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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Oct. 25, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | Quarterly Results of Operations (Unaudited) The following tabulations reflect the unaudited quarterly results of operations for the years ended October 25, 2020, and October 27, 2019.
(in thousands, except per share data) |  | Net Sales |  | Gross Profit |  | Net Earnings |  | Net Earnings Attributable to Hormel Foods Corporation(1) |  | Basic Earnings Per Share |  | Diluted Earnings Per Share(2)
2020 |  |  |  |  |  |  |  |  |  |  |  |
First Quarter |  | $ | 2,384,434 |  |  | $ | 468,421 |  |  | $ | 242,953 |  |  | $ | 242,872 |  |  | $ | 0.45 |  |  | $ | 0.45 |
Second Quarter |  | 2,422,465 |  |  | 477,352 |  |  | 227,615 |  |  | 227,734 |  |  | 0.42 |  |  | 0.42 |
Third Quarter |  | 2,381,457 |  |  | 422,426 |  |  | 203,260 |  |  | 203,119 |  |  | 0.38 |  |  | 0.37 |
Fourth Quarter |  | 2,420,105 |  |  | 457,765 |  |  | 234,526 |  |  | 234,356 |  |  | 0.43 |  |  | 0.43 |
2019 |  |  |  |  |  |  |  |  |  |  |  |
First Quarter |  | $ | 2,360,355 |  |  | $ | 488,334 |  |  | $ | 241,519 |  |  | $ | 241,425 |  |  | $ | 0.45 |  |  | $ | 0.44 |
Second Quarter |  | 2,344,744 |  |  | 469,149 |  |  | 282,636 |  |  | 282,429 |  |  | 0.53 |  |  | 0.52 |
Third Quarter |  | 2,290,705 |  |  | 433,442 |  |  | 199,427 |  |  | 199,449 |  |  | 0.37 |  |  | 0.37 |
Fourth Quarter |  | 2,501,513 |  |  | 493,723 |  |  | 255,566 |  |  | 255,503 |  |  | 0.48 |  |  | 0.47 |
(1) Excludes net earnings attributable to the Company’s noncontrolling interests. (2) Quarterly amounts are independently computed and may not add to the annual amounts.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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