HRL Q3 2023 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q3 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.0B-2.3% YoY

Gross Profit

$498M16.8% margin

Operating Income

$217M7.3% margin

Net Income

$163M5.5% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

-0.5%

Cash Flow

Operating Cash Flow

$317M

Free Cash Flow

$239M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$13.4B

Total Liabilities

$5.7B

Stockholders' Equity

$7.7B

Cash & Equivalents

$669M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.0B	-2.3%
Gross Profit	$498M	$506M	-1.6%
Operating Income	$217M	$291M	-25.5%
Net Income	$163M	$219M	-25.7%

Revenue Segments

Perishable Meat

$2.1B70%

Shelf Stable

$895M30%