Hormel Foods Corporation (HRL)
Operating profit margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,067,930 | 1,067,930 | 1,072,050 | 1,072,050 | 1,312,610 |
| Revenue | US$ in thousands | 11,920,800 | 11,920,800 | 12,110,000 | 12,036,600 | 12,458,800 |
| Operating profit margin | 8.96% | 8.96% | 8.85% | 8.91% | 10.54% |
October 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,067,930K ÷ $11,920,800K
= 8.96%
The operating profit margin of Hormel Foods Corporation has shown a gradual decline over the period from October 31, 2022, to October 31, 2024. Starting at 10.54% in October 2022, the operating profit margin decreased to 8.91% by October 29, 2023, and further declined to 8.85% by October 31, 2023. However, there was a slight increase in the operating profit margin to 8.96% by October 27, 2024, which remained consistent at 8.96% by October 31, 2024. This trend suggests that Hormel Foods Corporation may be facing challenges in maintaining profitability as its operating profit margin has not shown significant improvement over the period under review.