HRL Q4 2023 Earnings — Hormel Foods Corporation Revenue & Financial Results | Market Cap Arena

HRLHormel Foods Corporation

$13B

Q4 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$3.2B-2.6% YoY

Gross Profit

$514M16.1% margin

Operating Income

$270M8.4% margin

Net Income

$196M6.1% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$319M

Free Cash Flow

$217M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$13.4B

Total Liabilities

$5.7B

Stockholders' Equity

$7.7B

Cash & Equivalents

$737M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.3B	-2.6%
Gross Profit	$514M	$566M	-9.2%
Operating Income	$270M	$367M	-26.5%
Net Income	$196M	$280M	-30.0%

Revenue Segments

Perishable Meat

$2.3B72%

Shelf Stable

$909M28%