On Nov. 22, Hormel Foods
- Sales rose by 5.4%, driven by a strong 17.6% increase in the specialty-foods segment.
- After the end of the fourth quarter, the company acquired Saag Products for $12 million in cash and invested $20 million in a joint venture in Vietnam.
- The company's fiscal 2007 guidance range is $2.15 to $2.25 per share for the full year and $0.52 to $0.58 per share for the first quarter.
- Hormel is currently rated a four-star stock by the Motley Fool CAPS community. Join the service for free today, and add your own rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,557.3 |
$1,477.9 |
5.4% |
|
Net Profit |
$90.0 |
$82.2 |
9.5% |
|
EPS |
$0.64 |
$0.59 |
8.5% |
|
Diluted Shares |
140.6 |
139.4 |
0.9% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
24.2% |
24.9% |
(0.7) |
|
Operating Margin |
9.3% |
9.4% |
(0.1) |
|
Net Margin |
5.8% |
5.6% |
0.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $172.5 | $169.5 | 1.7% |
Accounts Rec. | $341.9 | $301.0 | 13.6% |
Inventory | $570.9 | $534.6 | 6.8% |
Liabilities | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Accounts Payable | $0.0 | $0.0 | N/A |
Long-Term Debt | $350.1 | $350.4 | (0.1%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $326.6 | $453.7 | (28.0%) |
Capital Expenditures | $141.5 | $107.1 | 32.1% |
Free Cash Flow | $185.1 | $346.6 | (46.6%) |
Find out why Fools always follow the money.
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