GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (BSP:H1RL34) » Definitions » Allowance For Loans And Lease Losses

Hormel Foods (BSP:H1RL34) Allowance For Loans And Lease Losses


View and export this data going back to 2019. Start your Free Trial

What is Hormel Foods Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Hormel Foods Business Description

Traded in Other Exchanges
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 US retail (62% of fiscal 2024 sales), US food service (32%), and international (6%). By product, 72% of fiscal 2024 sales were from perishable food and 28% from shelf-stable. 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.