Hormel Foods Corporation (HRL)
Pretax margin
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,035,840 | 1,014,120 | 1,277,860 | 1,125,870 | 1,114,480 |
| Revenue | US$ in thousands | 11,920,800 | 12,036,600 | 12,389,600 | 11,339,200 | 9,585,600 |
| Pretax margin | 8.69% | 8.43% | 10.31% | 9.93% | 11.63% |
October 27, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,035,840K ÷ $11,920,800K
= 8.69%
The pretax margin for Hormel Foods Corporation over the past five years has exhibited some fluctuations. From fiscal year 2020 to 2021, the pretax margin increased from 11.63% to 9.93%. However, in fiscal year 2022, there was a notable rebound as the pretax margin improved to 10.31%. Subsequently, in fiscal year 2023 and 2024, the pretax margin continued to rise to 8.43% and 8.69%, respectively.
Overall, the pretax margin trend for Hormel Foods Corporation shows a slight decrease followed by a recovery and subsequent stabilization in recent years. It's essential for investors and stakeholders to monitor this metric to assess the company's profitability and operational efficiency over time.