Hormel Foods 2015 Annual Report Download - page 5

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3
Hormel Foods continues to deliver world-class fi nancial results.
O
ur balanced business
model and strong portfolio of trusted brands temper volatility while our experienced team
navigates ever-changing market conditions to drive growth
.
1514131211
Net sales
Dollars in billions
Compound annual growth
rate (CAGR) 4.1%
$7.9 $8.2
$8.8
$9.3 $9.3
1514131211
Diluted earnings
per share
Dollars per share
CAGR 11.0%
$1.74
$1.86 $1.95
$2.23
$2.64*
1514131211
Segment
operating profit
Dollars in millions
CAGR 10.0%
$773 $781
$829
$962
$1,134
*
1514131211
Annual dividends
Dollars per share
CAGR 18.3%
$0.51
$0.60
$0.68
$0.80
$1.00
Financial highlights
(In thousands, except per share amounts) 2015 2014 Change % Change
Net Sales $9,263,863 $9,316,256 $ (52,393) (0.6)%
Net Earnings Attributable to Hormel Foods Corporation 714,372* 602,677 83,411 13.8
Percent of Sales 7.7% 6.5%
Earnings Per Share
Basic $ 2.70* $ 2.28 $ 0.42 15.5
Diluted 2.64* 2.23 0.41 18.4
Dividends Declared to Shareholders 264,063 211,112 52,951 25.1
Per Share of Common Stock 1.00 0.80 0.20 25.0
Weighted-Average Shares Outstanding
Basic 264,072 263,812 260 0.0
Diluted 270,501 270,216 285 0.0
Capital Expenditures $ 144,063 $ 159,138 $ (15,075) (9.5)
Depreciation and Amortization 133,434 130,044 3,390 2.6
Working Capital 849,007 1,178,079 (329,072) (27.9)
Hormel Foods Corporation Shareholders’ Investment 3,998,198 3,605,678 392,520 10.9
*Non-GAAP number—See reconciliation of non-GAAP adjusted measures to GAAP measures on page 17.