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GuruFocus has detected 1 Warning Sign with Hormel Foods Corp $HRL.
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Hormel Foods Corp (NYSE:HRL)
Pre-Tax Income
$1,309 Mil (TTM As of Apr. 2017)

Pretax income is the income that a company earns before paying income taxes. Hormel Foods Corp's pretax income for the three months ended in Apr. 2017 was $316 Mil. Its pretax income for the trailing twelve months (TTM) ended in Apr. 2017 was $1,309 Mil. Hormel Foods Corp's pretax margin was 14.44%.

During the past 13 years, Hormel Foods Corp's highest Pretax Margin was 13.83%. The lowest was 6.82%. And the median was 9.11%.


Definition

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

Hormel Foods Corp's Pretax Income for the fiscal year that ended in Oct. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1323.895+0+-12.871+6.191+0
=1,317

Hormel Foods Corp's Pretax Income for the quarter that ended in Apr. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=316.032+0+-3.023+2.818+5.68434188608E-14
=316

Hormel Foods Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Apr. 2017 was 274.117 (Jul. 2016 ) + 364.733 (Oct. 2016 ) + 354.785 (Jan. 2017 ) + 315.827 (Apr. 2017 ) = $1,309 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Hormel Foods Corp's Pretax Margin for the quarter that ended in Apr. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=315.827/2187.309
=14.44%

During the past 13 years, Hormel Foods Corp's highest Pretax Margin was 13.83%. The lowest was 6.82%. And the median was 9.11%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Hormel Foods Corp Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
Pretax Income 4704615286257197587999221,0571,317

Hormel Foods Corp Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
Pretax Income 264276228289354324274365355316
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