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.
- 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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