Hormel Foods 2010 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2010 Hormel Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

$536
2006 2007 2008 2009 2010
$683
$507
$481
$572
SEGMENT OPERATING PROFIT
Dollars in millions
CAGR 9.2%
$6.75
2006 2007 2008 2009 2010
$7.22
$6.19
$5.75
$6.53
NET SALES
Dollars in billions
CAGR 5.9%
$2.08
2006 2007 2008 2009 2010
$2.92
$2.17
$2.05
$2.53
DILUTED EARNINGS PER SHARE
Dollars
CAGR 9.2%
$0.74
2006 2007 2008 2009 2010
$0.84
$0.60
$0.56
$0.76
ANNUAL DIVIDENDS
Dollars
CAGR 10.7%
(in thousands, except per share amounts) 2010 2009 Change % change
Net Sales $7,220,719 $6,533,671 $ 687,048 10.5%
Net Earnings Attributable to Hormel Foods 395,587 342,813 52,774 15.4
Percent of Sales 5.5% 5.2%
Earnings Per Share
Basic $ 2.97 $ 2.55 $ 0.42 16.5
Diluted 2.92 2.53 0.39 15.4
Dividends Declared to Shareholders 111,830 102,016 9,814 9.6
Per Share of Common Stock 0.84 0.76 0.08 10.5
Average Common Shares Outstanding
Basic 133,366 134,227 (861) (0.6)
Diluted 135,349 135,489 (140) (0.1)
Capital Additions $ 89,823 $ 96,961 $ (7,138) (7.4)
Depreciation and Amortization 125,591 127,138 (1,547) (1.2)
Working Capital 756,953 889,704 (132,751) (14.9)
Hormel Foods Corporation
Shareholders’ Investment 2,400,657 2,122,608 278,049 13.1
Financial Highlights
3