RSS   Newsletter   Contact   Advertise with us

Hormel Foods Q3 pretax earnings $259 million

Christian Fernsby ▼ | August 25, 2020
Hormel Foods Corporation reported results for the third quarter of fiscal 2020.
Hormel Foods
Hormel Foods   Volume of 1.2 billion lbs.

Topics: Hormel Foods

Volume of 1.2 billion lbs., up 4%; organic volume up 3%

Pretax earnings of $259 million, down 1%

Operating margin of 10.5%, compared to 11.2% last year

Effective tax rate of 21.6%, compared to 23.6% last year

Net earnings of $203 million, up 2%

Cash flow from operations of $330 million, up 59%

Operating free cash flow1 of $242 million, up 72%