Outstanding EPS Increase by 63.04 % at the Food Processing company in the financial period closing October 30 2022

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.