The company reported net sales of $11.9 billion, operating income of $1.1 billion and diluted earnings per share of $1.47 for fiscal 2024, which ended on October 27, 2024. Adjusted diluted earnings per share were $1.58, and operating margin was 9.0%.

1. 01

   The company reported net sales of $11.9 billion, operating income of $1.1 billion and diluted earnings per share of $1.47 for fiscal 2024, which ended on October 27, 2024. Adjusted diluted earnings per share were $1.58, and operating margin was 9.0%.

2. 02

   Hormel Foods said net sales for Q4 were $3.1 billion, operating income was $294 million and diluted earnings per share were $0.40. Segment profit for Q4 rose 28.9% at Retail, fell 7.9% at Foodservice and rose 184.5% at International.

3. 03

   Hormel Foods said operating cash flow for fiscal 2024 was a record $1.3 billion, and dividends paid to shareholders were also a record $615 million. Capital expenditures for the same period were $256 million.

4. 04

   The company said it expects net sales of $11.9 billion to $12.2 billion and adjusted diluted earnings per share of $1.58 to $1.72 for fiscal 2025. It also said it expects incremental benefits of $100 million to $150 million from its Transform and Modernize initiative.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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