Hormel Foods (LTS:0J5Z) Current Accrued Expense : $264 Mil (As of Jan. 2024)

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What is Hormel Foods Current Accrued Expense?

Hormel Foods's Current Accrued Expense for the quarter that ended in Jan. 2024 was $264 Mil.

Hormel Foods's quarterly Current Accrued Expense declined from Jul. 2023 ($379 Mil) to Oct. 2023 ($311 Mil) and declined from Oct. 2023 ($311 Mil) to Jan. 2024 ($264 Mil).

Hormel Foods's annual Current Accrued Expense increased from Oct. 2021 ($321 Mil) to Oct. 2022 ($336 Mil) but then declined from Oct. 2022 ($336 Mil) to Oct. 2023 ($311 Mil).

Hormel Foods Current Accrued Expense Historical Data

The historical data trend for Hormel Foods's Current Accrued Expense 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.

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Hormel Foods Current Accrued Expense Chart

Hormel Foods Annual Data

Trend

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Oct23

Current Accrued Expense

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271.02

300.27

320.74

335.87

311.31

Hormel Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Current Accrued Expense	Get a 7-Day Free Trial															291.62	269.86	378.77	311.31	264.38

Hormel Foods Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

Hormel Foods Current Accrued Expense Related Terms

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Hormel Foods (LTS:0J5Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (LTS:0J5Z) » Definitions » Current Accrued Expense

Comparable Companies

Traded in Other Exchanges

HRL:USA HRL:Mexico HO7:Germany H1RL34:Brazil HRL:Austria

Address

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

Website

https://www.hormelfoods.com

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.

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