Hormel Foods Reports Record Sales and Double-Digit Earnings Growth in the Second Quarter
Hormel Foods Corporation, a leading global branded food company, today reported results for the second quarter of fiscal 2022. All comparisons are to the second quarter of fiscal 2021 unless otherwise noted.
EXECUTIVE SUMMARY
SECOND QUARTER
- Volume of 1.2 billion lbs., down 2%; organic volume1 down 8%- Record net sales of $3.1 billion, up 19%; organic net sales1 up 10%- Operating income of $335 million, up 16%- Operating margin of 10.8%, compared to 11.1% last year and 10.5% last quarter- Pretax earnings of...
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