Filing Flows › Hormel Foods (HRL) › Q3 FY25
Hormel Foods (HRL) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 28, 2025
Hormel Foods (HRL) reported revenue of $3.0B for the third quarter fiscal 2025 (Q3 FY25), +5% from a year earlier and +5% from the quarter before. Operating margin was 7.9%, net earnings $184M (6.1% of revenue).
Hormel Foods, Q3 FY25: revenue $3.0B (+5% year over year), operating margin 7.9%, net earnings $184M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +5% | +5% |
| Gross profit | $487M | +0.6% | -0.2% |
| Operating profit | $240M | -3% | +1% |
| Net earnings | $184M | +2% | +4% |
| Operating cash flow | $157M | +178% | -28% |
| Free cash flow | $84.5M | — | -45% |
What changed
Revenue was $3.0B in Q3 FY25, up 5% year over year and up 5% from the previous quarter. Retail was the largest line at 61% of revenue. Retail added $0.09B year over year (up 5%), 68% of the total change.
Gross margin was 16.1%, down 0.8 points from a year earlier. Operating profit was $0.24B, a 7.9% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 8% margin then. Operating expenses fell 2% while revenue rose 5%. Net earnings were $0.18B, up 4% year over year. The effective tax rate was 22.3%.
Operating cash flow was $0.16B (down 28% year over year), 85% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.07B left free cash flow of $0.08B.
Questions
What was Hormel Foods' revenue in the third quarter fiscal 2025?
Hormel Foods (HRL) reported revenue of $3.0B for the third quarter fiscal 2025 (Q3 FY25), +5% from a year earlier and +5% from the quarter before.
Was Hormel Foods profitable in the third quarter fiscal 2025?
Operating profit was $240M (7.9% of revenue) and net earnings $184M.
Source: Hormel Foods 10-Q on SEC EDGAR.