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Hormel Foods Tax Rate %

: 23.59% (As of Jul. 2019)
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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hormel Foods's Tax Expense for the three months ended in Jul. 2019 was $62 Mil. Hormel Foods's Pre-Tax Income for the three months ended in Jul. 2019 was $261 Mil. Therefore, Hormel Foods's Tax Rate % for the quarter that ended in Jul. 2019 was 23.59%.


Hormel Foods Tax Rate % 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 Annual Data
Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.28 34.99 32.39 33.75 14.28

Hormel Foods Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19
Tax Rate % 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 18.38 18.66 21.32 11.13 23.59

Hormel Foods Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Hormel Foods's Tax Rate % for the fiscal year that ended in Oct. 2018 is calculated as

Tax Rate %=Tax Expense (A: Oct. 2018 )/Pre-Tax Income (A: Oct. 2018 )
=168.702/1181.284
=14.28 %

Hormel Foods's Tax Rate % for the quarter that ended in Jul. 2019 is calculated as

Tax Rate %=Tax Expense (Q: Jul. 2019 )/Pre-Tax Income (Q: Jul. 2019 )
=61.573/261
=23.59 %

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


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