Hormel Foods Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1995
Revenue	12,110	12,459	11,386	9,608	9,497	9,546	9,168	9,523	9,264	9,316	Upgrade
Revenue Growth (YoY)	-2.80%	9.42%	18.50%	1.17%	-0.51%	4.13%	-3.74%	2.80%	-0.56%	6.45%	Upgrade
Cost of Revenue	10,110	10,294	9,458	7,782	7,613	7,566	7,171	7,365	7,455	7,751	Upgrade
Gross Profit	2,000	2,165	1,928	1,826	1,885	1,979	1,997	2,158	1,809	1,565	Upgrade
Selling, General & Admin	942.17	879.27	853.07	761.32	727.58	841.21	759.3	871.97	743.61	650.95	Upgrade
Other Operating Expenses	28.38	0	0	0	0	17.28	0.18	0.99	21.54	0	Upgrade
Operating Expenses	970.55	879.27	853.07	761.32	727.58	858.48	759.48	872.97	765.15	650.95	Upgrade
Operating Income	1,029	1,285	1,075	1,065	1,157	1,121	1,237	1,285	1,043	914.04	Upgrade
Interest Expense / Income	73.4	62.52	43.31	21.07	18.07	26.49	12.68	12.87	13.11	12.7	Upgrade
Other Expense / Income	-58.24	-54.96	-94.34	-70.9	-70.38	-86.35	-53.81	-44.41	-25.65	-17.47	Upgrade
Pretax Income	1,014	1,278	1,126	1,114	1,209	1,181	1,278	1,317	1,056	918.8	Upgrade
Income Tax	220.55	277.88	217.03	206.39	230.57	168.7	431.54	426.7	369.88	316.13	Upgrade
Net Income	793.57	999.99	908.84	908.08	978.81	1,012	846.74	890.05	686.09	602.68	Upgrade
Net Income Growth	-20.64%	10.03%	0.08%	-7.23%	-3.29%	19.53%	-4.87%	29.73%	13.84%	14.53%	Upgrade
Shares Outstanding (Basic)	546	545	541	538	535	531	528	529	528	528	Upgrade
Shares Outstanding (Diluted)	549	550	548	547	545	544	539	542	541	540	Upgrade
Shares Change	-0.11%	0.36%	0.18%	0.25%	0.25%	0.88%	-0.62%	0.27%	0.11%	-0.00%	Upgrade
EPS (Basic)	1.45	1.84	1.68	1.69	1.83	1.91	1.60	1.68	1.30	1.14	Upgrade
EPS (Diluted)	1.45	1.82	1.66	1.66	1.80	1.86	1.57	1.64	1.27	1.12	Upgrade
EPS Growth	-20.33%	9.64%	0%	-7.78%	-3.23%	18.47%	-4.27%	29.13%	13.39%	14.87%	Upgrade
Free Cash Flow	782.96	857.28	771.73	762.44	666.56	861.87	816.35	790.72	866.43	598.03	Upgrade
Free Cash Flow Per Share	1.43	1.57	1.43	1.42	1.25	1.62	1.54	1.49	1.64	1.13	Upgrade
Dividend Per Share	1.100	1.040	0.980	0.930	0.840	0.750	0.680	0.580	0.500	0.400	Upgrade
Dividend Growth	5.77%	6.12%	5.38%	10.71%	12.00%	10.29%	17.24%	16.00%	25.00%	17.65%	Upgrade
Gross Margin	16.51%	17.37%	16.93%	19.00%	19.84%	20.74%	21.78%	22.66%	19.52%	16.80%	Upgrade
Operating Margin	8.50%	10.32%	9.44%	11.08%	12.18%	11.74%	13.49%	13.50%	11.26%	9.81%	Upgrade
Profit Margin	6.55%	8.03%	7.98%	9.45%	10.31%	10.60%	9.24%	9.35%	7.41%	6.47%	Upgrade
Free Cash Flow Margin	6.47%	6.88%	6.78%	7.94%	7.02%	9.03%	8.90%	8.30%	9.35%	6.42%	Upgrade
Effective Tax Rate	21.75%	21.75%	19.28%	18.52%	19.07%	14.29%	33.76%	32.41%	35.03%	34.41%	Upgrade
EBITDA	1,370	1,597	1,395	1,341	1,393	1,369	1,422	1,462	1,203	1,062	Upgrade
EBITDA Margin	11.31%	12.82%	12.25%	13.96%	14.66%	14.34%	15.51%	15.35%	12.98%	11.39%	Upgrade
Depreciation & Amortization	282.38	256.52	226.01	205.78	165.21	161.86	130.98	131.97	133.43	130.04	Upgrade
EBIT	1,088	1,340	1,169	1,136	1,227	1,207	1,291	1,330	1,069	931.51	Upgrade
EBIT Margin	8.98%	10.76%	10.27%	11.82%	12.92%	12.65%	14.08%	13.96%	11.54%	10.00%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).