Hormel Foods Corp
NYSE:HRL
Gross Margin
Hormel Foods Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Hormel Foods Corp
NYSE:HRL
|
16.3B USD |
17%
|
|
| JP |
G
|
Goyo Foods Industry Co Ltd
TSE:2230
|
53.2T JPY |
34%
|
|
| CH |
|
Nestle SA
SIX:NESN
|
234.7B CHF |
47%
|
|
| US |
|
Mondelez International Inc
NASDAQ:MDLZ
|
84.3B USD |
39%
|
|
| FR |
|
Danone SA
PAR:BN
|
46.1B EUR |
50%
|
|
| ZA |
T
|
Tiger Brands Ltd
JSE:TBS
|
41.1B Zac |
28%
|
|
| US |
|
Kraft Heinz Co
NASDAQ:KHC
|
35.5B USD |
35%
|
|
| US |
|
Hershey Co
NYSE:HSY
|
33.3B USD |
47%
|
|
| US |
|
General Mills Inc
NYSE:GIS
|
32.2B USD |
35%
|
|
| CN |
|
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
|
223.6B CNY |
35%
|
|
| ZA |
A
|
Avi Ltd
JSE:AVI
|
30B Zac |
42%
|
Hormel Foods Corp
Glance View
Nestled in the heart of Austin, Minnesota, Hormel Foods Corp. has carved a distinctive niche in the global food industry since its inception in 1891. Originally founded by George A. Hormel as a fresh meat processing and packing business, it quickly evolved, adapting to shifts in consumer preferences and technological advancements. Today, Hormel stands as a testament to adaptation and longevity, leveraging an extensive portfolio of brands that include household names like Spam, Skippy, and Jennie-O. The company’s business model hinges on processing and selling a wide variety of food products, ranging from pork and turkey to refrigerated and shelf-stable goods, providing convenience for the ever-busy modern consumer. The magic of Hormel lies in its ability to balance tradition with innovation. Through careful management of its supply chain and strategic acquisitions, such as the purchase of Planters in 2021, Hormel has diversified its offerings, ensuring a steady stream of revenue. While retail sales constitute the backbone of its earnings, Hormel also thrives in the foodservice sector, supplying restaurants and institutions with quality ingredients. Their revenue model is further buoyed by a prudent approach to marketing and branding, which keeps their iconic products relevant and in demand. In essence, Hormel crafts its business narrative through a harmonious blend of trusted brands, strategic expansion, and an unwavering commitment to adapting in the ever-evolving food landscape.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Hormel Foods Corp's most recent financial statements, the company has Gross Margin of 16.7%.
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