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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 25, 2021
Jul. 26, 2020
Jul. 25, 2021
Jul. 26, 2020
Income Statement [Abstract]        
Net Sales $ 2,863,670 $ 2,381,457 $ 7,931,438 $ 7,188,357
Cost of Products Sold 2,440,322 1,959,032 6,581,613 5,820,158
Gross Profit 423,348 422,426 1,349,825 1,368,198
Selling, General and Administrative 226,284 181,085 622,630 570,518
Equity in Earnings of Affiliates 10,420 8,235 37,722 25,843
Operating Income 207,484 249,576 764,917 823,523
Other Income and Expense:        
Interest and Investment Income (Expense) 8,457 15,513 36,740 25,289
Interest Expense (11,703) (5,724) (27,718) (12,798)
Earnings Before Income Taxes 204,238 259,364 773,940 836,014
Provision for Income Taxes 27,164 56,103 146,549 162,186
Net Earnings 177,074 203,260 627,390 673,828
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest 157 141 290 103
Net Earnings Attributable to Hormel Foods Corporation $ 176,917 $ 203,119 $ 627,101 $ 673,726
Net Earnings Per Share        
Basic (in dollars per share) $ 0.33 $ 0.38 $ 1.16 $ 1.25
Diluted (in dollars per share) $ 0.32 $ 0.37 $ 1.15 $ 1.23
Weighted-average Shares Outstanding        
Basic (in shares) 541,746 539,108 540,618 537,434
Diluted (in shares) 548,072 547,149 547,684 546,112