Hormel Foods Corporation (HRL)
Pretax margin
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Jul 25, 2021 | Apr 25, 2021 | Jan 24, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,018,535 | 1,014,124 | 1,125,235 | 1,207,426 | 1,250,369 | 1,277,864 | 1,272,714 | 1,186,870 | 1,157,664 | 1,125,869 | 1,052,214 | 1,107,355 | 1,101,362 | 1,114,473 | 1,159,541 | 1,161,341 | 1,192,573 | 1,209,373 | 1,207,156 | 1,203,756 |
| Revenue (ttm) | US$ in thousands | 12,062,240 | 12,038,800 | 12,123,670 | 12,197,540 | 12,320,120 | 12,393,100 | 12,565,850 | 12,399,020 | 11,915,950 | 11,339,360 | 10,322,430 | 9,846,190 | 9,666,330 | 9,595,680 | 9,677,090 | 9,588,850 | 9,509,010 | 9,481,890 | 9,505,080 | 9,568,300 |
| Pretax margin | 8.44% | 8.42% | 9.28% | 9.90% | 10.15% | 10.31% | 10.13% | 9.57% | 9.72% | 9.93% | 10.19% | 11.25% | 11.39% | 11.61% | 11.98% | 12.11% | 12.54% | 12.75% | 12.70% | 12.58% |
January 28, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,018,535K ÷ $12,062,240K
= 8.44%
The pretax margin of Hormel Foods Corp. has shown a fluctuating trend over the past eight quarters. In Q1 2023, the pretax margin was relatively high at 10.10% but decreased in subsequent quarters before reaching its lowest point at 8.39% in Q1 2024. This decline may suggest challenges in managing operating expenses or variations in revenue generation. It is important for the company to closely monitor and address the factors contributing to this trend to ensure sustainable profitability.