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Hormel Foods Corporation  (HRL)
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Outstanding EPS Increase by 63.04 % at the Food Processing company in the financial period closing October 30 2022

Hormel Foods Corporation announced fourth quarter of 2022 operating surplus of $547.69 millions

Published 2022-12-07T12:12:31+00:00
Goran Soko / CSIMarket.com Contributer

Prosciutto_con_melone_By_Nikodem_Nijaki_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licensesby-sa3.0)]_via_Wikimedia_Commons Hormel Foods Corporation delivered very notable results in the August to October 30 2022, where Revenues soared by 83.954 % to $4.53 billions, while company's bottom-line jumped by 63.04 % to $0.67 per share, from the same reporting period a year before.

Conflicting to the Q4 Revenues surged by 31.048 % from $3.45 billions and bottom-line grew by 29.85 % from $0.51 per share.


Bottom-line of $372.836 millions in the financial period closing October 30 2022 increased by 67.65 % from net earnings of $222.395 millions reported in the financial period closing October 30 2022 a year ago. Hormel Foods Corporation shifted it's focus on improving sales in the financial period closing October 30 2022, as a result net margin eased to 8.24%.
Operating earnings, however, rose 104.35% to $547.69 millions. Looking further into company's numbers for the fiscal 12 Months 2022, Hormel Foods Corporation reported Revenues of $12.46 billions and net income of $1.00 billions.

Food Processing company explained also, that Income improved by 9.64 % to $1.82 per share from $1.66 in the prior fiscal 12 Months , contributesRevenues advanced by 9.42 % from $11.39 billions a year before.

Hormel Foods Corporation is expected to report next financial results on March 07, 2023.


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Other HRL's Earnings Reports

Hormel Foods reported second quarter 2022 earnings

Hormel Foods reported first quarter 2022 earnings

Hormel Foods reported fourth quarter 2022 earnings

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