HRL Q3 2024 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q3 2024 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$2.9B-2.2% YoY

Gross Profit

$488M16.8% margin

Operating Income

$237M8.2% margin

Net Income

$177M6.1% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$218M

Free Cash Flow

$153M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$13.1B

Total Liabilities

$5.2B

Stockholders' Equity

$7.9B

Cash & Equivalents

$537M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$3.0B	-2.2%
Gross Profit	$488M	$498M	-1.9%
Operating Income	$237M	$217M	+9.2%
Net Income	$177M	$163M	+8.6%

Revenue Segments

Perishable Meat

$2.1B73%

Shelf Stable

$783M27%