What was Hormel Foods Corporation's revenue in 2023?

Hormel Foods Corporation reported $12.1B in revenue for fiscal year 2023. This represents a +5.2% change compared to 2022. Revenue rose 5.2% to $12.1 billion, lifted by inflation-driven pricing across branded grocery items as shoppers traded down to shelf-stable, value-added options.

How did Hormel Foods Corporation's revenue change from 2022 to 2023?

Hormel Foods Corporation revenue grew from $11.5B in 2022 to $12.1B in 2023, a change of 5.2%.

Was 2023 Hormel Foods Corporation's best revenue year?

Yes — 2023 was Hormel Foods Corporation's highest recorded revenue year at $12.1B, the peak across all 3 years of available data.

What was Hormel Foods Corporation's highest ever annual revenue?

Hormel Foods Corporation's highest ever annual revenue was $12.1B recorded in fiscal year 2023.

Hormel Foods Corporation

Packaged Foods and Value-Added ProteinsFounded 1891

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Explore Hormel Foods

Core profile pages, annual revenue records, and related research hubs for this company.

Hormel Foods Corporation

Packaged Foods and Value-Added ProteinsFounded 1891

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Annual Revenue

Hormel Foods Corporation Revenue in 2023

FY2023 Revenue

$12.1B

▲ 5.2% vs FY2022 ($11.5B)

Source: Annual report / company filing

Hormel Foods Corporation reported $12.1B in revenue for fiscal year 2023. This represents a growth of 5.2% compared to the 2022 figure of $11.5B. In 2024, revenue declined to $11.7B.

Revenue rose 5.2% to $12.1 billion, lifted by inflation-driven pricing across branded grocery items as shoppers traded down to shelf-stable, value-added options.

Revenue by Year

FY2024 FY2023

Hormel Foods Corporation Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2024	$11.7B	$805M	-3.4%
FY2023	$12.1B	—	+5.2%
FY2022	$11.5B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2024: $11.7B

Explore Hormel Foods

Core profile pages, annual revenue records, and related research hubs for this company.