Hormel files audited FY2020 financials for acquired Planters business; net sales $1.06B, net income $77.5M

HORMEL FOODS CORP /DE/

Planters FY2020 net sales $1,060.8M, net income $77.5M, operating income $99.1M.
Gross profit $304.6M; intangible asset impairment losses $13.8M.
Walmart represented ~40% of net sales in 2020.
Financial statements prepared under allocation methods; standalone results may differ.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.