Hormel Foods Corporation (HRL)
Pretax margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,035,430 | 1,035,840 | 1,013,470 | 1,014,120 | 1,278,100 |
| Revenue | US$ in thousands | 11,920,800 | 11,920,800 | 12,110,000 | 12,036,600 | 12,458,800 |
| Pretax margin | 8.69% | 8.69% | 8.37% | 8.43% | 10.26% |
October 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,035,430K ÷ $11,920,800K
= 8.69%
Based on the provided data, Hormel Foods Corporation's pretax margin has shown some fluctuations over the past few years. The pretax margin was 10.26% as of October 31, 2022, which declined to 8.43% by October 29, 2023. There was a slight decrease to 8.37% as of October 31, 2023, before increasing to 8.69% on both October 27, 2024, and October 31, 2024.
These fluctuations suggest that Hormel Foods Corporation has experienced varying levels of efficiency in generating profits before taxes during the stated periods. It would be important to further analyze the factors affecting the company's pretax margin to understand the reasons behind these changes and assess the overall financial health and performance of the organization.