Hormel Foods Corporation (HRL)
Pretax margin
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,035,841 | 1,001,832 | 983,881 | 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 |
| Revenue (ttm) | US$ in thousands | 11,880,780 | 11,922,100 | 11,968,590 | 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 |
| Pretax margin | 8.72% | 8.40% | 8.22% | 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% |
October 27, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,035,841K ÷ $11,880,780K
= 8.72%
The pretax margin of Hormel Foods Corporation has exhibited a generally stable trend over the past two years, ranging from a low of 8.22% in April 2024 to a high of 12.54% in January 2020. The recent pretax margin figures have shown consistency, with values clustering around the 8% to 9% range in the most recent quarters.
The company's pretax margin peaked at 12.54% in January 2020 and has since shown a gradual decline, reaching 8.72% in the latest reported quarter on October 27, 2024. This decline may raise some concerns about the company's ability to maintain profit margins over time, although the current margin remains within a reasonable range.
Factors influencing the pretax margin could include changes in operating expenses, raw material costs, pricing strategies, or fluctuations in revenue. It is important for investors and stakeholders to continue monitoring these factors to assess the company's profitability and financial health.