HRL Q3 2022 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q3 2022 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.0B+6.0% YoY

Gross Profit

$506M16.7% margin

Operating Income

$291M9.6% margin

Net Income

$219M7.2% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$186M

Free Cash Flow

$125M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$13.1B

Total Liabilities

$5.8B

Stockholders' Equity

$7.4B

Cash & Equivalents

$850M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$2.9B	+6.0%
Gross Profit	$506M	$423M	+19.5%
Operating Income	$291M	$207M	+40.3%
Net Income	$219M	$177M	+23.7%

Revenue Segments

Perishable Meat

$1.8B60%

Shelf Stable

$650M21%

Poultry

$470M15%

Other Products

$101M3%