trending Market Intelligence /marketintelligence/en/news-insights/trending/9H1ZuCZ0X9poTBF7RIBCiQ2 content esgSubNav
In This List

Hormel Foods fiscal Q3 profit climbs 12.1% YOY


S&P 500 Q2 2022 Sector Earnings & Revenue Data


Banking Essentials Newsletter: September 28th edition


Worldwide smartphone shipment forecast through 2026: from small drop to mild recovery


Next in Tech | Episode 84: The bear bites M&A

Hormel Foods fiscal Q3 profit climbs 12.1% YOY

Hormel Foods Corp. said its normalized net income for the fiscal third quarter ended July 26 amounted to 27 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS rose 12.0% year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $148.0 million, an increase of 12.1% from $132.1 million in the prior-year period.

The normalized profit margin climbed to 6.5% from 5.8% in the year-earlier period.

Total revenue fell year over year to $2.19 billion from $2.28 billion, and total operating expenses declined 5.7% on an annual basis to $1.96 billion from $2.07 billion.

Reported net income rose 6.0% from the prior-year period to $146.1 million, or 27 cents per share, from $137.9 million, or 26 cents per share.