Hormel Foods (HRL) Operating Expenses (2009 - 2026)
Hormel Foods' (HRL) quarterly Operating Expenses came in at $323.5 million in Q3 2026, up 25.04% year-over-year from $258.7 million in Q3 2025, and up 1.53% quarter-over-quarter from $318.6 million in Q2 2026.
Analysis
Hormel Foods (HRL) Operating Expenses (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Operating Expenses for 18 consecutive years, with $323.5 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses rose 25.04% year-over-year to $323.5 million in Q3 2026; TTM through Jul 2026 was $1.1 billion, a 9.44% increase from a year earlier, with the FY2025 full-year figure at $996.6 million, down 0.86% from the prior year.
- Operating Expenses was $323.5 million for Q3 2026 at Hormel Foods, up from $318.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $323.5 million in Q3 2026 and troughed at $206.5 million in Q4 2022.
- A 5-year average of $247.7 million and a median of $240.4 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 31.03% in 2023 and retreated 10.79% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $206.5 million in 2022, then climbed by 4.87% to $216.5 million in 2023, then advanced by 10.18% to $238.6 million in 2024, then declined by 6.34% to $223.5 million in 2025, then jumped by 44.77% to $323.5 million in 2026.
- The last three Operating Expenses figures came in at $323.5 million (Q3 2026), $318.6 million (Q2 2026), and $241.7 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 29.22 Bn | 26.54 Bn | 2.03 Bn | 8.46 Bn |
| 2 | General Mills | 19.94 Bn | 19.49 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Mccormick | 13.84 Bn | 13.51 Bn | 778.20 Mn | 441.80 Mn |
| 4 | J M Smucker | 13.17 Bn | 13.13 Bn | 979.60 Mn | 411.10 Mn |
| 5 | Hormel Foods | 11.54 Bn | 10.67 Bn | 471.52 Mn | 323.50 Mn |
| 6 | Chewy | 8.46 Bn | 7.94 Bn | 1.01 Bn | 882.90 Mn |
| 7 | Conagra Brands | 7.25 Bn | 7.03 Bn | 704.10 Mn | 401.10 Mn |
| 8 | Lamb Weston Holdings | 6.67 Bn | 6.60 Bn | 361.40 Mn | 192.60 Mn |
| 9 | Campbell'S | 6.51 Bn | 6.10 Bn | 650.00 Mn | 2.13 Bn |
| 10 | Post Holdings | 3.66 Bn | 3.39 Bn | 566.30 Mn | 326.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 323.50 Mn |
| Apr 26, 2026 | 318.62 Mn |
| Jan 25, 2026 | 241.70 Mn |
| Oct 26, 2025 | 223.47 Mn |
| Jul 27, 2025 | 258.71 Mn |
| Apr 27, 2025 | 251.43 Mn |
| Jan 26, 2025 | 263.01 Mn |
| Oct 27, 2024 | 238.59 Mn |
| Jul 28, 2024 | 259.65 Mn |
| Apr 28, 2024 | 266.67 Mn |
| Jan 28, 2024 | 240.39 Mn |
| Oct 29, 2023 | 216.55 Mn |
| Jul 30, 2023 | 291.07 Mn |
| Apr 30, 2023 | 212.49 Mn |
| Jan 29, 2023 | 222.06 Mn |
| Oct 30, 2022 | 206.49 Mn |
| Jul 31, 2022 | 222.15 Mn |
| May 1, 2022 | 224.66 Mn |
| Jan 30, 2022 | 225.97 Mn |
| Oct 31, 2021 | 230.44 Mn |