Hormel Foods (Hormel Foods) Construction In Progress

: $215 Mil (As of Jan. 2024)

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Hormel Foods's quarterly construction in progress declined from Jul. 2023 ($216 Mil) to Oct. 2023 ($196 Mil) but then increased from Oct. 2023 ($196 Mil) to Jan. 2024 ($215 Mil).

Hormel Foods's annual construction in progress declined from Oct. 2021 ($316 Mil) to Oct. 2022 ($216 Mil) and declined from Oct. 2022 ($216 Mil) to Oct. 2023 ($196 Mil).

Hormel Foods Construction In Progress Historical Data

The historical data trend for Hormel Foods's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hormel Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Construction In Progress

256.19

369.45

316.46

216.25

195.67

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Construction In Progress																226.91	200.90	216.48	195.67	215.09

Hormel Foods Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Hormel Foods (Hormel Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (NYSE:HRL) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

HRL:Mexico HO7:Germany HO7:Germany H1RL34:Brazil HRL:Austria

Address

1 Hormel Place, Austin, MN, USA, 55912-3680

Website

https://www.hormelfoods.com

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Executives

Susan K Nestegard	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Kevin L Myers	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Deanna T Brady	officer: Vice President	1 HORMEL STREET, AUSTIN MN 55912
Elsa A Murano	director	1 HORMEL PLACE, AUSTIN MN 55912-3680
Pierre M Lilly	officer: SVP & Chief Compliance Officer	1 HORMEL PLACE, AUSTIN MN 55912
Mark J Ourada	officer: Group Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Mark A Coffey	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Prado Becerra Jose Luis	director	50 S. LASALLE STREET, CHICAGO IL 60603
Ray G Young	director	77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Michael Paul Zechmeister	director	C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Patrick J Connor	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
James P Snee	officer: Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Katherine M Losness-larson	officer: Senior Vice President	1 HORMEL PLACE, AUSTIN MN 55912
Florence Makope	officer: Vice President and Treasurer	1 HORMEL PLACE, AUSTIN MN 55912
Christopher J. Policinski	director	4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126