Hormel Foods (NYSE: HRL) reported earnings on Feb. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 29 (Q1), Hormel Foods met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share contracted.

Margins dropped across the board.

Revenue details
 Hormel Foods reported revenue of $2.04 billion. The 14 analysts polled by S&P Capital IQ wanted to see a top line of $2.03 billion on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $1.92 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.48. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. GAAP EPS of $0.48 for Q1 were 13% lower than the prior-year quarter's $0.55 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 16.5%, 300 basis points worse than the prior-year quarter. Operating margin was 9.1%, 280 basis points worse than the prior-year quarter. Net margin was 6.3%, 140 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $2.04 billion. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $8.28 billion. The average EPS estimate is $1.82.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 266 members out of 285 rating the stock outperform, and 19 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Hormel Foods a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hormel Foods is hold, with an average price target of $28.45.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Hormel Foods. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.