Hormel Foods Corporation (HRL)
Gross profit margin
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,006,061 | 2,019,198 | 2,001,774 | 1,984,350 | 2,004,714 | 2,025,078 | 2,035,696 | 2,046,314 | 2,035,629 | 2,024,944 | 2,001,939 | 1,983,464 | 1,981,365 | 2,049,734 | 2,124,732 | 2,134,832 | 2,192,354 | 2,179,408 | 2,151,740 | 2,184,440 |
| Revenue (ttm) | US$ in thousands | 12,163,430 | 12,073,060 | 11,822,320 | 11,549,900 | 11,648,370 | 11,728,510 | 12,039,240 | 12,352,980 | 12,319,370 | 12,285,720 | 12,065,280 | 11,856,860 | 11,848,700 | 12,187,250 | 12,473,890 | 12,537,310 | 12,664,070 | 12,477,150 | 12,257,230 | 12,250,940 |
| Gross profit margin | 16.49% | 16.72% | 16.93% | 17.18% | 17.21% | 17.27% | 16.91% | 16.57% | 16.52% | 16.48% | 16.59% | 16.73% | 16.72% | 16.82% | 17.03% | 17.03% | 17.31% | 17.47% | 17.55% | 17.83% |
January 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,006,061K ÷ $12,163,430K
= 16.49%
Hormel Foods Corporation's gross profit margin has shown a gradual decrease over the reported periods, starting at 17.83% on May 1, 2022, and declining to 16.49% on January 31, 2025. This downward trend indicates a decreasing percentage of revenue retained after accounting for production costs. While some fluctuations are observed, the general trajectory suggests potential challenges in managing production and operating costs relative to sales revenue. Monitoring this metric closely will be critical for the company to maintain profitability and assess the effectiveness of its cost management strategies going forward.