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Hormel Foods (Hormel Foods) Pre-Tax Income

: $1,018 Mil (TTM As of Jan. 2024)
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Pretax income is the income that a company earns before paying income taxes. Hormel Foods's pretax income for the three months ended in Jan. 2024 was $286 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jan. 2024 was $1,018 Mil. Hormel Foods's pretax margin was 9.53%.

During the past 13 years, Hormel Foods's highest Pretax Margin was 13.95%. The lowest was 8.37%. And the median was 11.51%.


Hormel Foods Pre-Tax Income Historical Data

The historical data trend for Hormel Foods's Pre-Tax Income 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.

* Premium members only.

Hormel Foods Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Pre-Tax Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,209.72 1,114.75 1,126.17 1,278.10 1,013.47

Hormel Foods Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Pre-Tax Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 281.20 278.84 207.63 245.81 285.55

Competitive Comparison

For the Packaged Foods subindustry, Hormel Foods's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hormel Foods Pre-Tax Income Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Hormel Foods's Pre-Tax Income falls into.



Hormel Foods Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Hormel Foods's Pretax Income for the fiscal year that ended in Oct. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=1057.674+14.371+-73.402+14.828+0.00100000000009
=1,013

Hormel Foods's Pretax Income for the quarter that ended in Jan. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=268.347+16.091+-18.326+19.434+0.0010000000000332
=286

Pre-Tax Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,018 Mil.

* 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.


Hormel Foods  (NYSE:HRL) Pre-Tax Income Explanation

Hormel Foods's Pretax Margin for the quarter that ended in Jan. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=285.547/2996.911
=9.53%

During the past 13 years, Hormel Foods's highest Pretax Margin was 13.95%. The lowest was 8.37%. And the median was 11.51%.

* 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.


Hormel Foods Pre-Tax Income Related Terms

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Hormel Foods (Hormel Foods) Business Description

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

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