Hormel Foods''s Return on Invested Capital Insights
According to Benzinga Pro, during Q3, Hormel Foods (NYSE: HRL ) earned $218.83 million, a 16.38% increase from the preceding quarter. Hormel Foods''s sales decreased to $3.03 billion, a 2.03% change since Q2. In Q2, Hormel Foods earned $261.68 million, and total sales reached $3.10 billion. Why Is ROIC Significant? Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company''s ROIC. A higher ROIC is generally representative of successful growth of a company and … Full story available on Benzinga.com
Hormel Foods''s Return on Invested Capital Insights
According to Benzinga Pro, during Q3, Hormel Foods (NYSE: HRL ) earned $218.83 million, a 16.38% increase from the preceding quarter. Hormel Foods''s sales decreased to $3.03 billion, a 2.03% change since Q2. In Q2, Hormel Foods earned $261.68 million, and total sales reached $3.10 billion. Why Is ROIC Significant? Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company''s ROIC. A higher ROIC is generally representative of successful growth of a company and … Full story available on Benzinga.com