Hormel Foods Corporation (HRL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,004,088 | 1,011,700 | 975,809 | 939,752 | 999,580 | 1,059,576 | 1,061,243 | 1,063,291 | 985,370 | 907,423 | 940,456 | 975,400 | 1,049,044 | 1,198,805 | 1,277,334 | 1,285,969 | 1,326,505 | 1,290,878 | 1,242,414 | 1,261,343 |
| 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 |
| Pretax margin | 8.25% | 8.38% | 8.25% | 8.14% | 8.58% | 9.03% | 8.81% | 8.61% | 8.00% | 7.39% | 7.79% | 8.23% | 8.85% | 9.84% | 10.24% | 10.26% | 10.47% | 10.35% | 10.14% | 10.30% |
January 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,004,088K ÷ $12,163,430K
= 8.25%
Hormel Foods Corporation's pretax margin has shown some fluctuations over the period provided. Starting at around 10% in May 2022, the pretax margin remained relatively stable above 10% until January 2023. However, from April 2023 onwards, there was a declining trend in the pretax margin, dropping to 7.39% by October 2023. The company saw a slight improvement in the pretax margin in the following quarters, reaching 9.03% in April 2024, but it remained below the 10% mark. Towards the end of the period, the pretax margin fluctuated between 8.14% and 8.38% from July 2024 to October 2024.
Overall, while the pretax margin of Hormel Foods Corporation has experienced some volatility, it is important to consider the factors that may have contributed to these fluctuations, such as changes in revenue, operating expenses, or one-time events impacting profitability. Further analysis would be needed to understand the underlying drivers of these changes and to assess the company's financial performance in greater detail.