Hormel Foods is a Fortune 500, multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value.

Type
Public
HQ
Austin, US
Founded
1891
Size (employees)
20,200 (est)+4%
Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, US
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Key People/Management at Hormel Foods Corporation

James P. Snee

James P. Snee

President & Chief Executive Officer

Hormel Foods Corporation Office Locations

Hormel Foods Corporation has an office in Austin
Austin, US (HQ)
1 Hormel Pl
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Hormel Foods Corporation Financials and Metrics

Hormel Foods Corporation Financials

Hormel Foods Corporation's revenue was reported to be $9.17 b in FY, 2017
USD

Revenue (FY, 2017)

9.2 b

Gross profit (FY, 2017)

2 b

Gross profit margin (FY, 2017), %

21.9%

Net income (FY, 2017)

847.1 m

EBIT (FY, 2017)

1.3 b

Market capitalization (23-May-2018)

19 b

Closing share price (23-May-2018)

35.8

Cash (29-Oct-2017)

444.1 m
Hormel Foods Corporation's current market capitalization is $19 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

8.8 b9.3 b9.3 b9.5 b9.2 b

Revenue growth, %

6%(1%)3%

Cost of goods sold

7.3 b7.5 b7.4 b7.2 b

Gross profit

1.4 b1.8 b2.2 b2 b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

2.2 b2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.2 b2.2 b

Cost of goods sold

1.8 b1.9 b1.8 b1.7 b1.8 b1.8 b1.7 b1.7 b1.8 b

Gross profit

398.6 m378.8 m409.4 m558 m526.4 m475.3 m552.3 m486.9 m452.4 m

Gross profit Margin, %

18%17%19%24%23%21%24%22%20%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

347.2 m415.1 m444.1 m

Accounts Receivable

605.7 m591.3 m618.4 m

Inventories

993.3 m985.7 m921 m

Current Assets

2.1 b2 b2 b
Quarterly
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

349.2 m375.2 m379.9 m379.6 m609.8 m548.9 m633.3 m

Accounts Receivable

549.1 m554.7 m548.5 m564.9 m530.9 m525.3 m549 m

Inventories

984.5 m994.8 m1 b1 b958.1 m988.4 m1 b

Current Assets

2 b1.9 b2 b2 b2.1 b2.1 b2.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

530.1 m687.3 m890.5 m847.1 m

Depreciation and Amortization

132 m122.6 m

Inventories

968 m1.1 b

Accounts Payable

387.3 m484 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

499.8 m235.2 m450.6 m646.3 m235.3 m446.2 m628.7 m

Depreciation and Amortization

99 m31.8 m63.9 m96.5 m31.3 m63.3 m96.1 m

Inventories

924.5 m1.1 b1.1 b1 b963.5 m(47.8 m)(72.6 m)

Accounts Payable

354.8 m339.4 m358 m407.4 m385.9 m
USDY, 2017

Revenue/Employee

452.3 k
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Hormel Foods Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016Jun, 2017

Facilities

37 35 28 30

Patents (US)

53 46 46

Patents (foreign)

17 17 19

SKUs Offered

10 k
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Hormel Foods Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Columbus Manufacturing October 31, 2017$850 m
Ceratti August 24, 2017$104 m
Fontanini Italian Meats and Sausages August 17, 2017$425 m
Justin’s May 18, 2016$286 m
Applegate July 13, 2015$775 m
CytoSport July 01, 2014$450 m
SKIPPY January 03, 2013$700 m
Shedd’s Country Crock Business - Unilever February 04, 2010
Boca Grande Foods, Inc. June 12, 2008$23.30 m
Burke Corporation August 22, 2007$110 m
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