Hormel Foods (HRL) Revenue & Revenue Breakdown

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Hormel Foods Revenue Highlights

Latest Revenue (Y)

$12.11B

Latest Revenue (Q)

$2.90B

Main Segment (Y)

Perishable Meat

Main Geography (Y)

UNITED STATES

Hormel Foods Revenue by Period

Hormel Foods Revenue by Year

Date	Revenue	Change
2023-10-29	$12.11B	-2.80%
2022-10-30	$12.46B	9.42%
2021-10-31	$11.39B	18.50%
2020-10-25	$9.61B	1.17%
2019-10-27	$9.50B	-0.51%
2018-10-28	$9.55B	4.13%
2017-10-29	$9.17B	-3.74%
2016-10-30	$9.52B	2.80%
2015-10-25	$9.26B	-0.56%
2014-10-26	$9.32B	6.45%
2013-10-27	$8.75B	6.33%
2012-10-28	$8.23B	4.25%
2011-10-30	$7.90B	9.34%
2010-10-31	$7.22B	10.52%
2009-10-25	$6.53B	-3.28%
2008-10-26	$6.75B	9.07%
2007-10-28	$6.19B	7.79%
2006-10-29	$5.75B	6.12%
2005-10-30	$5.41B	13.27%
2004-10-30	$4.78B	13.80%
2003-10-25	$4.20B	7.42%
2002-10-26	$3.91B	-5.18%
2001-10-27	$4.12B	12.22%
2000-10-28	$3.68B	9.45%
1999-10-30	$3.36B	2.97%
1998-10-31	$3.26B	0.14%
1997-10-26	$3.26B	5.10%
1996-10-26	$3.10B	1.72%
1995-10-31	$3.05B	-0.61%
1994-10-31	$3.06B	7.39%
1993-10-31	$2.85B	-

Hormel Foods generated $12.11B in revenue during NA 2023, up -2.80% compared to the previous quarter, and up 126.86% compared to the same period a year ago.

Hormel Foods Revenue by Quarter

Date	Revenue	Change
2024-07-28	$2.90B	0.38%
2024-04-28	$2.89B	-3.66%
2024-01-28	$3.00B	-6.29%
2023-10-29	$3.20B	7.92%
2023-07-30	$2.96B	-0.48%
2023-04-30	$2.98B	0.22%
2023-01-29	$2.97B	-9.52%
2022-10-30	$3.28B	8.21%
2022-07-31	$3.03B	-2.01%
2022-05-01	$3.10B	1.71%
2022-01-30	$3.04B	-11.88%
2021-10-31	$3.45B	20.64%
2021-07-25	$2.86B	9.86%
2021-04-25	$2.61B	5.91%
2021-01-24	$2.46B	1.70%
2020-10-25	$2.42B	1.62%
2020-07-26	$2.38B	-1.69%
2020-04-26	$2.42B	1.59%
2020-01-26	$2.38B	-4.68%
2019-10-27	$2.50B	9.20%
2019-07-28	$2.29B	-2.30%
2019-04-28	$2.34B	-0.66%
2019-01-27	$2.36B	-6.51%
2018-10-28	$2.52B	7.02%
2018-07-29	$2.36B	1.23%
2018-04-29	$2.33B	-0.03%
2018-01-28	$2.33B	-6.47%
2017-10-29	$2.49B	12.92%
2017-07-30	$2.21B	0.92%
2017-04-30	$2.19B	-4.07%
2017-01-29	$2.28B	-13.23%
2016-10-30	$2.63B	14.14%
2016-07-24	$2.30B	0.09%
2016-04-24	$2.30B	0.33%
2016-01-24	$2.29B	-4.51%
2015-10-25	$2.40B	9.70%
2015-07-26	$2.19B	-3.98%
2015-04-26	$2.28B	-4.83%
2015-01-25	$2.40B	-5.85%
2014-10-26	$2.54B	11.33%
2014-07-27	$2.28B	1.79%
2014-04-27	$2.24B	0.10%
2014-01-26	$2.24B	-3.47%
2013-10-27	$2.32B	7.58%
2013-07-28	$2.16B	0.32%
2013-04-28	$2.15B	1.72%
2013-01-27	$2.12B	-2.49%
2012-10-28	$2.17B	8.07%
2012-07-29	$2.01B	-0.23%
2012-04-29	$2.01B	-1.30%
2012-01-29	$2.04B	-3.06%
2011-10-30	$2.10B	10.12%
2011-07-31	$1.91B	-2.47%
2011-05-01	$1.96B	1.95%
2011-01-30	$1.92B	-6.86%
2010-10-31	$2.06B	19.22%
2010-07-25	$1.73B	1.80%
2010-04-25	$1.70B	-1.60%
2010-01-24	$1.73B	3.12%
2009-10-25	$1.68B	6.39%
2009-07-26	$1.57B	-1.29%
2009-04-26	$1.60B	-5.57%
2009-01-25	$1.69B	-9.26%
2008-10-26	$1.86B	10.93%
2008-07-27	$1.68B	5.27%
2008-04-27	$1.59B	-1.67%
2008-01-27	$1.62B	-

Hormel Foods generated $2.90B in revenue during Q3 2024, up 0.38% compared to the previous quarter, and up 97.34% compared to the same period a year ago.

Hormel Foods Revenue Breakdown

Hormel Foods Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Oct 23	Oct 22	Oct 21	Oct 20	Oct 19
Perishable Meat	$8.51B	$6.55B	$6.27B	$5.33B	$5.37B
Shelf Stable	$3.60B	$3.40B	$2.66B	$2.09B	$1.83B
Other Products	-	$380.40M	$353.48M	$300.81M	$448.48M
Poultry	-	$2.12B	$2.10B	$1.89B	$1.85B

Hormel Foods's latest annual revenue breakdown by segment (product or service), as of Oct 23: Perishable Meat (70.29%), and Shelf Stable (29.71%).

Quarterly Revenue by Product

Product/Service	Jul 24	Apr 24	Jan 24	Oct 23	Jul 23	Apr 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19
Shelf Stable	$783.36M	$857.93M	$890.34M	$908.77M	$894.51M	$904.40M	$890.53M	$1.49B	$649.85M	$629.41M	$635.24M	$899.31M	$670.45M	$567.50M	$523.94M	$510.76M	$511.73M	$619.35M	$450.70M	$529.88M
Perishable Meat	$2.12B	$2.03B	$2.11B	$2.29B	$2.07B	$2.07B	$2.08B	$1.18B	$1.81B	$1.78B	$1.77B	$1.83B	$1.61B	$1.45B	$1.38B	$1.31B	$1.37B	$1.25B	$1.40B	$1.36B
Other Products	-	-	-	-	-	-	-	$61.79M	$100.84M	$118.45M	$99.31M	$93.22M	$82.73M	$91.79M	$85.74M	$78.89M	$77.64M	$69.82M	$74.45M	$62.98M
Poultry	-	-	-	-	-	-	-	$549.48M	$470.21M	$565.53M	$536.60M	$631.40M	$500.12M	$494.19M	$474.65M	$517.98M	$426.35M	$482.96M	$459.08M	$552.62M

Hormel Foods's latest quarterly revenue breakdown by segment (product or service), as of Jul 24: Perishable Meat (72.97%), and Shelf Stable (27.03%).

Hormel Foods Revenue Breakdown by Country

Annual Revenue by Country

Country	Oct 23	Oct 22	Oct 21	Oct 20	Oct 19
UNITED STATES	$11.52B	$11.78B	$10.65B	$9.01B	$8.93B
Non-US	$594.91M	$681.92M	$733.10M	$602.45M	$562.41M

Hormel Foods's latest annual revenue breakdown by geography, as of Oct 23: UNITED STATES (95.09%), and Non-US (4.91%).

Quarterly Revenue by Country

Country	Jan 23
Shelf Stable	$890.53M
Perishable Meat	$2.08B

Hormel Foods's latest quarterly revenue breakdown by geography, as of Jan 23: Perishable Meat (70.03%), and Shelf Stable (29.97%).

Hormel Foods Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
KHC	Kraft Heinz Company	$26.64B	$6.38B
GIS	General Mills	$19.86B	$4.85B
K	Kellanova	$13.12B	$3.23B
HRL	Hormel Foods	$12.11B	$2.90B
CAG	Conagra Brands	$12.05B	$2.79B
CPB	Campbell Soup Company	$9.64B	$2.37B
SJM	J. M. Smucker Company	$8.18B	$2.13B
LW	Lamb Weston	$6.47B	$1.65B

HRL Revenue FAQ

What is Hormel Foods’s yearly revenue?

Hormel Foods's yearly revenue for 2023 was $12.11B, representing a decrease of -2.80% compared to 2022. The company's yearly revenue for 2022 was $12.46B, representing an increase of 9.42% compared to 2021. HRL's yearly revenue for 2021 was $11.39B, representing an increase of 18.50% compared to 2020.

What is Hormel Foods’s quarterly revenue?

Hormel Foods's quarterly revenue for Q3 2024 was $2.9B, a 0.38% increase from the previous quarter (Q2 2024), and a -2.19% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.89B, a -3.66% decrease from the previous quarter (Q1 2024), and a -3.03% decrease year-over-year (Q2 2023). HRL's quarterly revenue for Q1 2024 was $3B, a -6.29% decrease from the previous quarter (Q4 2023), and a 0.87% increase year-over-year (Q1 2023).

What is Hormel Foods’s revenue growth rate?

Hormel Foods's revenue growth rate for the last 3 years (2021-2023) was 6.36%, and for the last 5 years (2019-2023) was 27.51%.

What are Hormel Foods’s revenue streams?

Hormel Foods's revenue streams in t 23 are Perishable Meat, and Shelf Stable. Perishable Meat generated $8.51B in revenue, accounting 70.29% of the company's total revenue, up 29.86% year-over-year. Shelf Stable generated $3.6B in revenue, accounting 29.71% of the company's total revenue, up 5.77% year-over-year.

What is Hormel Foods’s main source of revenue?

For the fiscal year ending Oct 23, the largest source of revenue of Hormel Foods was Perishable Meat. This segment made a revenue of $8.51B, representing 70.29% of the company's total revenue.