Hormel Foods Corporation (HRL)
Operating profit margin
Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | ||
---|---|---|---|---|---|---|
Operating income | US$ in thousands | 1,067,930 | 1,072,050 | 1,312,610 | 1,122,600 | 1,100,220 |
Revenue | US$ in thousands | 11,920,800 | 12,036,600 | 12,389,600 | 11,339,200 | 9,585,600 |
Operating profit margin | 8.96% | 8.91% | 10.59% | 9.90% | 11.48% |
October 27, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,067,930K ÷ $11,920,800K
= 8.96%
Based on the historical data provided, Hormel Foods Corporation's operating profit margin has demonstrated fluctuations over the past five years. The operating profit margin for the fiscal year ending on October 27, 2024, was 8.96%, showing a slight increase compared to the previous year. In contrast, the operating profit margin was slightly higher at 8.91% for the fiscal year ending on October 29, 2023.
A more notable decline in the operating profit margin was observed in the fiscal year ending on October 30, 2022, at 10.59%, compared to 9.90% for the fiscal year ending on October 31, 2021. The highest operating profit margin was recorded in the fiscal year ending on October 25, 2020, at 11.48%.
These fluctuations in operating profit margin may indicate changes in the company's cost structure, revenue generation, or efficiency levels over the years. Further analysis, considering factors such as industry trends, economic conditions, and company-specific strategies, would be necessary to fully understand the drivers behind these variations in operating profit margin for Hormel Foods Corporation.