Switch to:
Hormel Foods Corp  (NYSE:HRL) Retained Earnings: $5,034 Mil (As of Jul. 2017)

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hormel Foods Corp's retained earnings for the quarter that ended in Jul. 2017 was $5,034 Mil.

Hormel Foods Corp's quarterly retained earnings increased from Jan. 2017 ($4,866 Mil) to Apr. 2017 ($4,975 Mil) and increased from Apr. 2017 ($4,975 Mil) to Jul. 2017 ($5,034 Mil).

Hormel Foods Corp's annual retained earnings increased from Oct. 2015 ($4,216 Mil) to Oct. 2016 ($4,737 Mil) but then declined from Oct. 2016 ($4,737 Mil) to Oct. 2017 ($0 Mil).


Historical Data

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

* Premium members only.

Hormel Foods Corp Annual Data

Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17
Retained Earnings Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,452.53 3,805.65 4,216.13 4,736.57 0.00

Hormel Foods Corp Quarterly Data

Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
Retained Earnings 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 4,736.57 4,866.37 4,974.51 5,033.95 0.00

Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Headlines

From the Internet

HRL
Hormel Foods Corporation High Quality Steady Growth

- Seekingalpha 2017-11-22 15:03:52

HRL
Holiday Shopping List

- Seekingalpha 2017-11-22 13:55:05

HRL
Hormel Fine 2017 Better Times Ahead

- Seekingalpha 2017-11-22 13:43:08

HRL
Dividend Aristocrats Focus Part 48 Hormel

- Seekingalpha 2017-11-22 09:51:07

HRL
Hormel Rallied Weak Earnings

- Seekingalpha 2017-11-22 08:50:47

HRL
Recent Stock Purchase November 2017

- Seekingalpha 2017-11-22 05:56:46

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK