Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.9B | 1.1% |
| Gross Profit | 488M | 3.1% |
| Cost of Revenue | 2.67B | 0.7% |
| Operating expense | 264M | 2.6% |
| Net Income | 177M | 6.6% |
| EBITDA | 241M | 10.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 13.1B | 7.2% |
| Total Liabilities | 5.25B | 16% |
| Total Equity | 7.87B | 0.2% |
| Shares Outstanding | 549M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 218M | 7.7% |
| Cash from investing | -64M | 0.6% |
| Cash from financing | -1.1B | 410.6% |
EPS
Financial Highlights for Hormel Foods in Q3 '24
Hormel Foods reported a revenue of 2.9B, which is a 1.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 488M, marking a -3.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.67B, a 0.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 264M, showing a -2.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 177M, showing a -6.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 241M, showing a -10.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Hormel Foods faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
