Filing Flows › Hormel Foods (HRL) › Q2 FY25
Hormel Foods (HRL) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 29, 2025
Hormel Foods (HRL) reported revenue of $2.9B for the second quarter fiscal 2025 (Q2 FY25), +0.4% from a year earlier and -3% from the quarter before. Operating margin was 8.6%, net earnings $180M (6.2% of revenue).
Hormel Foods, Q2 FY25: revenue $2.9B (+0.4% year over year), operating margin 8.6%, net earnings $180M, operating cash flow $56.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -3% | +0.4% |
| Gross profit | $484M | +2% | -4% |
| Operating profit | $248M | +9% | -2% |
| Net earnings | $180M | +5% | -5% |
| Operating cash flow | $56.4M | -82% | -76% |
What changed
Revenue was $2.9B in Q2 FY25, roughly flat year over year and down 3% from the previous quarter. Retail was the largest line at 62% of revenue. International added $0.01B year over year (up 7%), 102% of the total change.
Gross margin was 16.7%, down 0.7 points from a year earlier. Operating profit was $0.25B, a 8.6% margin (down 0.2 points year over year). Operating profit fell $4.0M even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Operating expenses fell 6% while revenue was flat. Net earnings were $0.18B, down 5% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.06B (down 76% year over year), 31% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Hormel Foods' revenue in the second quarter fiscal 2025?
Hormel Foods (HRL) reported revenue of $2.9B for the second quarter fiscal 2025 (Q2 FY25), +0.4% from a year earlier and -3% from the quarter before.
Was Hormel Foods profitable in the second quarter fiscal 2025?
Operating profit was $248M (8.6% of revenue) and net earnings $180M.
Source: Hormel Foods 10-Q on SEC EDGAR.