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Operating Expense Breakdown
Details core operating costs like selling, general & administrative expenses, manufacturing and distribution costs, and marketing spend to show how efficiently Hormel runs its business. Watching expense trends helps investors see whether management is protecting margins through cost control or investing to drive future growth.SG&A looks well‑managed on an ongoing basis, but the series is punctuated by large one‑time hits—impairments and an outsized negative equity‑affiliate swing tied to portfolio activity—that inflate GAAP expense and create volatility. Management is explicit that these are largely nonrecurring (divestiture-related) and points investors to adjusted EPS, margins and strong cash flow; still, watch near‑term cost headwinds (commodity, fuel, inventory rebalancing) that could push recurring expense and trigger further GAAP noise if sustained.
Date | Selling, General, and Administrative | Equity in Earnings of Affiliates | Goodwill and Intangible Impairment |
|---|---|---|---|
Jun 30, 2026 | $323.50M | -$37.11M | $0.00 |
Mar 31, 2026 | $318.62M | $17.23M | $0.00 |
Dec 31, 2025 | $241.70M | $15.82M | $0.00 |
Sep 30, 2025 | $223.47M | -$148.45M | $70.75M |
Jun 30, 2025 | $258.71M | $11.15M | $0.00 |
Mar 31, 2025 | $251.43M | $15.35M | $0.00 |
Dec 31, 2024 | $263.01M | $16.11M | $0.00 |
Sep 30, 2024 | $238.59M | $11.84M | $0.00 |
Jun 30, 2024 | $259.65M | $7.98M | $0.00 |
Mar 31, 2024 | $266.67M | $15.18M | $0.00 |