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Hormel Foods Achieves Record Fourth Quarter and Full Year Results

For the year ended October 25, 2015, non-GAAP1 adjusted net earnings were a record $714.4 million, up 19 percent from net earnings of $602.7 million last year. Non-GAAP adjusted diluted earnings per share2 were $2.64, up 18 percent from diluted net earnings per share of $2.23 last year. On a GAAP basis, the company reported fiscal 2015 net earnings of $686.1 million. GAAP diluted earnings per share were $2.54. Sales for the year ended October 25, 2015, totaled $9.3 billion, down 1 percent from last year.

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