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Hormel Foods HRL Miscellaneous — Net Sales

Discontinued — last reported Q4 '22

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Other financials

Income statement

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Revenue$3.0B+2.5%
Gross profit$518.5M+7.0%
Operating income$217.1M-12.6%
Net income$157.5M-12.5%
EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%
Total debt$2.9B-0.2%
Total equity$7.9B-1.0%
Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%
CapEx$82.2M+9.4%
Free cash flow$96.8M

Valuation

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Market cap$13.3B
Enterprise value$15.35B
P/E18.9×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
Net margin6.3%-0.3pp
FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The official record: Hormel Foods’s 10-K, filed December 6, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hormel Foods's miscellaneous — net sales?
Hormel Foods (HRL) reported miscellaneous — net sales of $61.79M in Q3 2022.
How has Hormel Foods's miscellaneous — net sales changed year-over-year?
Hormel Foods's miscellaneous — net sales decreased by 33.7% year-over-year, from $93.22M to $61.79M.
What does miscellaneous — net sales mean?
Total revenue generated from products or services that fall outside of the company's main reporting segments.
How do you interpret miscellaneous — net sales?
An increase suggests successful diversification or growth in secondary product lines, while a decrease may indicate a strategic shift away from non-core assets or declining demand for niche offerings.
How does miscellaneous — net sales compare across companies?
Peers often report this as 'Other' or 'Miscellaneous' revenue, which typically represents a small percentage of total sales compared to core segments.