HRL Hormel Foods Corp.

All HRL filings Filing statistics SEC

Hormel Foods Corp. engages in the production of meat and food products. It operates business through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment include processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment comprises Hormel Foods International which manufactures, markets, and sells Company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Company profile

Ticker

HRL

Exchange

NYSE

Website

www.hormelfoods.com

CEO

James P. Snee

Incorporated in

Delaware

Location

Minnesota

Fiscal year end

Oct 27

Sector

Consumer Non-Durables > Food: Meat/Fish/Dairy

Industry (SEC)

Meat Packing Plants

China Xiangtai Food • BRF ...

Former names

Hormel Geo A & Co

SEC CIK

0000048465

Corporate docs

Articles of Incorporation & Bylaws

IRS number

410319970

HRL stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart HRL financial data

Quarter (USD)	Oct 19	Jul 19	Apr 19	Jan 19
Revenue	2.5B	2.29B	2.34B	2.36B
Net income	255.5M	199.45M	282.43M	241.43M
Diluted EPS	0.47	0.37	0.52	0.44
Net profit margin	10.21%	8.71%	12.05%	10.23%
Operating income	321M	256.66M	312.36M	306.25M
Net change in cash	112.7M	-79.13M	126.64M	53.55M
Cash on hand	672.9M	560.2M	639.33M	512.69M
Cost of revenue	2.01B	1.86B	1.88B	1.87B

Annual (USD)	Oct 19	Oct 15	Oct 14
Revenue	9.5B	9.26B	9.32B
Net income	978.81M	686.09M	602.68M
Diluted EPS	1.8	1.27	1.12
Net profit margin	10.31%	7.41%	6.47%
Operating income	1.2B	1.07B	931.62M
Net change in cash	325.66M	13.07M
Cash on hand	672.9M	347.24M	334.17M
Cost of revenue	7.61B	7.46B	7.75B

Financial data from company earnings reports

Financial report summary

Competition

Campbell Soup • Conagra Brands • General Mills • Smithfield Foods • Tyson Foods • Cargill • Conagra Brands • Michael Foods • TreeHouse Foods • AdvancePierre Foods

Management Discussion

The Company is a processor of branded and unbranded food products for retail, foodservice, deli, and commercial customers. At the beginning of fiscal 2019, the Hormel Deli Solutions division combined all deli businesses, including the Jennie-O Turkey Store deli division, into one division within the Refrigerated Foods segment. In addition, the ingredients business was realigned from the Grocery Products segment to the Refrigerated Foods segment. Periods presented herein have been recast to reflect this change. Periods presented have also been adjusted due to the adoption of Accounting Standards Update (ASU) 2017-07, Compensation - Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (Topic 715). See Note A - Summary of Significant Accounting Policies for more information.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-K 2019 FY