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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 29, 2018
Jul. 30, 2017
Jul. 29, 2018
Jul. 30, 2017
Income Statement [Abstract]        
Net sales $ 2,359,142 $ 2,207,375 $ 7,021,003 $ 6,674,911
Cost of products sold 1,899,970 1,754,966 5,562,966 5,183,302
GROSS PROFIT 459,172 452,409 1,458,037 1,491,609
Selling, general and administrative 210,747 176,660 633,668 567,886
Equity in earnings of affiliates 13,141 3,956 50,158 27,376
OPERATING INCOME 261,566 279,705 874,527 951,099
Other income and expense:        
Interest and investment income 4,601 1,376 5,418 6,643
Interest expense (8,435) (3,057) (20,165) (9,106)
EARNINGS BEFORE INCOME TAXES 257,732 278,024 859,780 948,636
Provision for income taxes 47,379 95,473 108,694 319,896
NET EARNINGS 210,353 182,551 751,086 628,740
Less: Net earnings attributable to noncontrolling interest 110 43 352 159
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 210,243 $ 182,508 $ 750,734 $ 628,581
NET EARNINGS PER SHARE:        
BASIC (in dollars per share) $ 0.40 $ 0.35 $ 1.42 $ 1.19
DILUTED (in dollars per share) $ 0.39 $ 0.34 $ 1.38 $ 1.17
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 530,606 528,165 529,953 528,487
DILUTED (in shares) 543,762 538,814 543,352 539,504
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.1875 $ 0.17 $ 0.5625 $ 0.51