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Hormel Foods (WBO:HRL) Other Expense


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What is Hormel Foods Other Expense?

Other Expense only applies to insurance companies.

Hormel Foods (WBO:HRL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hormel Foods Corp (WBO:HRL) » Definitions » Other Expense
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Traded in Other Exchanges
HRL:USA HRL:Mexico HO7:Germany HO7:Germany H1RL34:Brazil
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.