M	$217M	-12.9%

Revenue Segments

Perishable Meat

$2.0B70%

Shelf Stable

$858M30%