Hormel Foods Corporation HRL

Revenue Intelligence Report • 28 quarters of SEC filing data • Updated 2026-03-06

Hormel Foods Corporation's latest quarterly revenue reached $2.36 billion, reflecting the impact of its strategic spending decisions, particularly in SG&A, where each dollar spent is expected to generate a long-run revenue decline of $0.76. Despite this challenging ROI dynamic, the company's model accuracy stands at an impressive 1.6% MAPE, indicating reliable forecasting capabilities. For the fiscal year, Hormel is projecting a revenue of $9 billion, representing a slight decline of 1.3% year-over-year. Investors should consider the company's ability to navigate these dynamics while maintaining operational efficiency as a key factor in its future performance.

Next FY Revenue

$9.11B

-1.3% YoY

SG&A Multiplier

$-0.76 per $1

Model Accuracy

1.6% MAPE

Holdout validation: The model predicted $2B vs the actual $2B — an error of 1.8%.

⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Note: Hormel Foods Corporation does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q3 2018	$2B	$2B	$2B – $2B	+5.9%	✓ In range
Q4 2018	$2B		$2B – $2B	+1.3%
Q1 2019	$2B		$2B – $2B	-2.7%
Q2 2019	$2B		$2B – $2B	-0.6%
Q3 2019	$2B		$2B – $2B	-2.9%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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