Hormel Foods Corp (N:HRL)
Business Focus: Animal Slaughtering & Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 Hormel Pl AUSTIN 55912-3680 |
| Tel: | 1-507-4375248 |
| Website: | https://www.hormelfoods.com |
| IR: | See website |
| Key People | ||
| James P. Snee Chairman of the Board, President, Chief Executive Officer | Paul R. Kuehneman Vice President, Controller | Jacinth C. Smiley Chief Financial Officer, Executive Vice President |
| Deanna T. Brady Executive Vice President - Retail | Colleen R. Batcheler Senior Vice President - External Affairs, General Counsel | Katherine M. Losness-Larson Senior Vice President - Human Resources |
| Katie Clark Senior Vice President, Chief Communications Officer | Kevin L. Myers Senior Vice President - Research and Development, Quality Control | Lisa Selk Senior Vice President - Brand Fuel | Scott D. Aakre Group Vice President, Chief Marketing Officer of the Company's Retail Business |
| Business Overview |
| Hormel Foods Corporation is a global manufacturer and marketer of branded food products. The Company develops, processes, and distributes a range of food products in a variety of markets. The Company operates through three segments: Retail, Foodservice, and International. The Retail segment is primarily engaged in the processing, marketing, and sale of food products sold predominantly in the retail market. This segment also includes the Company's MegaMex Foods, LLC joint venture. The Foodservice segment is primarily engaged in the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment processes, markets, and sells its products internationally. Its products include Hormel Black Label bacon, Columbus charcuterie, Hormel chili, Hormel pepperoni, Applegate breaded chicken, Herdez products, Hormel Square Table entrees, Cafe H sliced meats, Austin Blues sliced meats and Mary Kitchen hash. |
| Financial Overview |
| For the 13 weeks ended 28 January 2024, Hormel Foods Corp revenues increased 1% to $3B. Net income increased 1% to $218.9M. Revenues reflect Foodservice segment increase of 9% to $913.1M. Net income also reflects Foodservice segment income increase of 10% to $150.2M, International segment income increase of 1% to $20M. Dividend per share increased from $0.26 to $0.28. Basic Earnings per Share excluding Extraordinary Items remained flat at $0.40. |
| Employees: | 20,000 as of Oct 29, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $21,800M as of Jan 28, 2024 |
| Annual revenue (TTM): | $12,136M as of Jan 28, 2024 |
| EBITDA (TTM): | $1,299M as of Jan 28, 2024 |
| Net annual income (TTM): | $794.72M as of Jan 28, 2024 |
| Free cash flow (TTM): | $366.62M as of Jan 28, 2024 |
| Net Debt Last Fiscal Year: | $2,329M as of Jan 28, 2024 |
| Shares outstanding: | 547,687,578 as of Feb 25, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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