Hormel Foods Corporation reported record performance for the fiscal year 2015 fourth quarter and full year. All comparisons are to the fourth quarter or full year of fiscal 2014.
For the year ended October 25, 2015, non-GAAP 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 share 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.