Hormel Foods Corporation (HRL) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 2.97B | 3.03B | 3.19B | 3.03B | 2.9B | 2.99B | 3.14B | 2.9B | 2.89B | 3B | 3.2B | 2.96B |
| Revenue Growth % | 2.55% | 1.29% | 1.52% | 4.64% | 0.4% | -0.27% | -1.88% | -2.19% | -3.03% | 0.87% | -2.6% | -2.34% |
| Cost of Goods Sold | 2.46B | 2.56B | 2.74B | 2.55B | 2.41B | 2.51B | 2.62B | 2.41B | 2.38B | 2.49B | 2.68B | 2.47B |
| COGS % of Revenue | 82.76% | 84.49% | 86.04% | 83.93% | 83.29% | 84.1% | 83.39% | 83.15% | 82.55% | 83.02% | 83.91% | 83.19% |
| Gross Profit | 512.6M | 469.57M | 444.84M | 487.31M | 484.43M | 475.23M | 521.23M | 488.37M | 503.81M | 508.73M | 514.42M | 498.05M |
| Gross Margin % | 17.24% | 15.51% | 13.96% | 16.07% | 16.71% | 15.9% | 16.61% | 16.85% | 17.45% | 16.98% | 16.09% | 16.81% |
| Gross Profit Growth % | 5.82% | -1.19% | -14.66% | -0.22% | -3.85% | -6.59% | 1.32% | -1.94% | 2.52% | 2.58% | -9.18% | -1.58% |
| Operating Expenses | 257.53M | 225.88M | 442.67M | 247.56M | 236.08M | 246.9M | 226.75M | 251.68M | 251.49M | 224.29M | 244.39M | 281.29M |
| OpEx % of Revenue | 8.66% | 7.46% | 13.9% | 8.16% | 8.14% | 8.26% | 7.23% | 8.68% | 8.71% | 7.48% | 7.64% | 9.49% |
| Selling, General & Admin | 257.53M | 241.7M | 223.47M | 258.71M | 251.43M | 263.01M | 238.59M | 259.65M | 266.67M | 240.39M | 216.55M | 291.07M |
| SG&A % of Revenue | 8.66% | 7.98% | 7.01% | 8.53% | 8.67% | 8.8% | 7.6% | 8.96% | 9.24% | 8.02% | 6.77% | 9.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K |
| Operating Income | 255.07M | 243.7M | 2.17M | 239.75M | 248.35M | 228.33M | 294.48M | 236.69M | 252.32M | 284.44M | 270.04M | 216.76M |
| Operating Margin % | 8.58% | 8.05% | 0.07% | 7.9% | 8.57% | 7.64% | 9.38% | 8.17% | 8.74% | 9.49% | 8.44% | 7.31% |
| Operating Income Growth % | 2.71% | 6.73% | -99.26% | 1.29% | -1.57% | -19.73% | 9.05% | 9.2% | -14.7% | -1.73% | -26.45% | -25.52% |
| EBITDA | 323.9M | 310.79M | 71.55M | 304.44M | 312.31M | 294.2M | 360.88M | 300.35M | 315.95M | 348.5M | 306.92M | 280.84M |
| EBITDA Margin % | 10.9% | 10.27% | 2.25% | 10.04% | 10.77% | 9.84% | 11.5% | 10.36% | 10.94% | 11.63% | 9.6% | 9.48% |
| EBITDA Growth % | 3.71% | 5.64% | -80.17% | 1.36% | -1.15% | -15.58% | 17.58% | 6.95% | -11.63% | -0.7% | -29.98% | -21.15% |
| D&A (Non-Cash Add-back) | 68.83M | 67.09M | 69.37M | 64.69M | 63.96M | 65.87M | 66.4M | 63.66M | 63.63M | 64.07M | 36.88M | 64.08M |
| EBIT | 255.07M | 254.04M | -2.03M | 255.97M | 250M | 237.53M | 299.46M | 247.18M | 265.82M | 303.87M | 264.17M | 226M |
| Net Interest Income | -13.59M | -13.2M | -22.46M | -3.23M | -17.86M | -10.26M | -14.45M | -10.97M | -8.18M | 1.11M | -24.23M | -9.13M |
| Interest Income | 6.48M | 6.53M | -2.86M | 16.23M | 1.65M | 9.2M | 4.98M | 10.48M | 13.5M | 19.43M | -5.87M | 9.24M |
| Interest Expense | 20.07M | 19.73M | 19.6M | 19.46M | 19.52M | 19.46M | 19.43M | 21.46M | 21.68M | 18.33M | 18.36M | 18.37M |
| Other Income/Expense | -49.01M | -9.38M | -23.8M | -3.23M | -17.86M | -10.26M | -14.45M | -10.97M | -8.18M | 1.11M | -24.23M | -9.13M |
| Pretax Income | 206.06M | 234.31M | -21.63M | 236.51M | 230.49M | 218.07M | 280.03M | 225.72M | 244.14M | 285.55M | 245.81M | 207.63M |
| Pretax Margin % | 6.93% | 7.74% | -0.68% | 7.8% | 7.95% | 7.3% | 8.92% | 7.79% | 8.46% | 9.53% | 7.69% | 7.01% |
| Income Tax | 48.69M | 52.54M | 34.58M | 52.82M | 50.75M | 47.54M | 60.07M | 48.98M | 54.93M | 66.82M | 50.32M | 45.05M |
| Effective Tax Rate % | 23.63% | 22.42% | -159.88% | 22.33% | 22.02% | 21.8% | 21.45% | 21.7% | 22.5% | 23.4% | 20.47% | 21.7% |
| Net Income | 157.47M | 181.77M | -56.14M | 183.74M | 180.02M | 170.57M | 220.2M | 176.7M | 189.28M | 218.86M | 195.94M | 162.68M |
| Net Margin % | 5.3% | 6% | -1.76% | 6.06% | 6.21% | 5.71% | 7.02% | 6.1% | 6.56% | 7.3% | 6.13% | 5.49% |
| Net Income Growth % | -12.52% | 6.56% | -125.49% | 3.98% | -4.89% | -22.06% | 12.38% | 8.62% | -12.87% | 0.53% | -29.99% | -25.69% |
| Net Income (Continuing) | 157.38M | 181.8M | -56.2M | 183.7M | 179.74M | 170.53M | 219.96M | 176.74M | 189.21M | 218.73M | 195.48M | 162.57M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 14.56M | 14.71M | 14.64M | 9.82M | 9.6M | 10.1M | 10.59M | 10.11M | 10.46M | 4.46M | 4.1M | 4.6M |
| EPS (Diluted) | 0.29 | 0.33 | -0.10 | 0.33 | 0.33 | 0.31 | 0.40 | 0.32 | 0.34 | 0.40 | 0.36 | 0.30 |
| EPS Growth % | -12.12% | 6.45% | -125% | 3.13% | -2.94% | -22.5% | 11.11% | 6.67% | -15% | 0% | -29.41% | -25% |
| EPS (Basic) | 0.29 | 0.33 | -0.10 | 0.33 | 0.33 | 0.31 | 0.40 | 0.32 | 0.35 | 0.40 | 0.36 | 0.30 |
| Diluted Shares Outstanding | 550.81M | 550.71M | 550.51M | 550.4M | 550.61M | 549.85M | 549.46M | 549.27M | 548.68M | 547.92M | 548.25M | 548.64M |
| Basic Shares Outstanding | 550.52M | 550.48M | 550.51M | 550.05M | 550.28M | 549.46M | 548.94M | 548.68M | 547.87M | 547.02M | 546.52M | 546.36M |
| Dividend Payout Ratio | 102.2% | 87.75% | - | 86.79% | 88.46% | 90.86% | 70.38% | 87.69% | 81.75% | 68.67% | 76.75% | 92.17% |