Hormel Foods (HRL) Revenue & Revenue Breakdown
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
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.